Allianz Research

Powering ahead:
Global Wealth Report 2025

Nowhere to hide? Rethinking safe havens and safe assets in a fragmented world

The US dollar emerged as the last remaining safe haven standing amid the war in Iran. However, this situation is increasingly conditional and regime-dependent.

A wind of change for Hungary

Hungary's 12 April election delivered the country's most consequential result since 2010 and a decisive mandate for change. 

From invisible to investible: An investment taxonomy for climate adaptation

Exposure to climate risk is rising sharply but unevenly across hazards and regions. Global warming continues to accelerate, with 2025 the third-warmest year on record, reinforcing warnings that the +1.5°C threshold could be reached as early as 2030.