Sep 21, 2023 | Sustainability, Climate Change, Media release

In its new report, ‘A turning point for offshore wind’, Allianz Commercial highlights growth opportunities, tech innovations, risk trends, and loss patterns for the global industry. / Damage to cables is the top cause of insurance claims, followed by turbine failure. / Speed of build-out is creating pressure on materials and supply chains, port infrastructure, and available construction and maintenance vessels. / Bigger turbines and new technology drive bigger exposures for insurers which need to be understood in partnership with developers. / Weather and natural catastrophe risks are increasing as sector expands into new territories.

Sep 14, 2023 | Insurance solutions, Climate Change, Article, Property & Casualty

Hailstorms across the Alpine region that shattered roofs and cars, heavy rainfall throughout Europe flooding homes and a devastating earthquake in Morocco – this summer has seen its fair share of natural disasters that led to severe damages of peoples’ property. But what if we could offer an individually tailored view on natural hazard risk to homeowners and support them in perhaps preventing some of the damage that floods, storms, wildfires and earthquakes can bring?

Sep 14, 2023 | Societal impact, Financial Literacy, Media release, Life & Health

After recent declines, the percentage of Black and Hispanic Americans working with a financial advisor is on the rise, according to a recent Allianz Life study. But challenges still exist. How can the industry respond?

Sep 13, 2023 | Sustainability, Climate Change, Interview

Nicola Ranger, Leader, Resilience and International Development Program at the Environmental Change Institute; and Executive Director for Oxford Martin Systemic Resilience Program, and Sibylle Steimen, Managing Director Advisory & Services at Allianz Re, make a case for putting more focus on climate resilience. In their view, the public discussion needs to center more on investing in adaptation measures to reduce the physical risk of climate change.

Sep 07, 2023 | Sustainability, Climate Change, Media release

Allianz is publishing its first comprehensive net-zero transition plan, which substantiates the company’s long-term strategic climate commitment to achieve net-zero emissions by 2050 in its proprietary investment and P&C underwriting portfolios and already by 2030 within its own operations.