Allianz SE announced today that it would donate up to 200,000 euros to support disaster relief in the Philippines following the disaster caused by Super Typhoon Fung-wong. It brought torrential rains and destructive winds to the South Philippines in mid-November, causing widespread devastation. The region has already suffered damage from Typhoon Kalmegi. The close timing of the two strong storms compounded the humanitarian crisis and the impact on affected communities.
Allianz is a major life insurer in the Philippines through its local entity Allianz PNB Life. Serving thousands of customers and employees across the Philippines, Allianz acts on its promise to secure the future of its stakeholders in times of need.
Allianz SE will allocate 100,000 euros to the German Red Cross, which is supporting relief activities in the Philippines together with the Philippine Red Cross to deliver immediate assistance to people most affected by Super Typhoon Fung-wong and earlier storms. In addition, up to 100,000 euros will be donated for post-disaster support, to be deployed in collaboration with its local Allianz operating entities and selected partners. This tranche will focus on disaster prevention and climate resilience, helping communities rebuild and strengthen their preparedness against future events.
Renate Wagner, Member of the Board of Management of Allianz SE, responsible for Asia Pacific, Mergers & Acquisitions, People and Cultures says:
“At Allianz, we stand united with the people and communities of the Philippines, determined to help them recover following the recent typhoons. Through targeted financial relief and hands-on support, we’re helping families rebuild, businesses restart, and hope return.”
Allianz is fully dedicated to Asia and its people. It represents a strategic growth region for Allianz Group, which already has established strong market positions throughout Southeast Asia. Besides the Philippines, Allianz is present with various business segments in China, India, Indonesia, Malaysia, Singapore, and Thailand, among others.
