Allianz Global Wealth Report 2020: Year of the Rich

A year to miss for several reasons, 2019 was also when global wealth jumped to a new record high. But not everyone benefited. And a positive trend towards financial equality reversed, according to the Allianz Global Wealth Report 2020...

Companies face five liability risk trends in the face of the coronavirus pandemic

Liability exposures for companies around the world are increasing. Factors such as rising litigation, collective redress and large court verdicts, costly and frequent recalls in the automotive and food sectors, the disruptive impact of civil unrest and riots in a growing number of countries, and environmental concerns such as indoor air quality and higher fines and remediation standards will likely impact businesses and their insurers in future, according to a new report from AGCS...

Europe: Post-corona pulse check

In the aftermath of the coronavirus crisis, what’s the mood in Germany, France and Italy? More pessimistic than earlier believed, finds the latest Allianz Pulse. Surprisingly, digitalization has slipped in the priority list of these Europeans but climate change remains their concern...

Earthquake and Fire Research Center in Turkey expands family of Allianz research centers

The family of Allianz Centers for Technology is growing. With the Allianz Teknik Earthquake and Fire Testing and Training Center in Turkey, three Allianz Group research centers are now available to support customers and society in loss prevention, improve products and processes, and increase the operational safety of systems and consumer goods.

Impact underwriting: How insurance can shape tomorrow

From being a hedge against risks to being a driver of sustainable practices, insurance has come a long way. How can insurers shape a resilient future? Allianz Research identifies nine areas that offer exciting opportunities for impact underwriting...

Allianz Benelux and Monument Re announce closed book portfolio transaction

Allianz Benelux (Belgium) and Monument Re have agreed today to transfer a closed book of classical life retail insurances together with 4,500 mortgage loans to Monument Assurance Belgium (MAB) and to transfer the related operations within 18 months after regulatory approvals. The transaction includes a portfolio of 95,000 policies with technical provisions of 1.4 billion euros under Solvency II.

Allianz Capital Partners' first global infrastructure fund reaches first close

Allianz Global Investors (AllianzGI) announced the first close of the Allianz Global Diversified Infrastructure Equity Fund (AGDIEF). The fund, which was launched earlier this year and is managed by Allianz Capital Partners (ACP), attracted commitments exceeding 600 million euros from institutional clients.

Allianz achieves 2.6 billion euros operating profit in 2Q 2020

Internal revenue growth, which adjusts for currency and consolidation effects, amounted to -7.7 percent in the second quarter of 2020, mostly driven by the Life/Health business segment. Total revenues decreased 6.8 percent to 30.9 billion euros in the second quarter of 2020.

Economic outlook: Rocky road to recovery

Both the human and the economic cost of the coronavirus pandemic have been huge. As countries and communities pick up the pieces, Allianz economists take stock of the effect of the Covid-19 crisis on the global economy...