Allianz announces three senior leadership appointments: Birgit König, currently CEO of Allianz Deutschland’s private health insurer Allianz Private Krankenversicherung (APKV) and Member of the Board of Management of Allianz Deutschland, will head the international unit Allianz Digital Health (ADH) with effect from April 1, 2019.
In the wake of mega data breaches and privacy scandals, major IT outages and the introduction of tighter data protection rules in the European Union and other countries, cyber risk is now a core concern for businesses in 2019 and beyond. According to the Allianz Risk Barometer 2019, Cyber incidents are neck-and-neck with Business interruption as the top business risks globally.
Allianz Africa has announced the appointment of Adja Samb as CEO of Allianz Senegal, and of Xavier Laurent, previously CEO of Allianz Senegal, as regional Head of Market Management. Both appointments are effective January 1, 2019.
Allianz Capital Partners, on behalf of Allianz insurance companies, has signed the acquisition of the 218.8 megawatt Solara project in Portugal. Construction works for Solara have already started. The commissioning of the project is planned for summer 2019.
Cyber risks and the impact of new technologies will have an increasing influence on the corporate loss landscape in years to come. However, it is fire and explosion incidents that cause the largest claims for insurers and the businesses they cover, according to new research from Allianz Global Corporate & Specialty (AGCS).
Allianz Global Investors announces that the Allianz Renewable Energy Fund II (AREF II) has been fully invested within 24 months following the purchase of further photovoltaic plants in Italy and France. The issuing period for AREF II to European institutional investors began in March 2016.
Despite the increased risks, Germany's overall economic capacity utilization will continue to increase in the coming year, according to Allianz Research. But with real GDP growth of 1.7 percent versus estimated 1.5 percent for 2018, the rate of 2016 and 2017 will not be reached.