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Covid, Cyber, Compliance and ESG top risk concerns for financial services sector: Allianz

Financial institutions and their directors have to navigate a rapidly changing world, marked by new and emerging risks driven by cyber exposures based on the sector’s reliance on technology, a growing burden of compliance, and the turbulence of Covid-19, according to a new report 'Financial Services Risk Trends: An Insurer’s Perspective' from Allianz Global Corporate & Specialty (AGCS).

Allianz People Fact Book 2020: License to skill

With the lifespan of skill sets shortening, companies must constantly reskill and upskill their workforce to meet the rapidly-changing needs and wants of customers. What skilling initiatives are under way at Allianz? The latest Allianz People Fact Book offers some insights...

Allianz completes acquisition of majority stake in Jubilee General Insurance, Kenya

Allianz, one of the world’s leading insurers and asset managers has become the majority shareholder in Jubilee General Insurance Limited in Kenya. This follows the acquisition of a 66 percent stake in the company, representing 1,522,622 ordinary shares, from Jubilee Holdings Limited (JHL), East Africa’s largest insurance group who are retaining a 34 percent shareholding in the company.

Allianz announces its sustainability performance 2020 and new guidelines for coal-based business models

Allianz Group has released its 20th Sustainability Report, outlining its environmental, social and corporate governance achievements in fiscal year 2020, as well as its sustainability strategy and targets. In the coming years, the company plans to further embed environmental and social criteria in its business strategy, product development and marketing.

Allianz Survey: Effects of Covid-19 pandemic felt unequally across society in Europe

A survey commissioned by Allianz into the impact of the COVID-19 pandemic on respondents’ sense of security in five European countries has revealed inequality in the perceived repercussions of the pandemic across the dimensions of gender, age, and the extent to which a country was impacted by the virus.

Seizing the Green Initiative

With vaccinations rolling out across the world and stimulus packages starting to take effect, the post-Covid recovery period is an opportunity to build back greener. How are major regional players working together towards this common goal and what are they doing to accelerate this transition to green technologies?

Allianz launches partnership with Sea Shepherd for marine protection

Allianz has committed to clean oceans and coasts, biodiversity conservation and sustainable fishing practices by partnering with the international marine conservation organization Sea Shepherd Global. The partnership is initially for two years and covers Italian coastal areas in the Mediterranean Sea.

How to insure a pandemic

What does a pandemic have to do with Tetris? Well, for one, they both start slowly and pick up speed very fast. Unlike Tetris, thankfully, a pandemic is possible to manage. However, what the pandemic highlighted are the enormous challenges that are involved in insuring it. In addition, it also opened up new paths to future insurance solutions that could cover such global events of enormous proportions…

Allianz and Monument Re complete sale of part of Allianz’s closed life book portfolio in Belgium

Allianz and Monument Re have completed the sale of part of Allianz’s closed life book portfolio in Belgium. The transaction has been approved by the Belgian regulator with effective date April 1, 2021 and follows the announcement released in August 2020: Allianz Benelux and Monument Re announce closed book portfolio transaction.