Allianz’s Global Explorer Program is a series of global and local partnerships, digital and physical activations and crowd-generated content platforms that call out to curious minds around the globe to explore, connect and share how disruptive technologies can drive a more sustainable way of life.
Following the appointment of Virginie Fauvel as Euler Hermes Chief Transformation Officer on January 15, 2018, a new digital and transformation team has been set up in order to activate the Group’s transformation and materialize its ambition of becoming the most innovative B2B insurance company.
With explosive growth in the number of large cities and their population, urban mobility is an issue crying for attention. What are the challenges and what could be the solutions?
The United Nations has set ambitious Sustainable Development Goals to ensure a better tomorrow. How is Allianz contributing to this cause? The Sustainability Report 2017 outlines our efforts…
Allianz X, the digital investment unit of the Allianz Group, has announced a $35 million investment in GO-JEK, the leading Indonesian ridehailing platform that also offers various consumer on-demand and payment services. This is Allianz X’s first investment in a Southeast Asian-headquartered company and fourth transaction in 2018. Allianz becomes GO-JEK’s sole international insurance shareholder.
Allianz is providing financing of 75 million euros and $25 million, both over 12 years, as EAIF’s first insurance-investor. The EAIF debt financing is the second Emerging Markets (EM) blended finance transaction within 12 months, run by Allianz Global Investors (AllianzGI) on behalf of Allianz Group investing for their insurance portfolios. This brings the total commitment of Allianz Group to EM blended finance through AllianzGI infrastructure debt platform to over $600 million.
Allianz Group recently received approval of its Binding Corporate Rules from the EU-mandated Bavarian Data Protection Authority, BayLDA. Binding Corporate Rules or "BCRs" were developed by the European Union to allow multinational corporations to make intra-organizational transfers of personal data across borders in compliance with EU Data Protection Law.
Euler Hermes, the worldwide leader in credit insurance, publishes its Q1 2018 country and sector risks ratings. Euler Hermes monitors 242 countries and territories using about 40 short-term and medium-term indicators to measure the risk of payment disruptions in a given country that are outside the control of companies. Overall, Ghana, Côte d’Ivoire, Egypt and Russia’s ratings were upgraded, while Romania, Algeria and Tunisia’s ratings were downgraded.
Football has the ability to unite people. It also has the ability to change young lives, shows social entrepreneur Florian Zech’s Amandla EduFootball, which is one of the 10 shortlisted social ventures for the Investment Ready Program, to which Allianz is lending its expertise under a partnership with Impact Hub.
Insurers as well as those who buy insurance know one thing – things don’t always go as you expect them to. Worse still, the causes of big changes can sometimes be really small. Here are seven major changes that happened to the world, all because of small, insignificant causes...
The Blockchain Insurance Industry Initiative (B3i) is pleased to announce the incorporation of B3i Services AG in Zurich, Switzerland. The company was formed by the founders of B3i. Up until now B3i has been a collaborative initiative of 15 global insurers and reinsurers who came together in late 2016 to explore and test the potential of blockchain in the industry.
In a new report, insurer Allianz Global Corporate & Specialty (AGCS) identifies both the benefits and emerging risk concerns around the growing implementation of AI in society and industry, including in the insurance sector. AI, also referred to as machine learning, is essentially software that is able to think and learn like a human.
From May 25, 2018, the long awaited General Data Protection Regulation (GDPR) will apply across the EU, representing the biggest shake up of data protection laws in the digital age. In the latest edition of the Global Risk Dialogue, Allianz Global Corporate & Specialty (AGCS) cyber experts Christopher Rau, Jens Krickhahn and Marek Stanislawski offer their insights on what businesses can expect...
From an economic point of view, the eurozone could hardly be in better shape than it is today. The upswing seems likely to continue, the peak has just begun. This development is reflected in the results of this year's Euro Monitor, with which we measure the state of the euro economies on the basis of 20 indicators every year.
Market research company Potentialpark awarded Allianz the first place in a global ranking for the best digital recruiting communication. Allianz was also able to hold on to its number one position in Europe and Asia for the fifth time.
Allianz X, the digital investment unit of the Allianz Group, announced that it co-led N26’s $160 million Series C funding round and joins its Board of Directors alongside a list of notable investors. The funding round includes contributions from additional investors, including existing shareholders. “N26 is a clear frontrunner in mobile banking,” said Solmaz Altin, Chief Digital Officer of the Allianz Group.
Allianz Global Corporate & Specialty SE (AGCS) is rolling out the red carpet for its Entertainment insurance division in Asia with a launch in Singapore. With nearly half of the world’s movie production taking place in Asia and large-scale live events and music tours on the rise, Entertainment is an important growth sector in Asia as more organizers look for insurance solutions to protect their events and productions.
What’s common to small and large companies? Both need fresh ideas and sustainable practices. Allianz and its customer Infarm, an urban produce and herb startup, find they are not that different when it comes to their belief in innovation and sustainability...
Euler Hermes presents its Enabling Digitalization Index (EDI) 2018, which illustrates each country’s ability to provide the necessary environment for business to succeed in an increasingly digitalized global economy. The United States, Germany and the Netherlands make the top three of the 2018 EDI ranking.
Even as the world celebrates Women’s Day, millions of female professionals struggle to find mentors and networks to build careers they love. Why is this key career step stone so elusive to women and what can be done about it?
In discussing his new role as Chief Business Transformation Officer on the Allianz board of management, Iván de la Sota has a refined, reserved and cautious manner, whether speaking in fluent German, English or Spanish. However, the importance of this role in the development of the group is very clear in his mind.
The Supervisory Board of Allianz SE has appointed Iván de la Sota (53) to the Board of Management of Allianz SE to assume the role of Chief Business Transformation Officer, effective April 1, 2018. The new Board of Management division will support Allianz entities in exploiting business opportunities that arise from a growing demand for digital insurance and investment solutions among all customer groups.
The next time you contact your insurer, there is a good chance that you will be dealing with Artificial Intelligence (AI). Insurers are starting to use intelligent computers to give advice and speed up the process of buying insurance and paying claims. But with the benefits also come new risks. The latest edition of the Global Risk Dialogue by Allianz Global Corporate & Specialty explores the developments..
Solmaz Altin (44), currently the Chief Digital Officer of Allianz, will join the Allianz Asia Executive Board from June 1, 2018 and will succeed George Sartorel (60) as Regional CEO effective May 1, 2019. After almost 40 years with Allianz, George Sartorel has decided to retire in 2019. Solmaz Altin will work closely with him over the course of 2018 to ensure a smooth transition.
Visa and Allianz Partners are bringing an innovative new payment solution to consumers: “Allianz Prime”. The mobile payment and loyalty app is the first of its kind in the insurance industry and enables customers to make fast, safe and easy payments with their mobile device online and in stores.
Allianz X, the digital investment unit of the Allianz Group, announced a $30 million investment in C2FO, a fintech business that connects buyers and suppliers of goods and services with working capital funding needs.
The 2018 Winter Olympic Games are well under way in Pyeongchang, South Korea. What is the one thing that such spectacular events just can’t do without?
The past decade has been rough for the European Union. EU’s big two, France and Germany, now have an opportunity to strengthen the region. Allianz Research offers 10 ideas...
Allianz Group reported strong results for the full year 2017 due largely to higher performance in Asset Management and Life and Health. Total revenues for the Group rose 3.0 percent to 126.1 billion euros for the year, driven by improvements in all business segments. Operating profit edged 0.4 percent higher to 11.1 billion euros in 2017, squarely in the upper half of the Group’s announced target range of 10.3 to 11.3 billion euros.
Under our 'Encouraging Future Generations' program, 10 social startups have been shortlisted to receive mentoring as well as an opportunity to win a grant to scale up their business. Who are they and how are they making a difference to society?
When it comes to road safety, in-car technology is proving to be more dangerous than alcohol in many countries as it distracts drivers from keeping a careful eye on the road, finds a study by Allianz Center for Technology (AZT)...
Cisco, Apple, Aon and Allianz announced a new cyber risk management solution for businesses, comprised of cyber resilience evaluation services from Aon, the most secure technology from Cisco and Apple, and options for enhanced cyber insurance coverage from Allianz. The new solution is designed to help a wider range of organizations better manage and protect themselves from cyber risk associated with ransomware and other malware-related threats, which are the most common threats faced by organizations today.
Allianz, the global financial services leader, announced that it has entered into an agreement with Janashakthi Insurance PLC (“JINS”) to acquire 100 percent of its subsidiary Janashakthi General Insurance Limited (“JGIL”) for 16.4 billion Sri Lankan rupees (85.9 million euros). The transaction is subject to regulatory approval and is expected to complete in the first quarter of 2018.
Euler Hermes’ “2018 Collection Complexity Score and Rating” aims at measuring the level of complexity relating to international debt collection procedures within each of the 50 countries taken into consideration. Three main factors were analyzed: local payment practices, local court proceedings and local insolvency proceedings. It therefore provides a simple assessment of debt collection proceedings in each country, helping to support decisions and manage expectations when trading internationally.
Everybody’s familiar with Allianz as an insurance company and financial services provider. Now, 128 years after it was founded, it’s also offering software. An Open Source Edition of parts of the Allianz Business System (ABS) is going to be made available at no charge. Christof Mascher, Chief Operating Officer at Allianz SE, and Andreas Nolte, Chief Information Officer at Allianz Deutschland AG, share more about their plans for ABS.
Embracing the technological future at Allianz means far more than just a Digital Factory. Two experts discuss cognitive computing and what this means for the insurer...
They take aim at the backbone of the connected economy and, when they strike, can jeopardize the success, or even the existence, of companies of every size and sector. Business interruption (#1 with 42 percent of responses / #1 in 2017) and Cyber incidents (#2 with 40 percent of responses, up from #3 in 2017) are this year’s top business risks globally, according to the Allianz Risk Barometer 2018.
Extreme weather events, such as the mudslide that struck Southern California this week and killed at least 17 people, can be expected to increase in frequency and intensity...
Allianz Group has agreed to acquire the legal protection insurance subsidiary DAS Switzerland and assets of DAS Luxembourg and Slovakia from German insurance group ERGO Group AG. The acquisition will strengthen the competitive position of Allianz Suisse, making it one of the top three firms offering legal protection coverage in Switzerland.
Rising populism in politics is making the economic environment uncertain. Companies must gear up to cope with the risk of sudden political and legal shocks, writes expert Katinka Barysch...
Allianz has agreed to a $59.2 million investment and strategic partnership with leading telehealth platform American Well to develop digital solutions that will widen access, lower cost and improve quality of healthcare for millions of patients worldwide. Allianz X, the digital investment unit of Allianz, led the investment and will join American Well’s Board of Directors.
As with many topics, misconceptions abound about Europe’s big two economies – Germany and France. In a note, Allianz Economic Research busts seven of the biggest myths...
Allianz Global Corporate & Specialty (AGCS) will release the Allianz Risk Barometer 2018 this month. Which rising risk is threatening companies more than ever and giving experts sleepless nights?
Allianz Group and Liverpool Victoria Friendly Society (LV=) have completed the first stage in the creation of their joint venture and strategic partnership through the planned sale of 49 percent stake in LV=’s UK General Insurance businesses (LV=GI) to Allianz Group.
With its creative design and easygoing mood, the office of the future blurs the line between work and play. Creative designs, vibrant colors, open and closed spaces, there's a lot changing in our workspaces...
Allianz will lay out 2 billion euros for share buybacks next year on top of a 3-billion-euro plan announced last February. Outgoing Chief Financial Officer Dieter Wemmer explains the rationale...
Allianz X, the digital investment unit of the Allianz Group, has announced a $96.6 million investment in BIMA, a leading digital microinsurer utilizing mobile technology to serve low-income customers in Africa, Asia and Latin America. Allianz becomes BIMA’s sole insurance shareholder and the largest strategic shareholder overall.
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty SE (AGCS) announced changes to its Board of Management, which take effect in 2018. From July 1, 2018, Chief Operating Officer Sinéad Browne moves to a new Board-level role at AGCS, taking over from Chief Regions and Markets Officer, Carsten Scheffel, who retires from his role at the end of June.
Allianz Global Investors (AllianzGI) and Allianz Capital Partners (ACP) announced today that they will join forces in order to extend the range of investment expertise available to AllianzGI’s broad global client base, strengthening further its offering in Alternatives. From January 1, 2018, ACP will become a discrete entity under the umbrella of AllianzGI.
A consortium comprising Allianz Capital Partners (ACP) on behalf of the Allianz Group, Macquarie Infrastructure and Real Assets (MIRA) and Valtion Eläkerahasto (VER), the State Pension Fund of Finland, has signed an agreement to acquire Elenia Oy, Finland’s second largest distribution system operator and Elenia Lämpö Oy, Finland’s ninth largest district heating network (together ‘Elenia’).
Euler Hermes, the world’s leading trade credit insurer, has appointed Virginie Fauvel as Chief Transformation Officer as of January 15, 2018, and Head of the Americas region as of April 1, 2018. Once her nomination is approved by the Supervisory Board on February 9, 2018, she will also join the Board of Management of Euler Hermes as of April 1, 2018.
For people decidedly glum about the fortunes of their generation, millennials remain incredibly upbeat about their personal prospects, finds an Allianz study on millennials and their work attitudes and expectations
The new European identification, registration and data platform Verimi welcomes further support: Giesecke+Devrient (G+D), world market leader for the validation of payment transactions, identification, connectivity and data becomes a new shareholder.
The average cost of a major recall is $12 million – and the number of incidents is set to rise as new technologies add more complex layers to products, says a new report by Allianz Global Corporate & Specialty...
Euler Hermes, the world’s leading trade credit insurer, today announced the French launch of TRIBRating, a new rating service specifically designed for SMEs and MidCaps, offered by Euler Hermes Rating.
Allianz Partners (with its commercial brand Allianz Automotive) and Scania CV AB Financial Services have concluded a global cooperation agreement in June 2017. The cooperation comprises Scania branded motor insurance solutions for Scania customers.
Product-related risk is one of the biggest perils facing businesses today, with recall exposures having increased significantly over the past decade, bringing the potential for larger and more complex losses than ever before, warns insurer Allianz Global Corporate & Specialty (AGCS) in a new report.
How can we better understand the way climate change is shaping extreme weather events? And how do we foster resilience around the world against these risks by applying modern technological solutions? These questions were at the core of the first edition of the Allianz Climate Risk Research Award.
Allianz today launched its Global Explorer Program: a series of global and local partnerships, digital and physical activations and crowd-generated content platforms that calls out to curious minds around the globe to explore, connect and share how disruptive technologies can drive a more sustainable way of life for humans.
German millennials hate open offices, Chinese and Indian millennials love it, while U.S. millennials are the greatest fans of remote work, according to a new Allianz survey...
Allianz announces having entered into share purchase agreements with shareholders representing 11.34% of Euler Hermes share capital on November 24, 2017 for a price of 122 euros per share in cash, as a result of which Allianz will own 74.34% of Euler Hermes share capital and voting rights.
Ugandan human rights lawyer Nicholas Opiyo was last night awarded the 2017 German African Prize by the President of Germany, Frank-Walter Steinmeier, during a ceremony at the Allianz Forum in Berlin...
Allianz X, the venture unit of the Allianz Group, announced today strategy and leadership changes intended to prepare the entity for long-term success.
After years in the doldrums, global trade has finally caught a decent tailwind. After an increase of 4.3 percent this year global trade could expand by 3.9 percent in volume next year. This would represent an increase in value of 6.3 percent and 7.5 percent, projects Allianz.
Millennials believe the world is more difficult and complex than their parents faced at the same age and are gloomy about the career prospects of their generation. They expect artificial intelligence and robotics to disrupt the workplace, and that employment insecurity and pressure in the workplace to perform will increase.
Allianz SE has resolved on a further share buy-back program as the current share buy-back program of up to 3 billion euros decided on February 16, 2017 is drawing to a close. The volume of such further program will amount to up to 2 billion euros. The program shall start beginning of 2018 and be executed in the first six months of 2018.
Allianz Group reported good results for the third quarter of 2017 after a series of hurricanes, storms and other natural catastrophes drove claims higher. Total revenues rose 2.1 percent compared to the third quarter of 2016 to 28.3 (third quarter of 2016: 27.7) billion euros, mostly due to another strong performance in the Life and Health business segment. Operating profit declined to 2.5 (3.0) billion euros, largely due to 529 million euros losses from natural catastrophes.
Allianz has announced the official opening of its Beijing branch office, strengthening its presence across China and enhancing its ability to serve more customers in the world’s fastest-growing insurance market.
Small is indeed big for the COP23 conference under way in Bonn as climate change threatens to displace 70 million people living in small island states....
Being open to relocating to explore opportunities could be the key to career success in the future. The good news is that most millennials are aware of how important mobility is...
Russian gross domestic product (GDP) is set to grow by 1.9 percent, the oil price will move to $56 per barrel, Russian exports are set to increase by $26 billion, and both insolvencies and the negative impact of international sanctions on investment will decline in 2018, forecasts Euler Hermes, the world’s leading trade credit insurer. With this background demand for trade credit insurance is set to grow.
The new IFRS accounting standards will come into play in 2021, changing the way insurance policies and contracts are assessed. So what will change? Find out...
The new General Data Protection Regulation (GDPR) data privacy rules to be introduced in the European Union in May next year will dramatically change the relationship between insurers and their customers...
Today, your online life can also determine your offline life. With recruiters logging on to social media with increasing enthusiasm, it’s time to put your best virtual face forward. Here’s how...
Allianz Taiwan Life Insurance Co. Ltd announces that it has reached an agreement to sell a part of its traditional life insurance portfolio to China Life Insurance Co., headquartered in Taipei, Taiwan.
A series of devastating wildfires in Portugal have killed 64 people since June. In August, Canada had its worst fires since 1958, and the deadliest wildfires in the history of California raced across the forests and the vineyards of the Napa Valley in October. More than 5,700 buildings have been destroyed, 213,000 acres of land scorched and 41 people have died so far. Why are they so devastating?
When Harry met Allie, a career took off. Meet our sweet, affable chatbot, who loves to talk to job seekers about the opportunities Allianz has to offer. You can find her on the Facebook page of Allianz Careers, where she helps people navigate through the multitude of job offerings.
Solunion, experts in credit insurance, will offer its clients the full range of Transactional Cover Unit (TCU) products from Euler Hermes, its joint shareholder with MAPFRE. The tailor-made policies are designed to safeguard against default and political risks, including those arising from short, medium and long-term contract interruptions and issues with credit and bank financing.
From I, Robot to Transformers, Hollywood has shown us the best and worst of robots. In the future, will machines leave us jobless or allow us to tap a higher potential? It’s up to societies and employers to develop tools to support workers as the workplace evolves...
Carsten Quitter will become Allianz Group Chief Investment Officer (Group CIO) and, as Managing Director, will take over as Co-Lead of Allianz Investment Management SE (AIM) on January 1, 2018. He will replace Andreas Gruber, who is leaving at his own request after 29 years at the Allianz Group to retire.
In the latest Thomson Reuters Diversity & Inclusion Index published today, Allianz ranks 18th out of 6,000 publicly traded companies, making it one of the most diverse and inclusive workplaces worldwide.
Still wary of the stock markets after the global financial crisis, private investors are parking their funds in banks. But inflation and low interest rates are eroding their savings, warns the Allianz Global Wealth Report…
Digitalization provides a lot of new opportunities. Unfortunately, the danger of the IT systems being attacked by hackers also increases with it. Ralf Schneider, Group CIO of Allianz, sees protecting these systems with robust defense mechanisms as one of his most important challenges. In a recent interview to German magazine Digitale Welt, he discusses the cyber threat landscape that global corporations face and the foundation for a solid cybersecurity strategy…
With “Ask Anything” sessions and soapboxes, Allianz's Global Digital factory is the place where a 127-year-old insurance company becomes a garage business...
From blockchain to Global Digital Factory, there's much happening around Allianz in term of digitalization. Our efforts are also making news. Here's a quick roundup at some of the recent media coverage the topic has received...
Internet of Things, artificial intelligence, bots, Big Data – digitalization has given the world a number of buzzwords. But what does digitalization really mean for a global company like Allianz and its customers? In an interview with Digitale Welt in June, Allianz Chief Operating Officer Christof Mascher dives deeper into the topic.
Allianz Global Investors, one of the world’s leading active investment managers, announced today that George McKay, its Co-Head, Global Head of Distribution and Global Chief Operating Officer (COO) will step down from executive responsibilities in April next year.
Social startups need a leg-up to build a resilient society. The Allianz ‘Encouraging Future Generations’ program seeks social entrepreneurs looking to empower children and youth in four countries...
Social, cultural and especially technological developments are dramatically altering our notion of work. In the next few weeks, we will examine how the concept of ‘work’ is changing in the world around us – and in our company. But before that, let's trace what has already changed...
For the seventh consecutive year, Allianz has climbed the Interbrand ranking of the 100 most valuable brands in the world. The Allianz brand came 49th in this year's “Best Global Brands Ranking”. Increasing the brand value by 6 percent, Allianz can now post a brand value of $10.059 billion for 2017.
The Blockchain Insurance Industry Initiative B3i announces the expansion of the group, with 23 new entrants joining its Market Testing program. This follows the successful launch of a working market testing prototype at the Monte Carlo RVS conference on September 10, 2017.
Allianz unveiled the eighth edition of its "Global Wealth Report", which puts the asset and debt situation of households in more than 50 countries under the microscope. 2016 was politically a very turbulent year, but private wealth shrugged it off:
Allianz Global Corporate & Specialty SE (AGCS), Allianz Group’s specialist carrier for corporate insurance business, has teamed up with Silicon Valley-based cyber risk analytics and modeling firm Cyence to boost its global cyber risk analysis capabilities.
Allianz SE, the international financial services company headquartered in Munich, and its asset management subsidiary, Allianz Global Investors, have announced the successful completion of the sale of Allianz Global Investors Korea to Anbang Group Holdings.
Few can deny that Chancellor Angela Merkel has benefited from Germany’s recent economic prosperity. But as elections near, it’s important to remember that measures are still required to enhance the country’s growth potential…
