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…
The Supervisory Board of Allianz Deutschland AG today named Dr. Klaus-Peter Röhler as Chairman of the Management Board (CEO) and successor to Dr.Manfred Knof, effective January 1, 2018. The Allianz Italia Board of Directors decided to appoint Giacomo Campora, 50, as CEO of Allianz Italia as of January 1, 2018.
Under the name “Allianz Multinational,” Allianz is bundling its expertise for international insurance solutions from the property and casualty insurance sectors across the Group. Companies operating on a cross border basis – regardless of size – can access international insurance products tailored to their unique market and risk profiles through a central source.
Over 30 teams from Allianz group entities competed for funding for their chosen social development projects for children and youth. What made the five winners stand out?
China and India are in pole position as the race intensifies for global vehicle sales in a rapidly shifting industry set to exceed 100 million annual sales in 2019, according to Euler Hermes, the world’s leading trade credit insurer.
Who says work and play can’t mix? In fact, they can mix even before you start work. At Allianz, we have developed a new way for job seekers to find out to what extent they have the values we seek in potential employees. The ‘play’ part? A fun, interactive tool introduces job seekers to these values through one of Allianz’s fastest developing new business areas – drone insurance.
Euler Hermes delivered a winning presentation on the potential of artificial intelligence (AI) to revolutionize the trade sector at the recent ‘TXF 2017’ conference in New York. Competing in an “X-Factor” style competition against IBM and Microsoft presenters, Christophe Spoerry, co-founder of the Euler Hermes Digital Agency, successfully pitched to a panel of judges and audience voters about why AI will have the greatest impact on the trade sector.
B3i, the Blockchain Insurance Industry Initiative, announces launch of market beta-testing of its reinsurance blockchain prototype. The group of fifteen global insurers and reinsurers participating in the B3i initiative has been working on a joint distributed ledger for reinsurance transactions driven by blockchain technology.
Oliver Bäte, CEO of Allianz SE, opened the 44th annual Insurance Conference in Sun City, South Africa, with a keynote address on the conference theme "Disrupt, Debate, Deliver". In his speech, Bäte addressed the profound transformation of the insurance industry wrought by digitalization.
The damage bills from hurricanes like Harvey or its successor, Irma, amount to billions. But these could be far smaller in comparison to the costs of business interruption.
UK automotive exports could fall by £3.5bn if a Brexit deal isn’t secured and ratified by March 2019, warns the global leader in trade credit insurance, Euler Hermes.
What direction is the storm taking? Has the highest water level already been reached or are waters still rising? Which companies have already reported damages? ...
Euler Hermes, the world’s leading trade credit insurer, has announced an innovative partnership with fintech credit risk analysis company, CRiskCo. With a focus on revolutionizing factoring, trade and supply chain finance, CRiskCo uses state-of-the art artificial intelligence (AI) credit analysis and fraud detection processes.
As Texas braves the fury of Hurricane Harvey, here’s looking at the various aspects of natural catastrophes and how Allianz helps its clients prepare for and recover from such storms...
Hurricane Harvey was not a surprise. But as it slammed into the coast of Texas, it dumped 9 trillion gallons of water on the greater Houston area. Allianz Re’s natural catastrophe (NatCat) risk experts Katherine Wenigmann and Jonathan Meagher explain why this is an unusual extreme.
Allianz Group announced a binding agreement to acquire 98 percent of Nigerian insurer Ensure Insurance Plc from its core shareholder Greenoaks Global Holdings Ltd (GGH). Ensure Insurance Plc offers life and non-life insurance services and generated 11 million euros in gross premiums written in 2016.
With the Houston metro area in Texas still experiencing the fury of Hurricane Harvey, Steve Kennedy, Regional Head of Property, Energy and Engineering Claims for North America at Allianz Global Corporate & Specialty, explains how Allianz helps its commercial clients both prepare for and recover from such storms
The cross-industry registration, identification and data platform partnered by leading German and European companies is taking shape. The platform now has a name: verimi, a combination of the words “verify” and “me”. The platform venture is well on schedule and will go live with an online digital “master key” (Single-Sign-On) at the turn of the year 2017-18.
The Supervisory Board of Allianz Austria has appointed Rémi Vrignaud as the new Chairman of the Board of Management with effect from August 25, 2017. He will take over from Wolfram Littich, who has been successfully heading up the Allianz companies in Austria since 2001.
While global gross domestic product (GDP) growth accelerated to its highest level in two years in the first half of 2017, some of the world’s economic engines are out of sync, according Euler Hermes, the world’s leading trade credit insurer.
With human error behind 75 percent of marine liability losses, there are hopes that autonomous vessels can improve shipping safety. What are some of the potential implications of a crewless life on the open waves?
Allianz has entered into a co-investment agreement with the Keppel Group to acquire a 100 percent stake in Hongkou SOHO, located in Shanghai’s Hongkou District. Keppel Group’s AAMTF III will hold a 40 percent stake and the remaining 60 percent will be equally split between Allianz and Keppel Land China.
Allianz clients are already benefiting from the recent strategic partnership signed between Allianz and Brokerslink, a company of brokers and risk consultant firms. Small and mid-sized enterprise clients of Brokerslink in 95 countries now have better access to Allianz solutions. Allianz provides worldwide expertise and market access.
FC Bayern has inaugurated its new campus, which will offer training grounds for both the youth and women’s teams of FC Bayern Munich and also for the Allianz FC Bayern Academy, a joint initiative of FC Bayern and Allianz.
Allianz and FC Bayern have kicked off the ninth Allianz Junior Football Camp this week, offering children from 25 nations the chance to learn and play with the best of the best. FC Bayern will again host the camp on its famous training grounds, this year between August 17 and 22.
Euler Hermes, the world’s leading trade credit insurer, has launched Surety – including performance and payment bonds – in its Americas region (the United States, Canada and Brazil). With nearly 100 years of global surety and bonding history, Euler Hermes is one of the world’s most experienced surety providers.
Euler Hermes, the world’s leading trade credit insurer, announces two senior executive appointments in its Asia Pacific region. Clemens Philippi is appointed chief executive officer of Euler Hermes ASEAN, with responsibility for the company’s activities in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Benoit Ganzmann has been appointed chief executive officer of Euler Hermes China, based in Shanghai.
Euler Hermes, the world’s leading trade credit insurer, has issued an assessment of the progress the world has made a decade on from the onset of the Global Financial Crisis (GFC). “After one of the most tumultuous decades in both living memory and by any historical measure, we are seeing overall global stability and economic recovery finally beginning to gather steam,” said Ludovic Subran, chief economist at Euler Hermes.
Allianz employees have raised 500,000 euros for SOS Children’s Villages International as part of a fundraising drive that saw Allianz runners cover 1.37 million kilometers...
Climate disruptions are increasing, impacting many industries. Among the hardest hit could be agribusiness, especially wineries, which depend on stable soils and climatological consistency. How can insurers help worried vintners and oenophiles?
Thomas Naumann, the Chief Strategist of Allianz, discussed success-critical decisions in the digital age with the editors of Versicherungswirtschaft, a German magazine focused on the insurance industry.
Allianz Group and Liverpool Victoria Friendly Society (LV=) have agreed to launch a joint venture and a longer-term strategic partnership in the UK, creating a general insurance business with over 6 million customers and gross premiums written in excess of 1.7 billion pounds.
Allianz achieved very good results in the second quarter of 2017. Total revenues grew by 2.0 percent to 30.0 billion euros. All business segments contributed to this increase with the majority coming from our Life and Health business segment. Operating profit amounted to 2.9 billion euros, an increase of 22.9 percent, supported by all business segments, in particular by our Property and Casualty business.
Allianz Capital Partners and Canada Pension Plan Investment Board, through its wholly owned subsidiary, CPP Investment Board Europe S.a.r.l., signed an agreement with Gas Natural Fenosa to acquire a 20 percent minority equity interest in its gas distribution business in Spain.
Last month, Allianz SE CEO Oliver Bäte visited Africa, opening the 44th annual Insurance Conference in Sun City, South Africa with a keynote address on the conference theme "Disrupt, Debate, Deliver". In his speech, Bäte addressed the profound transformation of the insurance industry wrought by digitalization. A roundup of his trip...
The United States represents the largest final consumer market with nearly 30 percent of global household consumption. As it contemplates more protectionist policies, the world may have to find itself a substitute. China is a strong candidate thanks to its economic size and growth track record, according to a research note by Allianz.
Munich will play host to the renowned Digital Insurance Agenda (DIA) for the first time through the efforts of Allianz, one of the driving forces behind the new InsurTech Hub Munich consortium. The must-see event on InsurTech and innovation will take place on November 15 and 16, 2017 at the Eisbach Studios.
Wingly, a flight-sharing platform for small aircraft supported by AGCS, has taken carpooling aerial, connecting passengers with civil pilots looking for more air time...
A consortium made up of Allianz, EDF Invest and DIF has completed the acquisition of a 6.94 percent stake in Autostrade per I’Italia, the largest Italian toll road network which is majority owned by Atlantia, the listed global operator of motorway and airport infrastructure. This is an increase from the binding agreement to acquire a 5 percent shareholding announced in April 2017 by use of a call option to acquire additional shares.
Based on preliminary figures, Allianz Group achieved a 23 percent increase in operating profit in the second quarter of 2017 to 2.9 billion euros (second quarter of 2016: 2.4 billion euros). Total revenues rose 2.0 percent to 29.994 (29.402) billion euros in the second quarter. Net income attributable to shareholders rose 83.4 percent in the second quarter to 2.0 (1.1) billion euros.
Allianz Life Insurance Company of North America, a member of the Allianz Group, and Minnesota United FC today announced a multi-year naming rights sponsorship agreement for the team’s new soccer stadium in St. Paul, Minn., which will be known as Allianz Field.
PIMCO, a leading global investment management firm, has established an Australian-based taskforce with Allianz, PIMCO’s parent company and one of the world's largest insurers, to offer innovative retirement solutions to the Australian marketplace.
Oliver Bäte, CEO of Allianz SE, opened the 44th annual Insurance Conference in Sun City, South Africa, with a keynote address on the conference theme "Disrupt, Debate, Deliver". In his speech, Bäte addressed the profound transformation of the insurance industry wrought by digitalization.
Allianz SE, one of the world’s largest insurers, particularly in motor insurance, is pleased to announce the extension of the partnership as an Official Partner of the FIA Formula E Championship for another five seasons.
Nomadic professionals, chronic travelers and incidental tourists, there are people who enjoy being constantly on the move. But what worries these wanderers?
The Blockchain Insurance Industry Initiative B3i will present its newly developed prototype smart contract management system at the 2017 Monte Carlo RVS conference. B3i is an initiative of 15 members of the insurance industry, launched in October 2016 to explore the potential use of the distributed ledger technology and develop common standards for the industry.
World Para Athletics and world leading insurer and financial services provider Allianz SE have extended their global partnership agreement until the end of 2018, and secured an option to extend the deal through to 2020.
Political risk is noticeably higher now than it has been in decades. But financial markets are rushing from one high to the next. What are the reasons for this disconnect? Allianz Economic Insight offers some answers...
Data volume is growing but extracting insights from unstructured publicly-available information can be daunting. Praedicat, an insurtech company AGCS has partnered with, is using Big Data modeling to predict future risks...
Traveling with kids, be it teething toddlers or tantrum-loving teenagers, is never easy. But going two decades without a vacation is hardly an option. So how do you deal with the challenges and whom do you turn to for help?
Euler Hermes, the global leader in trade credit insurance, recently presented its latest analysis on Africa’s economic performance at a ‘Risk Frontiers 2017’ conference in London. Highlights of the speech by Stéphane Colliac, chief economist for France and Africa with Euler Hermes.
Allianz Real Estate has announced the formation of a joint venture with Columbia Property Trust. Together, they will pursue the acquisition of Class-A office properties located in select markets in the United States. Allianz Real Estate of America, based in New York, is responsible for executing portfolio strategies in the Americas on behalf of a number of Allianz Group insurers. The closing on the first assets occurred July 6.
Despite a new record being set for non-financial company cash hoarding, continued high payment delays and a sharp rise in major insolvencies (companies with > 50 million euros turnover) demonstrate that global economic momentum is not without its challenges, according Euler Hermes, the world’s leading trade credit insurer.
Recovery in the insurance market is on track, with global life and property and casualty premiums set to grow nearly 6 percent annually over the next decade, estimates an Allianz study
Despite political uncertainties, the UK and the U.S. remain attractive investment destinations for renewable energy, finds the Allianz Climate and Energy Monitor...
‘Voluntourism’ is fast catching on among those who want to build a better world as they go about building good memories. What makes volunteer travel so attractive?
As Brexit looms, France and Germany are set to take the reins of the European Union’s future. A study commissioned by Allianz gauges the current economic and political sentiment in the two nations...
Euler Hermes, the world’s leading trade credit insurer, has announced an innovative partnership with fintech credit risk analysis company, CRiskCo. With a focus on revolutionizing factoring, trade and supply chain finance, CRiskCo uses state-of-the art artificial intelligence (AI) credit analysis and fraud detection processes.
A transition deal on goods and services between the United Kingdom and the European Union is needed to prevent a possible sharp rise in the number of UK business insolvencies in 2019, according to Euler Hermes, the world’s leading trade credit insurer.
Put your wings to test with an adventure trip this season. But don’t forget to set up a safety net before dashing off in search of that adrenalin rush...
Allianz has announced the appointment of Joos Louwerier as Country Manager & CEO, Allianz Life Indonesia, where he will oversee the growth strategy and have overall management responsibility of all Allianz operations in Indonesia. Joos succeeds Joachim Wessling, who is stepping down to pursue external opportunities.
Backpacking packs quite the punch - if you do it right. Here are some things that you should think about before heading out to explore your inner and outer worlds...
Large shipping losses have declined by 50 percent over the past decade, largely driven by development of a more robust safety environment by ship-owners, according to Allianz Global Corporate & Specialty SE’s (AGCS) fifth annual Safety & Shipping Review 2017.
Euler Hermes, the world’s leading trade credit insurer, announced the launch of TRIBRating, a new rating service specifically designed for SMEs and the ‘Mittelstand’ (MidCaps), to be offered by its subsidiary, Euler Hermes Rating.
PIMCO, a leading global investment management firm, has named Robin Shanahan and Peter Strelow, both Managing Directors, as Co-Chief Operating Officers. They will report to PIMCO’s Chief Executive Officer Emmanuel Roman.
Hire a hurdy-gurdy, parade your prized llama and plan that Bollywood-inspired wedding. Believe it or not, there are insurance covers for all these and a lot more than you imagined...
Euler Hermes, the world’s leading trade credit insurer, announced the rollout of its innovative new “EH Sync” portal. Developed in close collaboration with brokers, its features include an advanced mobile-ready, digital interface with 360° policy data views and real-time customized alerts.
French President Emmanuel Macron should focus on job creation and business climate reforms to take the economy to the next level, believes fellow countryman and Allianz economist Ludovic Subran...
Allianz Italy has signed an agreement to rebrand Juventus stadium with the renowned Juventus Football Club and Lagardère Sports Group, which currently holds the naming rights for the Turin stadium owned by Juventus.
Allianz and Capital One are investing tax equity in the recently completed Broadview Wind Farm, located along the New Mexico-Texas border. The wind project is owned by Pattern Energy Group Inc.
It’s not just online shopping but a customized and individual consumer experience that millennials and Gen Z shoppers want, says the Euler Hermes 'Retail, Disrupted: Pressure and Potential in the Digital Age' special report...
Euler Hermes interviewed more than 1,000 French small-medium enterprises and large businesses about their investment intentions, cash flow status and January-April 2017 order books. The fourth edition of the annual investment barometer provides an exclusive analysis of the current situation facing French companies, and of the demand and investment outlook for the next five years.
The recent WannaCry ransomware attack made a lot of companies wanna cry. As such attacks become more frequent and gain scale, cyber insurance promises to be the next big blockbuster in the insurance industry, says Hartmut Mai, Chief Underwriting Officer for corporate lines at Allianz Global Corporate & Specialty (AGCS).
Euler Hermes, the world’s leading trade credit insurer, is launching Advanced Payment Protection (APP) to help businesses protect themselves against non-delivery of pre-paid goods and services.
Allianz Group recorded total revenues of 36.2 (first quarter of 2016: 35.4) billion euros in the first quarter of 2017, with all segments contributing to the 2.5 percent increase. Operating profit grew by 9.4 percent to 2.9 billion euros, driven by a strong performance of the Life and Health and Asset Management business segments.
Driverless cars, robots, 3D printing, borderless digital businesses and innovations such as drones all promise to transform our world, but are accompanied by unforeseeable risks. Allianz Global Claims Review does a reality check...
Leading German and European companies have stated their intention to cooperate more closely to establish a joint, pan-industry platform for online registration, e-identity and data services. The initiative was set up by Allianz, Axel Springer, Daimler and Deutsche Bank with Postbank as well as the technology think-tank Core, and Here Technologies, the location services provider.
Allianz Australia Limited today named Richard Feledy as its new Chief Executive Officer, effective January 1, 2018. Mr. Feledy, currently the Chief Technical Officer of Allianz Australia, will succeed Niran Peiris, who will join Allianz SE’s Board of Management with effect from January 1, 2018.
The 8th edition of the Africa Economy Builders Awards recognized Delphine Traoré Maïdou as 'CEO of the Year' for the significant contribution she made to Africa’s economy as CEO of Allianz Global Corporate & Specialty (AGCS) Africa from 2012 to 2017 based in Johannesburg, South Africa.
Based on preliminary figures, Allianz Group achieved total revenues for the first quarter of 2017 of 36.2 (first quarter of 2016: 35.4) billion euros. This represents an increase of 2.5 percent compared to the prior-year quarter.
The Annual General Meeting of Allianz SE has elected a new Supervisory Board today with Michael Diekmann to replace Dr Helmut Perlet as Chairman. In addition, Sophie Boissard, Chairwoman of the Board of Management of Korian S.A., Paris, and Herbert Hainer, former CEO of adidas AG, have been newly appointed as members of the Supervisory Board.
Allianz, together with its consortium partners has reached an agreement to acquire 100 percent of the equity interest in Affinity Water. Affinity Water is the United Kingdom’s largest water only supply company by revenue and population served.
The Board of Directors of Atlantia, the listed global operator of motorway and airport infrastructure, has accepted a binding offer by Allianz, EDF Invest and DIF to acquire a 5 percent stake in Autostrade per l’Italia, the largest Italian toll road network. The transaction is subject to signing of final contracts over the next days and fulfilment of the conditions precedent therein.
The road to fully autonomous driving is paved with good intentions and a number of potential bumps. Should the insurance industry expect rising claims costs?
In its latest study, Allianz SE and Euler Hermes analyze the impact of monetary normalization on debt service payments of the private sector in the eurozone. In contrast to the public sector (and big companies), the bulk of smaller companies and households cannot shield themselves against rising rates by issuing long-term debt, locking in current ultra-low interest rate levels.
Allianz’s recent investment in Lemonade Insurance Company, an insurer powered by artificial intelligence and behavioral economics, reinforces our commitment to digitalization...
As the political landscape in the United States changes, China and India are poised to lead the renewable energy investments market, says the Allianz Climate & Energy Monitor...
Fear a bout of serious illness on your upcoming summer cruise? Don’t. The virtual physician is always in. Powered by fast Internet connections, linked to smart devices and supported by changing insurance standards, telemedicine will lead insurance more in the direction of healthcare services, says Allianz Worldwide Care CEO Ida Luka-Lognoné.
From ESG scoring to climate change, from social inclusion to emerging consumers, read all about our sustainability initiatives in the Sustainability Report 2016...
The new U.S. administration’s proposals place America in a race between growth and debt, say Allianz economists Mohamed A. El-Erian and Michael Heise. What does that mean for the under-40 generation?
Modern corporate liability exposures can arise from a growing number of sources and have the potential to result in larger and more complex losses for businesses than ever before, warns Allianz Global Corporate & Specialty (AGCS) in a new report 'Global Claims Review: Liability in Focus'.
PIMCO, a leading global investment management firm, has hired Gregory Hall as Managing Director, Head of Private Strategies. He will manage PIMCO's private strategies, which include a number of real estate, distressed, opportunistic and credit strategies in private equity vehicles.
What is the UK government’s Brexit strategy and key issues in the exit talks? How will Brexit affect UK companies and its financial markets? What is the long-run impact of Brexit? Allianz economists provide some answers...
Workplace diversity - be it gender, cultural or social – allows a company to reach its full potential. Thanks to its initiatives, Allianz has a healthy mix of employees, shows our HR Fact Book 2016.
Encouraging the development of emerging economies and micro businesses is a big step in social inclusion. Here’s how Allianz contributes to the conversation...
