Wildfires in California have burnt through 820,000 acres so far this year. As the U.S. state battles the blaze, is it time to accept that bigger and more frequent wildfires are the new normal?
Allianz and StreetScooter now enable business customers to start into electric mobility with greater ease. Allianz is offering third-party liability and comprehensive insurance for vehicles from StreetScooter GmbH, a subsidiary of the world's leading logistics provider Deutsche Post DHL Group.
The holiday season means Germany's airports are becoming much busier. Consequently accidents on the tarmac, in the airport building or in the parking garages are not uncommon, as an analysis by Allianz Global Corporate & Specialty (AGCS) reveals. As one of the largest airport insurers in Germany, AGCS surveyed loss events at the country's airports in 2017. The result – it is vehicles like baggage trolleys, not aircraft, which are at particular risk on the tarmac. However, passengers should also be wary.
Euler Hermes, the world’s largest trade credit insurance company, is revolutionizing the market with a brand new concept: offering individual invoice insurance to SMEs. Sweden’s exporting SMEs can now assess the credit worthiness of potential business partners in 24 European countries and protect their payments online in less than two minutes.
Allianz today announces a new initiative as part of its diversification strategy that significantly increases its exposure to the student housing sector and the UK market.
Before the 2018 FIFA World Cup kicks off in Russia, one essential item needs to be in position – and it’s not the ball. Big or small, international or local, sporting events have an even bigger supporter - insurance. In fact, you can call it the ‘enabler’. “Without insurance there would be no World Cup, no Olympics or little organized competitive sport at all,” says Michael Furtschegger, Head of Entertainment International at Allianz Global Corporate & Specialty (AGCS). “For, few would take on the risk required to stage an event, particularly one the size of the World Cup.”
Allianz Group and UniCredit have signed a long-term cooperation agreement in the Central and Eastern Europe (CEE) region. With this agreement, which will gradually start in the second half of 2018, UniCredit will exclusively partner with Allianz in providing its customers access to life, property and casualty insurance in Bulgaria, Croatia, Czech Republic, Hungary, Romania, Slovenia and Slovakia.
Allianz, one of the world’s largest insurers, and PIMCO, one of the world’s premier fixed income managers owned by Allianz, have announced the launch of a new business in Australia, Allianz Retire+ Powered by PIMCO, to deliver the next generation of retirement income solutions.
The day isn’t far when a smartphone app helps you unlock your car. But with the convenience of a virtual key come the challenges. Will losing your phone also mean losing your car?
The Allianz Group is significantly expanding its climate strategy and has announced commitments to actively support the global change to a low-carbon economy over the coming decades.
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...
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.
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..
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.
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?
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.
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...
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.
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.
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.
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.
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 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.
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.
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.
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.
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
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.
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.
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.
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...
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.
Nomadic professionals, chronic travelers and incidental tourists, there are people who enjoy being constantly on the move. But what worries these wanderers?
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?
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.
‘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?
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.
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...
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...
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.
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.
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?
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.
Allianz Worldwide Partners and EasyMile have signed an International Framework Agreement to establish insurance solutions for EasyMile’s shared driverless transportation projects as of January 1, 2017. Since the start of the worldwide cooperation, first projects have already been launched in Germany, Norway and the United States.
Allianz Real Estate has reached 50 billion euros global portfolio following new investments of 5.8 billion euros in 2016 and the company has expanded its footprint into the United Kingdom
What does a flood-hit family have in common with the longest cable car in the world? Allianz as a supporter. Find a range of fascinating stories of our customers in the latest client report by Allianz Deutschland.
The Allianz Group officially announced its presence in the Moroccan market, launching Allianz Maroc. The company has officially been a part of the Allianz Group since Nov 3, 2016 following the acquisition of 98.9 percent of Zurich Assurances Maroc and after obtaining the relevant regulatory approvals.
Allianz and MUFG, one of the world’s leading financial groups, have together invested tax equity in the Great Western wind park developed and owned by EDF Renewable Energy (EDF RE), one of the leading wind project developers in the United States.
The leading global investment management firm has named Kimberley Stafford, Managing Director and current Global Head of PIMCO’s Consultant Relations Group, as the new Head of Asia-Pacific
Allianz has invested tax equity in the Kelly Creek wind project developed and owned by EDF Renewable Energy (EDF RE), one of the leading wind project developers in the United States. Allianz is the sole tax equity partner in the project.
Allianz will be the new insurance partner of HypoVereinsbank (UniCredit Bank AG) from January 1, 2018. From 2018, retail and corporate customers of HypoVereinsbank will be able to benefit from the broad range of products and services from Allianz
The “Internet of Things” is a part of the “Industry 4.0” movement which makes up the fourth industrial revolution, the age of digital power. Connecting production and products to automation and data exchange opens up new business areas for traditional suppliers. The insurance sector is taking part in this transformation.
The Atlantinc hurricane season starts in June and lasts until end November. Dr. Sarah Abelen from Natural Catastrophe Risk Management at Allianz Global Corporate & Specialty (AGCS) explains the major risks.
Putting on lipstick, calling a friend or catching a Pokémon on the street corner: Harmless situations can easily turn into dangerous distractions when driving.
Emmanuel (Manny) Roman (52) will become Chief Executive Officer at Pacific Investment Management Company LLC (PIMCO), an Asset Management subsidiary of Allianz, as of 1 November 2016. He will take over responsibilities from Douglas (Doug) Hodge (58), who steered PIMCO through a phase of rapid change.
The storms and heavy rainfalls across France and German have caused considerable damage. What should Allianz customers do if they were affected and need to file a claim?
On June 1st, the longest tunnel in the world will open in the Swiss Alps. It has taken 17 years to complete. Allianz with its entities Allianz Swiss, Euler Hermes and Allianz Global Corporate & Specialty has been a lead insurer from start to finish.
Almost 20 percent of Americans are hoping to win the lottery to finance their retirement. The odds are bigger they will be killed by a meteorite. Here are five tips on how to boost retirement income.
What’s sixty feet longer than an Airbus 380, larger than a football field and can lift 10 tons? The largest and oddest-looking aircraft in the world: the Airlander 10.
Convenient, secure and environmentally friendly: connected mobility promises to do a world of good and took center stage at the fourth Allianz Auto Day. Manfred Knof, Chairman of the Board of Management of Allianz Deutschland, called for fair access to vehicle data for all market participants.
In a keynote speech at the Global Conferences of technology fair CeBIT, Oliver Bäte explained the need for industries to transform, using Allianz as an example. For Bäte, the crucial point is understanding the needs of the customer.
Marilynne is the type of person who always looks on the bright side of life. When her mother died of cancer, Marilynne was grateful she hadn’t suffered. It wasn’t until a year later, when her home was broken into that Marilynne finally broke down.
As the saying goes, “A lock only keeps honest people out.” Anyone who really wants to break into your home will. Most likely, a burglar isn’t targeting you in particular. He’s looking for an easy mark. Don’t put out the burglar welcome mat. Here are some tips to make your home unappealing to burglars and precautions to take in case they should they get in.
The UK is certainly no stranger to experiencing wet weather; however, December 2015 has seen storms Desmond, Eva and Frank cause devastating disruption to thousands of homes and businesses in just under three weeks.
Allianz has taken a further step in its growth strategy in Africa and will start operations in Kenya. Kenya is the twelfth country where Allianz Africa is present. Allianz is already among the leaders of the market in Benin, Burkina Faso, Cameroon, Central Africa, Ivory Coast, Ghana, Madagascar, Mali, Republic of Congo, Senegal and Togo. The insurance business in Africa is run by Allianz Africa, a subsidiary of Allianz France.
“Startups offer a tremendous source of digital innovation and untapped efficiencies to the financial industry” says Marc Oerke, Head of Allianz Digital Corporate Ventures. He is screening startups, talking to their founders. And sometimes he invests. Three deals were recently closed: with Argus Cyber Security, QuanTemplate and Urgent.ly. In our interview he explains why Allianz invested in these companies and why startups and the whole ecosystem around them are so important – even vital – for the insurance business of the future.
Allianz Real Estate together with its joint venture partner, Hammerson plc, has signed an agreement with Ireland’s National Asset Management Agency (“NAMA”) to acquire the Project Jewel portfolio of loans secured against market-leading retail assets in Dublin, Ireland, including Dundrum Town Centre (“Dundrum”), Ireland’s pre-eminent shopping and leisure destination.
When historian Stefan Pretzlik dug into the archives of Allianz he made an unexpected discovery: Allianz had started microinsurance very early in Germany: in 1926.
While scientists cannot provide a conclusive answer to the question of how climate change impacts storms, most agree severity of windstorms will change in future. Based on Allianz experience the severity of losses from weather events including windstorms is already increasing. The average amount paid for extreme weather events including windstorms by insurers between 1980 and 1989 totaled $15bn a year. Between 2010 and 2013 this rose to an average of $70bn a year.
Have you ever imagined a good deal turning bad? That’s what could happen to anyone who buys counterfeit goods on vacation. As summer vacations draw near, Allianz Global Assistance offers advice on how you can protect yourself from buying imitations.
Four kinds of travelers emerged in recent years according to a study by Allianz Global Assistance (AGA). The comfort traveler, the active traveler, the money smart traveler and the stress traveler. You want to know which type you are? You can easily find out by answering the questions in our test. AGA conducted this study via their #Helpme Forums Observatory which, since 2009, has been documenting concerns expressed by Internet users in 32.5 million conversations on travel forums in eleven countries.
