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.
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.
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.
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.
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.
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.
Allianz Global Assistance (AGA) is the specialist for travel insurance and assistance services within the Allianz Group, covering everything from currency to travel insurance cover from Greece to Tunisia and even for countries for which travel warnings have been issued. AGA has 5 tips for a safe and worry-free summer holiday.
Jul 22, 2015 |
New indicator examines if today’s employees can expect an adequate retirement income in the future / Top 3 of 49 countries: The Netherlands, Denmark, Norway; Germany on rank 13 / Malaysia, India, Indonesia last in ranking More...
Who pays if a sheepdog eats his fill from a pond full of koi carp or a driver hits a bear by mistake? Find out more in our gallery. Published in „1890“ the magazine of Allianz Germany (Issue 2/2015), adapted by Allianz.com.
The world's largest art and antiques trade fair TEFAF (The European Fine Art Fair) is taking place in Maastricht from March 13 to 22, 2015. As one of the leading art insurers, a number of Allianz experts will be in attendance, along with collectors and renowned gallery owners. Oliver Class from Zurich, art expert at Allianz Suisse, will be among them.
The Allianz Investor Relations App is widening its reach. It doesn't matter if you use an iPhone, iPad or Android device: The new Allianz app can now run on any smartphone or tablet. Download it from the Apple Store and Google Play Store.
Dec 18, 2014 |
Allianz Global Corporate & Specialty / Fireman’s Fund Insurance Company
Allianz progresses final element of US property & casualty business reconfiguration / Integration of Fireman’s Fund commercial lines into AGCS creates focus on commercial P&C insurance under Allianz brand / New run-off carrier, San Francisco Re, to manage legacy Fireman’s Fund business
It is the same story every year. Road traffic accidents involving game animals lead to damaged cars, injured people, and even fatalities. Dead game animals on the side of the road. Our Allianz.com reporter set out to find one of the culprits of these incidents – a stag. Even though stags are comparatively rarely involved in this particular kind of road traffic accident, he was the only animal who would talk to us. The roe deer were too shy, and ran away before we could even ask our first question. The stag was particularly keen not to be seen as guilty, and wanted to stay anonymous. He refused to tell us his name.
Allianz SE and BMW AG have renewed their collaboration on a global level for another five years. The CEOs of the two companies, Michael Diekmann and Dr. Norbert Reithofer, signed the extension of a Global Partnership Agreement between both groups, which was originally agreed upon in 2009, on September 3rd, 2014.
Sep 17, 2014 |
Allianz Global Corporate & Specialty / Fireman’s Fund Insurance Company
Fireman’s Fund commercial P&C business will become part of Allianz Global Corporate & Specialty (AGCS) / Allianz will integrate its commercial P&C insurance in the US market under the Allianz brand / Strategic options being considered for Fireman’s Fund’s personal lines business
What’s the world worth? Our colleagues at the Allianz customer magazine 1890 asked this question and the resulting numbers were large. So large in fact that they created an entire infographic series from them. We will present them on allianz.com. Part IV: Asia.
While shareholders, at the prospect of pending dividend payments, are eagerly anticipating the AGM season, they will simultaneously have to decide how they will vote at the respective AGMs. The interview with David Diamond, Global Co-Head of ESG at Allianz Global Investors, gives an insight into how professional investors deal with voting their proxies.
Dangerous projectiles: Dogs are too often left unrestrained in the car / New Allianz Centre for Technology crash test with crash test dogs / A 35 kilo dog can develop a projectile force of 1,400 kilos at only 40 Kilometers per hour
On May 27 the German Federal Ministry of Finance published a new draft pensions package which provides for a reduction in the guaranteed interest rate for life insurance policies with effect from January 1, 2015. What should customers do now? We asked Alf Neumann, Member of the Board of Allianz Leben
Generations of explorers and investors have identified Africa as a continent with a big business potential. The sheer size of the continent has often proven to be an obstacle. The invention of one small device now can change everything: the mobile phone. For a company like Allianz mobile microinsurance holds a lot of promise. In our featured interview, Ben Oumar shares his experience in what it is like to sell insurance without all the paperwork. His job: Mobile insurance promoter for Allianz.
In the first part of our interview with Euler Hermes CEO Wilfried Verstraete, we described how it has supported businesses for more than 100 years. In this second part, we concentrate on challenges and the global influence of credit insurance.
Euler Hermes, a company of Allianz, has been protecting and supporting businesses for more than 100 years. Its trade credit insurance helps thousands of companies to trade with confidence, safe in the knowledge that they are protected against non-payment for goods or services. In an interview with allianz.com, Chairman of the Board of Management Wilfried Verstraete, explains how it all works.
The end of a remarkable journey. Pierre-Auguste Renoir’s “On the Shore of the Seine” is on display for the public at the Baltimore Museum of Art (BMA) for the first time since it was stolen from there in 1951. The painting’s story involved a large cast of characters, including a famed collector, a customer at a flea market and the Allianz US subsidiary Fireman’s Fund.
Leading up to Valentine’s Day, thousands of jewelry stores around the world have been buzzing. Jewelry is the number one all-time favorite gift on Valentine's Day, and hearts are the most popular jewelry item given. But the dazzle of that new diamond heart needs to be protected.
16 million stolen e-mail addresses and passwords in Germany, 40 million credit cards hacked in the US, 100 million in South Korea – and that is just recently. The "Allianz Risk Barometer" declares hacker attacks, IT problems and the loss of reputation as one of the big new challenges of business risks.
Our infographic shows the biggest operating risks for businesses. For the second year in a row, business interruption and supply chain risks lead the Risk Barometer ranking. Nearly half (43 percent) of those surveyed consider these perils to be among the three most important for companies, although this is slightly down from the year before (46 percent). New in the Top 10: The fear of hacker attacks. This graphic can be used free of charge if the source is named.
Business interruption and supply chain, natural catastrophes and fire/explosion are the principal risks that continue to occupy the attention of global companies at the start of 2014, according to the third annual Allianz Risk Barometer, which surveyed over 400 corporate insurance experts from 33 countries.
Winter storms such as "Xaver" have become increasingly frequent in central Europe. most recently the region fell victim to Cyclone "Christian" at the end of October. In general, damage levels have increased in recent decades, mainly because of socio-economic factors.
Sectors such as energy, retail, food, clothing, tourism, distribution, transport and construction are sensitive to minor changes in the weather. Some details on how weather affects these industries can be seen in our infografic.
Electricity is the lifeblood of modern civilization. If there's even a brief power cut, we quickly realize just to what extent we depend on electricity. Home's no longer cozy, there's no light in the evenings and dinner has to be eaten cold. But industry depends on a continuous power supply much more than private individuals do, and even short power outages can have disastrous consequences.
Typhoon Haiyan is one of the most violent storms to ever have raged in Southeast Asia. Millions of people have been affected. Now the media is asking whether global warming is to blame for the natural catastrophe. Dr. Markus Stowasser, a meteorologist at Allianz explains, how such a superstorm can occur, to what extent global warming is at fault and how it is affecting one of the poorest and worst insured regions in the world – the Philippines.
Northern Europe and the British islands are battling with a storm system and its aftermath. Today was the same day a year ago that the “superstorm” Sandy hit the American east coast. Bert Reinauer, Vice President and Treasurer of Reinauer Transportation, spoke with Allianz about how his company protected its people, boats and offices and kept business running while the storm swept over. Rainauer Transportation is a leader in oil and chemicals shipping and is based in Staten Island, New York, one of the regions most affected by Sandy.
A year ago, Hurricane Sandy caused damages in the billions of dollars. Experts say it was the third most expensive hurricane in US history. In our infographic we follow the trail of destruction back to Sandy's origins.
Every year in Germany alone there are 230,000 accidents with wild animals. Modern technology in cars and on the road should help to reduce the number of crashes. Nature itself also offers a solution: Green bridges ensure that animals do not get on the roads to begin with.
Every September the festivities of Oktoberfest rock the entire city of Munich. With beer halls, traditional food, rides, musical performances and other fun activities, people from all over the world enjoy the famous Oktoberfest. It is one of the largest festivals in the world, with six million visitors every year. During the 16 day festival traditionally starting in mid-September, large quantities of German beer are consumed with around 6.9 million "Mass" (liters) of beer served in 2012.
In China, the Moon Festival is one of the most important festivities of the year. As well as a whole host of culinary delights, the main focal point of the Chinese event is the view of the full moon. If the moon happens to be obscured by clouds on this day of all days, the festival is only half as much fun. For all of those disappointed moon watchers, Allianz is collaborating with Taobao to offer accident insurance for the festivities which also includes a "moon insurance" component: policyholders get money back if the moon remains out of sight.
Drought, wind and lightning triggered the huge wildfires in the vicinity of the world famous Yosemite National Park in California only a few days ago. At times, 150 fires were raging. As in every summer, Californians and others in America's southwest who live near forests are concerned about their homes.
One year ago, the controlled explosion of a major World War II bomb in the north of Munich caused quite a stir. The bomb, which was found close to the Allianz Group head office, made the public only too aware of the considerable legacy still hidden in city centers, not only in Germany.
A refreshing summer rain, a menacing thunder storm or a full-blown hailstorm – even the weather experts can only make an educated guess at what that particular cloud in the sky really has in store. Some precautionary measures can, however, help to minimize hail damage.
Allianz Czech Republic has already received more than 3000 claims from households and small businesses in central and northern Czech Republic – especially along the Elbe River. In order to help clients quickly, colleagues from the much less affected Slovakia came to assist in the claims regulation.
Not all the dreams of Western managers have come true in China, but many still regard China as a market of the future. Uwe Michel, head of Insurance Growth Markets Asia discusses Allianz’s strategy in the Middle Kingdom.
Emergency walls, quick responses and clear information. Czechs have been hit hard by the flooding this year, and even Allianz offices were affected in many places, but good preparation and reaction have helped them avoid the worst. Allianz board member Manual Bauer praised their work while in Prague on June 13.
Jun 13, 2013 |
Allianz Global Corporate & Specialty
Alongside homeowners, businesses large and small faced the flooding which has visited parts of central Europe. In addition to the kind of risks families have like property damage, a company also needs to consider business interruptions and loss of profits.
Record flooding in Europe and destructive tornados in the United States – there seems to be no end to the reports about natural catastrophes these days. Amer Ahmed, CEO of Allianz Re, calls for preventative measures.
After the rain: On June 5th, the flood situation is calming in central Europe, but rivers are still swelling in some areas. Allianz SE Board Member Clement Booth talks about how Allianz is helping clients and gives praise for good preparedness.
On June 4th, flooding in central European rivers began to reach its peak. Eastern and southern Germany, the Czech Republic and large parts of Austria have seen the most water as rains that began in late May finally began to abate. Allianz claims handlers are now going to the affected regions.
Central Europe has been covered with showers since the last days of May. The bad weather has now taken on serious dimensions. Rivers throughout eastern and southern German, Austria, Switzerland and the Czech Republic have reached record levels, and it is still raining.
It is the season of festivals, a time to discover new films. Archaeologists, sportsmen, magicians or spies are typical main characters. But what about insurance professionals? Immediately, the answer is a flat no. However, searching a little bit, we can discover that both insurance professionals and the insurance sector have starred in dozens of successful films.
Inter-connectedness, advanced systems and smart cars are revolutionizing mobility habits / Trends show: New car registrations are down in Europe, stable in the US and still booming in Asia / Carbon footprint and social responsibility increasingly influence consumers when purchasing mobility / New “Allianz Risk Pulse” on the Future of Individual Mobility
With the rate of corporate failures increasing amid challenging economic conditions, Euler Hermes announced today that it has become the exclusive supplier of trade credit insurance solutions to HSBC Commercial Banking customers.
Of the top 10 countries with the strongest potential demand growth through 2015, China remains first-ranked (+10%); Africa well-represented by Angola (fifth) and Nigeria (sixth). / Contrasting sector demand trends expected through 2015. Additional import demand to create momentum for chemicals (USD 391 billion, EUR 299.5 billion) and automobile manufacturing (USD 169 billion, EUR 129.5 billion). / Intra-zone trade surge continues, notably in the Eastern European (+453%) and ASEAN countries (+450%) from 2000-2015. / Global trade gains 7% in 2013 and 11% in 2014 (+4.1% and +5.9% in real terms), continuing to drive economic growth. Asia’s emergence to continue apace.
Adding up all the crosscuts, access tunnels and shafts the entire tunnel system in the Gotthard stretches over 152 kilometers. More than 13 million cubic meters of rock were excavated – a volume five times greater than that of the Cheops Pyramid in Egypt.
Mar 20, 2013 |
Allianz Global Corporate & Specialty
The Super Bowl blackout, New York without power after Sandy, a blizzard leaves the northeastern United States in the dark. Recent headlines have highlighted the fragile nature of the country’s electricity infrastructure. Risk consultant Larry Hunter talks about the challenges and risks that power outages pose and how to meet the challenge.
A saloon shootout, a downtown car chase or hanging off a tall building: Hollywood stars seem able to do all of that and more – with ease and style. Each year, Hollywood movies dazzle audiences around the world. But without the expertise of film insurer Fireman’s Fund, little of it all would be possible.
This morning saw a very unusual event in central Russia – a meteorite struck the region of Chelyabinsk, leaving wreckage and hundreds of wounded and even a few dead. The main injuries and damage has come through shattered glass.
Jan 30, 2013 |
Allianz Global Corporate & Specialty
Whether in sun screen or to fight cancer: Nanotechnology is becoming more and more important. The products can contain simple particles or entire machines that can be measured in thousandths of millimeters. They still hold a great deal of potential, but also entail risks. Michael Bruch from the industrial insurer Allianz Global Corporate & Specialty has been keeping track of the developments for many years now. In his interview with Allianz.com, he talks about the responsibilities that insurers have in this new field.
Jan 28, 2013 |
Allianz Global Corporate & Specialty
Global survey of more than 500 Allianz corporate insurance experts / Business interruptions, natural disasters and fire are the top risks for global companies / Businesses underestimate the risk of power outages and cyber crime
Allianz SE and HSBC Bank plc have signed a 10-year bancassurance distribution agreement through which HSBC Group companies will distribute Allianz life insurance and pension products in Turkey and other countries in continental Europe as may be agreed.
Allianz Bank is set to cease business operations on June 30, 2013. The bank's business activities for employees and agents, as Allianz Bank customers, will be continued by Oldenburgische Landesbank AG (OLB).