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How to insure a pandemic

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

Important role in internationalization: Allianz Deutschland strengthens lines of business

Allianz Deutschland is repositioning itself to leverage the important role of the German business lines' divisional companies in internationalization and to foster a joint market presence. Germany is one of the most important markets for the Allianz Group.

Allianz Global Corporate & Specialty partners with Google Cloud and Munich Re to provide cyber risk management solution for cloud customers

Allianz Global Corporate & Specialty, the corporate insurer of Allianz SE, and Munich Re have jointly developed a new commercial cyber risk insurance solution called “Cloud Protection +.” This collaboration provides state-of the-art insurance exclusively designed for customers of Google Cloud enrolled in Google’s new “Risk Protection Program.”

Euler Hermes announces an extension to the protective shield scheme

The global pandemic continues to create a volatile environment for the German economy, especially its many SMEs. So, last week’s announced extension of the protective shield is a welcome boost for businesses and welcome news for the German economy.

Euler Hermes: Successful extension of supply chain protection

The German government, Euler Hermes and other German credit insurers have jointly decided to extend their protective shield for the German economy by six months until June 30, 2021. The agreement is still subject to approval by the EU Commission.

Are pandemics insurable?

The magnitude and impact of the COVID-19 pandemic on businesses, regardless of size or location, cannot be underestimated. Mass closures due to lockdown restrictions have sent shockwaves through the economy and led to the number of business interruption-related damages to soar. As a result, insurers have come under fire. They argue that pandemics are not insurable and insurance cover cannot be provided. Allianz, however, is working on solutions for the future...

Earthquake and Fire Research Center in Turkey expands family of Allianz research centers

The family of Allianz Centers for Technology is growing. With the Allianz Teknik Earthquake and Fire Testing and Training Center in Turkey, three Allianz Group research centers are now available to support customers and society in loss prevention, improve products and processes, and increase the operational safety of systems and consumer goods.

Allianz Global Corporate & Specialty SE embarks on global transformation program

Under its new leadership, Allianz Global Corporate & Specialty (AGCS), the industrial insurer of Allianz Group, announces a comprehensive transformation program, “New AGCS”, to regain profitability and market leadership in the corporate and specialty insurance segment.

Insurance Outlook 2020: A Lost Year

Coronavirus will keep the insurance industry in weak health this year. But the pandemic could accelerate emerging trends in the industry. Digitalization, ESG and Asia are some keywords to watch, says the latest Allianz Global Insurance Report...