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Encouraging the development of emerging economies and micro businesses is a big step in social inclusion. Here’s how Allianz contributes to the conversation…

 

Allianz SE
Munich, Mar 27, 2017

When we hear of ‘social inclusion’, most of us think about eradicating poverty, granting education and employment opportunities and addressing gender diversity. However, one of the most important steps towards social inclusion is encouraging the development of economies and businesses.

An overview of how Allianz has been doing its part...

  Focus on emerging consumers

Allianz-farmer_girls

“Financial service providers act as the lubricating oil in the economy,” said John Bruton, the former Prime Minister of Ireland.

And yet, an estimated 2 billion adults worldwide do not have access to formal financial services.

Last year, Allianz rebranded its ‘Microinsurance’ business as ‘Emerging Consumers’, ensuring greater flexibility to meet the different needs of customers in emerging markets. This emphasis on customer needs instead of products means that we can offer diverse and tailored services beyond microinsurance to low-income customers in Asia, Africa and Latin America. Micro-savings and micro-equity are two examples of such  solutions that we have recently added to our Emerging Consumers offerings.

In 2016, Allianz reached 55-million mid- to low-income customers in emerging markets, resulting in over 302 million euros in revenues.

  Focus on digitalization

Allianz-farmer_phone

Technology is a double-edged sword. Even as cybersecurity dominates the minds of risk experts globally, digitalization offers a chance to reach a larger audience and remote segments, which is especially important in emerging economies.

In a recent report, McKinsey estimated that emerging economies could get a combined boost of $3.7 trillion over the next decade if they harness the full potential of digital finance.

Under its ‘Single Digital Agenda’, Allianz focuses on developing web- and mobile-based solutions and interaction tools.

  Focus on thought leadership

Allianz-bulbs

Last year, Allianz CEO Oliver Baete became a member of ‘The B Team’, a global non-profit organization that brings together a group of global leaders from business, civil society and the government to catalyze better ways of doing business that prioritizes the well-being of people and the planet.

Co-founded by Richard Branson, Jochen Zeitz and Nobel Prize winner Muhammad Yunus, The B Team has 19 other global leaders. “I am delighted to be able to contribute our expertise to The B Team’s initiatives,” says Baete. “Business has an important role to play alongside other actors in devising innovative solutions to urgent problems, and I’m happy to join The B Team in its efforts to bring these topics to the forefront of the business agenda.”

The team focuses on identifying climate initiatives, implementing transparency procedures and forming networks that protect employees.

  Forward Looking Statement disclaimer

As with all content published on this site, these statements are subject to our Forward Looking Statement disclaimer:

 

  Press contact

Dr. Saskia Juretzek
Allianz SE
Phone: +49 89 3800 90593

Send email

  More at allianz.com

Euler Hermes Rating launches new SME & MidCap Rating Service in France

Allianz-Euler Hermes Rating Launches New SME & MidCap Rating Service in France
Dec 06, 2017 | Allianz SE

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. 

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Allianz Automotive and Scania Financial Services announce global strategic partnership

Allianz-Allianz Automotive and Scania Financial Services announce global strategic partnership
Dec 06, 2017 | Allianz SE

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. 

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Avoiding Total Recall

Allianz-Avoiding Total Recall
Dec 06, 2017 | Allianz SE

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...

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