PressNewsCommitmentEnvironment: Insurer of the Future

Insurer of the Future

Service & Contacts

Allianz Group Communications
Koeniginstr. 28
80802 Munich
Germany

Contact overview

Receive the latest Allianz news.

Newsletter

Follow Allianz in the social networks:

Facebook
Twitter
Google+
LinkedIn

  • Contact

  • Newsletter

  • Social Media

Climate change presents risks as well as new opportunities, but the insurance industry needs better skills, tools and relationships to address them, says ClimateWise, a coalition of over 30 leading insurers, reinsurers, brokers and industry service providers, where Allianz plays a leading role.Looking ahead to 2030, ClimateWise, in its “Closing the Protection Gap” report released last week, highlights what an insurer needs to succeed in the future.
 

Allianz SE
Munich, Dec 13, 2016

THE INSURER OF THE FUTURE WILL:

* Use early warning technologies and new risk transfer mechanisms to support society in dealing with more frequent catastrophes.

* Tie coverage more closely to actions taken by a client to prepare for things like rising water or tougher storms.

* Use new data to customize protection, make instant payouts, and help customers cover related risks, such as in flood-prone areas.

* Engage clients earlier in risk management, mainly for cities and local governments, using actuarial models to manage climate risks, mitigate concentration of risk and develop comprehensive strategies.

* Invest in assets likely to limit risk, such as in resilience-enhancing infrastructure.

 

WHAT WE’VE DONE SO FAR

Allianz has made several bold moves to respond to climate change, including setting up an Environmental, Social and Governance (ESG) Board in 2012 and cutting investments in coal-based business models.

Among other highlights are:

* ’Green Solutions’ designed to help customers become more climate resilient and less carbon intensive. These range from renewable energy loans to crop insurance.

* In-depth dialog with some of our industrial customers on their individual natural catastrophe risk situation and how they could prepare better, after our 2015 Allianz Risk Barometer showed that climate change was clearly perceived as the top long-term business risk for industrial customers.

* Micro-insurance products, the most common form of engagement with low insurance penetration markets.

* Engagement in ‘Remote Sensing-based Information and Insurance for Crops in Emerging Economies’ (RIICE) in Southeast Asia, a program that uses satellite imaging to assess crop growth and informs local governments when low yields are forecast.

  Forward Looking Statement disclaimer

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

 

  Press contact

Thomas Atkins
Allianz SE
Phone +49 89 3800 2960

Send email

  More at allianz.com

Allianz brings renowned ‘Digital Insurance Agenda’ summit to Munich

Allianz-Allianz brings renowned ‘Digital Insurance Agenda’ summit to Munich
Jul 28, 2017 | Allianz SE

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.

More...

Hailing down a plane

Allianz-Hailing down a plane
Jul 27, 2017 | Allianz SE

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...

More...

Allianz, EDF Invest and DIF acquire 6.94 percent in Autostrade per I’Italia

Allianz-Allianz, EDF Invest and DIF acquire 6.94 percent in Autostrade per I’Italia
July 26, 2017 | Allianz SE

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.

More...
More...