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

Poll Position

Allianz-Poll Position
Sep 21, 2017 | Allianz SE

Few can deny that Chancellor Angela Merkel has benefited from Germany’s recent economic prosperity. But as elections near, it’s important to remember that measures are still required to enhance the country’s growth potential…

More...

New Leadership at Allianz Deutschland and Allianz Italia

Allianz-New Leadership at Allianz Deutschland. Klaus-Peter Röhler named CEO
Sep 19, 2017 | Allianz SE

The Supervisory Board of Allianz Deutschland AG today named Dr. Klaus-Peter Röhler as Chairman of the Management Board (CEO) and successor to Dr. Manfred Knof, effective January 1, 2018. The Allianz Italia Board of Directors  decided to appoint Giacomo Campora, 50, as CEO of Allianz Italia as of January 1, 2018.

More...

'Allianz Multinational' bundles expertise for international Property & Casualty insurance solutions

Allianz-'Allianz Multinational' bundles expertise for international Property & Casualty insurance solutions
Sep 19, 2017 | Allianz SE

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. 

More...
More...