With rapid developments in the fields of artificial intelligence, cognitive computing and the like, we’re now racing towards the “third digital decade”, which promises to be a lot more frantic, disruptive and unpredictable than those before. Allianz has taken the lead in giving its employees tools to stay ahead of the learning curve...
On May 22, 2018, the Pan-European Insurance Forum (PEIF) appointed Thomas Buberl, Chief Executive Officer (CEO) of the AXA Group, Chair of PEIF, succeeding Oliver Bäte, Chairman of the Board of Management of Allianz SE. The PEIF is an active platform where the CEOs of major European headquartered (re)insurance groups discuss policy and regulatory matters affecting the European insurance industry, including with external stakeholders, such as regulators and policymakers.
Following the appointment of Virginie Fauvel as Euler Hermes Chief Transformation Officer on January 15, 2018, a new digital and transformation team has been set up in order to activate the Group’s transformation and materialize its ambition of becoming the most innovative B2B insurance company.
Allianz Group recently received approval of its Binding Corporate Rules from the EU-mandated Bavarian Data Protection Authority, BayLDA. Binding Corporate Rules or "BCRs" were developed by the European Union to allow multinational corporations to make intra-organizational transfers of personal data across borders in compliance with EU Data Protection Law.
From May 25, 2018, the long awaited General Data Protection Regulation (GDPR) will apply across the EU, representing the biggest shake up of data protection laws in the digital age. In the latest edition of the Global Risk Dialogue, Allianz Global Corporate & Specialty (AGCS) cyber experts Christopher Rau, Jens Krickhahn and Marek Stanislawski offer their insights on what businesses can expect...
Market research company Potentialpark awarded Allianz the first place in a global ranking for the best digital recruiting communication. Allianz was also able to hold on to its number one position in Europe and Asia for the fifth time.
In discussing his new role as Chief Business Transformation Officer on the Allianz board of management, Iván de la Sota has a refined, reserved and cautious manner, whether speaking in fluent German, English or Spanish. However, the importance of this role in the development of the group is very clear in his mind.
The Supervisory Board of Allianz SE has appointed Iván de la Sota (53) to the Board of Management of Allianz SE to assume the role of Chief Business Transformation Officer, effective April 1, 2018. The new Board of Management division will support Allianz entities in exploiting business opportunities that arise from a growing demand for digital insurance and investment solutions among all customer groups.
Solmaz Altin (44), currently the Chief Digital Officer of Allianz, will join the Allianz Asia Executive Board from June 1, 2018 and will succeed George Sartorel (60) as Regional CEO effective May 1, 2019. After almost 40 years with Allianz, George Sartorel has decided to retire in 2019. Solmaz Altin will work closely with him over the course of 2018 to ensure a smooth transition.
With its creative design and easygoing mood, the office of the future blurs the line between work and play. Creative designs, vibrant colors, open and closed spaces, there's a lot changing in our workspaces...
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty SE (AGCS) announced changes to its Board of Management, which take effect in 2018. From July 1, 2018, Chief Operating Officer Sinéad Browne moves to a new Board-level role at AGCS, taking over from Chief Regions and Markets Officer, Carsten Scheffel, who retires from his role at the end of June.
Euler Hermes, the world’s leading trade credit insurer, has appointed Virginie Fauvel as Chief Transformation Officer as of January 15, 2018, and Head of the Americas region as of April 1, 2018. Once her nomination is approved by the Supervisory Board on February 9, 2018, she will also join the Board of Management of Euler Hermes as of April 1, 2018.
For people decidedly glum about the fortunes of their generation, millennials remain incredibly upbeat about their personal prospects, finds an Allianz study on millennials and their work attitudes and expectations
Millennials believe the world is more difficult and complex than their parents faced at the same age and are gloomy about the career prospects of their generation. They expect artificial intelligence and robotics to disrupt the workplace, and that employment insecurity and pressure in the workplace to perform will increase.
The new General Data Protection Regulation (GDPR) data privacy rules to be introduced in the European Union in May next year will dramatically change the relationship between insurers and their customers...
When Harry met Allie, a career took off. Meet our sweet, affable chatbot, who loves to talk to job seekers about the opportunities Allianz has to offer. You can find her on the Facebook page of Allianz Careers, where she helps people navigate through the multitude of job offerings.
From I, Robot to Transformers, Hollywood has shown us the best and worst of robots. In the future, will machines leave us jobless or allow us to tap a higher potential? It’s up to societies and employers to develop tools to support workers as the workplace evolves...
Carsten Quitter will become Allianz Group Chief Investment Officer (Group CIO) and, as Managing Director, will take over as Co-Lead of Allianz Investment Management SE (AIM) on January 1, 2018. He will replace Andreas Gruber, who is leaving at his own request after 29 years at the Allianz Group to retire.
In the latest Thomson Reuters Diversity & Inclusion Index published today, Allianz ranks 18th out of 6,000 publicly traded companies, making it one of the most diverse and inclusive workplaces worldwide.
Allianz Global Investors, one of the world’s leading active investment managers, announced today that George McKay, its Co-Head, Global Head of Distribution and Global Chief Operating Officer (COO) will step down from executive responsibilities in April next year.
Social, cultural and especially technological developments are dramatically altering our notion of work. In the next few weeks, we will examine how the concept of ‘work’ is changing in the world around us – and in our company. But before that, let's trace what has already changed...
For the seventh consecutive year, Allianz has climbed the Interbrand ranking of the 100 most valuable brands in the world. The Allianz brand came 49th in this year's “Best Global Brands Ranking”. Increasing the brand value by 6 percent, Allianz can now post a brand value of $10.059 billion for 2017.
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.
Who says work and play can’t mix? In fact, they can mix even before you start work. At Allianz, we have developed a new way for job seekers to find out to what extent they have the values we seek in potential employees. The ‘play’ part? A fun, interactive tool introduces job seekers to these values through one of Allianz’s fastest developing new business areas – drone insurance.
The Supervisory Board of Allianz Austria has appointed Rémi Vrignaud as the new Chairman of the Board of Management with effect from August 25, 2017. He will take over from Wolfram Littich, who has been successfully heading up the Allianz companies in Austria since 2001.
Euler Hermes, the world’s leading trade credit insurer, announces two senior executive appointments in its Asia Pacific region. Clemens Philippi is appointed chief executive officer of Euler Hermes ASEAN, with responsibility for the company’s activities in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Benoit Ganzmann has been appointed chief executive officer of Euler Hermes China, based in Shanghai.
Allianz has announced the appointment of Joos Louwerier as Country Manager & CEO, Allianz Life Indonesia, where he will oversee the growth strategy and have overall management responsibility of all Allianz operations in Indonesia. Joos succeeds Joachim Wessling, who is stepping down to pursue external opportunities.
PIMCO, a leading global investment management firm, has named Robin Shanahan and Peter Strelow, both Managing Directors, as Co-Chief Operating Officers. They will report to PIMCO’s Chief Executive Officer Emmanuel Roman.
Allianz Australia Limited today named Richard Feledy as its new Chief Executive Officer, effective January 1, 2018. Mr. Feledy, currently the Chief Technical Officer of Allianz Australia, will succeed Niran Peiris, who will join Allianz SE’s Board of Management with effect from January 1, 2018.
PIMCO, a leading global investment management firm, has hired Gregory Hall as Managing Director, Head of Private Strategies. He will manage PIMCO's private strategies, which include a number of real estate, distressed, opportunistic and credit strategies in private equity vehicles.
This year, Allianz Capital Partners announced two major investments in the U.S. renewable energy sector. David Jones, the Head of Renewables at Allianz Capital Partners, tells us why these investments are attractive and why he expects to continue investing in U.S. wind energy, despite less enthusiasm for clean energy within the new administration of U.S President Donald Trump...
Giulio Terzariol has been appointed to the Allianz SE Board of Management as of January 1, 2018. He takes over responsibility for the Finance, Controlling and Risk Management division. Furthermore, Niran Peiris is appointed to the Board of Management of Allianz SE as of January 1, 2018 until December 31, 2020.
At its December meeting the European Central Bank (ECB) announced that it would be extending its bond purchasing program until at least the end of 2017. From April next year the monthly purchase volume is to be reduced to EUR 60bn from EUR 80bn at present. All told, this boosts the QE program by EUR 540bn to EUR 2.28 trillion. Should inflation remain below expectations in the coming months, the ECB has kept its options open to up the monthly purchase volume as well as extend the time horizon.
Claus Stickler and Andreas Gruber will co-lead AIM as Managing Directors. The new management set-up for AIM is to integrate even more tightly all functions and international locations, to strengthen project work and global teams
Public-run infrastructure projects running over budget has become almost cliché. But what if they were outsourced to the private sector? Allianz chief investment officer Andreas Gruber gives his insights on the benefits and risks of public-private partnerships.
As leaders from the world’s wealthiest countries gather in China for the G20 Summit, Mohamed A. El-Erian and Michael Heise face off over China’s rising economic power. This is the second part of a two-part series.
As leaders from the world’s wealthiest countries gather in China for the G20 Summit, Mohamed A. El-Erian and Michael Heise face off over China’s rising economic power. This is the first part of a two-part series.
The after-effects of the failed coup will add further uncertainties to Turkey’s already fragile political environment, which has been steadily deteriorating in recent years. Michael Heise, Allianz Chief Economist, shares his opinion.
The decision has been made, the UK electorate voted to leave the European Union. Allianz Chief Investment Officer Andreas Gruber and Allianz Chief Economist Michael Heise talk about the consequences of this decision for the global markets and the economy.
At the dawn of the Internet, many hoped that the cost of internal and external financial transactions would be reduced to the bare minimum. These hopes, it turns out, were too far-fetched. Could blockchain provide the solution?
Euler Hermes Group announced the appointment of Marita Kraemer and Ramon Fernandez to its Supervisory Board following today’s shareholders meeting in Paris. They respectively replace Clement B. Booth, member of the Supervisory Board since September 2009 who resigned at the end of this shareholders’ meeting, and Jean-Hervé Lorenzi, member of the Supervisory Board since November 2004, whose mandate expired.
In an interview with the German magazine Focus, Allianz SE Board of Management member Maximilian Zimmerer makes a compelling case for life insurance. As he explains the investment alternatives open to Europe’s biggest investor in this era of the European Central Bank’s (ECB) zero interest rate policy, Zimmerer offers the same advice he would give his daughters.
For the fifth year in a row, the Allianz online recruiting services are rated best in Europe and Asia. New communication channels add value: WhatsApp was introduced as an additional point of contact for applicants.
It’s simple math: competence – especially in finance – saves money. Ignorance, by contrast, costs dearly. There certainly is a lot of catching-up to do in the field of financial literacy, for kids and adults alike.
Startup FairFleet has developed an online platform customers can use to book drone pilots and their equipment. This “eye in the sky” makes it possible to optimize process and settle claims more quickly, even when disaster hits.
Allianz managed to secure a spot on the podium in a LinkedIn rating of 50 most influential financial services brands. With its mix of topics, including investments, risk management, HR, infographics and content from the company portal, Allianz ranks number 3.
New blood: Allianz SE has named two new members to its Management Board: Jacqueline Hunt (47), who was until recently responsible for Prudential's insurance business in the UK, continental Europe and Africa, and Günter Thallinger (44), CEO of Allianz Investment Management (AIM). Hunt, who will become the second woman on the Board after Helga Jung, will replace Jay Ralph (57) in July, while Thallinger will take the reins from Maximilian Zimmerer (57) with effect in January 2017.
Currently, 80 percent of people in developing countries are not covered by insurance. To improve this, Lebara and Allianz Group recently announced an insurance partnership to customers in emerging markets. We asked Martin Hintz, coordinator of Emerging Consumers to explain how this cooperation helps our new customers.
A new job abroad. A career step, an enormous effort for the family but also a life far away from old friends. Sooner or later, the question will pop up: “What happens if I become really sick over there?” This is where Allianz Worlwide Care comes into play.
Mars announced recently that they are recalling millions of chocolate bars in 55 countries after small pieces of plastic were found. Christof Bentele, Head of Global Crisis Management at Allianz Global Corporate & Specialty (ACGS), explains why food recalls are on the rise and what the scale of the recall actually means.
At the EU summit last week, British Premier David Cameron reached an agreement with his EU peers on the renegotiated terms of Great Britain’s EU membership. The deal paved the way for the promised in-out referendum, which will now take place on June 23.
Founded in 1996, Genialloyd was one of the first direct insurers on the Italian market. The Allianz subsidiary continued to set the bar in the digital age, exploiting and creating digital tools to gain new customers and increase their satisfaction. Its FastQuote, for example, has already been rolled out in more than 25 Allianz entities worldwide. Allianz.com spoke with Leonardo Felician, CEO of Genialloyd SpA since 2009, to gain some of his insights.
Central banks in Europe and Japan have pushed short-term rates into negative terrain, meaning they are charging banks that leave money on deposit with them. Ms. Yellen, Chairwoman of the US Federal Reserve Bank, said she didn't think the Fed would need to do this, but it should be prepared if the economy sinks and such a step is needed. Prominent bond managers like PIMCO answered that they think negative interest rates won’t work. In his most recent book, „The Only Game in Town”, Mohamed A. El-Erian, Chief Economic Advisor Allianz SE, discusses the role of central banks. Here are his thoughts on what is happening.
Allianz brand tops the Insurance Top 50 ranking for third year in a row / Allianz is the only insurer to rank amongst the world’s 50 strongest brands in 2016 / Brand value of Allianz at 18.6 billion euros, up 8.1 percent from 2015
While other countries are still struggling with the how’s and when’s of public private partnerships (PPPs), the United Kingdom has a long and successful history of attracting private sector investment in infrastructure. Christian Fingerle, Chief Investment Officer and responsible for infrastructure investments at Allianz Capital Partners, explains what makes the UK such an attractive choice for investors.
The consequences of the UK leaving the EU would weigh heavily on both sides. From a loss of competitiveness of UK products due to reindustrialization to job losses. Ana Boata, economist at Euler Hermes, explains the impact of a Brexit – for the UK as well as for the EU.
“We want to be sure that people who, looking for safety, have had to flee their home country due to war or political persecution can be insured in Germany until they find permanent residence. At the same time, we also want to protect our citizens in the event of damage unintentionally caused by the refugees,” says Alexander Vollert, member of the Board of Management of Allianz Deutschland.
Elizabeth Corley to step back as CEO of AllianzGI and to take on newly created non-executive role of Vice Chair for the firm / AllianzGI to maintain its co-head structure with George McKay joining Andreas Utermann in leading the firm / Andreas Utermann to become CEO as well as Global CIO; whereas George McKay to become Co-head responsible for Distribution, Global Solutions and COO Functions
136 trillion euros in private assets worldwide: the figure reported by the Allianz Global Wealth Report sets a new record. But the gulf between the rich and the poor is becoming wider and wider. Michael Heise, Chief Economist at Allianz, explains which areas we have to invest in and what countries have to do to ensure that today's middle class does not become tomorrow's lower class.