Notable birthdays: GDPR turns 5

On May 25, 2018, the European Union’s General Data Protection Regulation (GDPR) came into effect. Viewed by many at the time with suspicion and dread, it has gone on to have a profound impact globally.

Company statement

The company provided statements to The Wall Street Journal in response to its article on September 20, 2021.

Three questions to Michael Diekmann on CEO compensation

Allianz’s Annual Report 2020 details board members’ remuneration. The base salary, annual bonus, and perquisites are linked to the performance of 2020 and 2019, whereas the Allianz Equity Incentive payouts result from grants related to 2015 and 2014. Supervisory Board Chairman Michael Diekmann answers three questions on the changes in CEO Oliver Bäte’s remuneration.

Allianz secures Binding Corporate Rules certification in initiative to strengthen data privacy within group
Allianz secures Binding Corporate Rules certification in initiative to strengthen data privacy within group

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.

All about GDPR data privacy laws
All about GDPR data privacy laws

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...

IFRS 17 Explained
IFRS 17 Explained

The new IFRS accounting standards will come into play in 2021, changing the way insurance policies and contracts are assessed. So what will change? Find out...

data privacy
Watchful Eye

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...

Allianz designated global systemically relevant insurance group
Allianz designated global systemically relevant insurance group

The Financial Stability Board (FSB) designated Allianz and eight other large international insurance groups as global systemically relevant. The concrete ramifications of this are now to be determined together with the regulators. Therefore, it is too soon to give a detailed assessment of its effects.

Allianz strengthens ecological and social focus of its business

Allianz is set to become the first company in the world to establish a committee at board level tasked with ensuring that ecological and social issues are taken into account in decisions made throughout the organization. The committee's members will be Allianz SE board members Clement Booth, Maximilian Zimmerer and Jay Ralph. Chairman of the committee, Jay Ralph, explains in an interview why sustainable management is so important to Allianz.