Allianz partners with the World Economic Forum to set global standards for new work models

Allianz has become a partner of the WEF initiative for New Work Standards, within their New Economy and Society Platform focusing on building prosperous, inclusive and just economies and societies globally. In this initiative, 20 international companies in different industries are setting new benchmarks for a healthy, resilient and equitable future of work and will be co-creating a framework for the working standards of the future.

Renate Wagner, member of the Allianz SE board of management, said: “In the same way that setting global standards for climate reporting can inspire progress toward Paris Agreement goals, global standards for new working models will drive more inclusive employment and societal outcomes.”

Renate Wagner

Continued Wagner, “At Allianz, we developed a set of standards that will be observed across our global footprint and serve as the foundation of our hybrid working model. We offer our employees dedicated learning time and flexible working options which they can adapt to their individual needs. This approach will strengthen our organizational resilience and culture, and thereby help our people better serve our customers.”

Till Leopold, Head of Action Initiatives, Centre for the New Economy and Society at the World Economic Forum said: “As organizations transition from the COVID-19 crisis into the ‘new’ future of work, there is the opportunity for employers to collectively reset their approach to the future of work and put people first. Getting this right will help determine whether the post-pandemic recovery leads to positive outcomes for business and for society. Allianz’s Ways of Working show how organizations are mobilizing to realise the goals of the initiative.”

Allianz has introduced a comprehensive set of minimum standards for its new Ways of Working,  which applies to 60 of its companies across dozens of countries. The action points in this plan are centered around: Flexible Working & Reduced Travel, Digital Tools, Health & Well-being, Learning, and Organization & Culture.

“The flexibility of this hybrid work model will benefit both our employees and customers. It will increase Allianz’s attractiveness as an employer and improve the company’s resilience in the face of rapid change,” adds Wagner.

The new Ways of Working at Allianz

The Ways of Working at Allianz adapt a flexible working model, digital collaboration tools, and a strong emphasis on maintaining health and well-being for all employees. Attention also lies on continued learning opportunities as well as engagement and empathy along a company culture of trust, empowerment and outcome-focused performance.  

Hybrid working is Allianz’s new normal. Employees are offered globally a minimum of 40 percent of remote working. Digital tools support virtual interaction and teamwork, and employees benefit from a mix between remote working and office presence in enhanced, attractive, multifunctional working areas for optimal collaboration and innovation. To further equip people to navigate cultural changes, Allianz has developed a series of interactive trainings that specifically guide leaders and teams to maximize the full potential of hybrid working.

Furthermore, Allianz employees are eligible to work from abroad for up to 25 days per year. This is made possible by the introduction of an innovative, automated, self-service tool enabling employees to work cross-border in compliance with respective regulations.

Significant reductions of non-essential business travel will contribute to the company target of 15% reduction in greenhouse gas emissions from business travel per employee by 2025. Reduced commuting times along with the global introduction of Allianz meeting guidelines and a helpline for employees who are looking for personal counselling will also support the mental wellbeing of employees.

The Allianz Ways of Working also include an intentional focus on learning opportunities: each employee is granted a minimum of one hour learning time per week. The flexible AllianzU platform has been accessed already by almost 100,000 employees and is being rolled out to all by the end of 2021 to support the organization’s journey towards a lifelong learning culture.

Timelines of deployment will vary in different countries and companies, and may be further expanded on or be subject to local and legal specifics. 

The Allianz Group is one of the world's leading insurers and asset managers with more than 122 million* private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 706 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.7 trillion euros** of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2022, over 159,000 employees achieved total revenues of 152.7 billion euros and an operating profit of 14.2 billion euros for the group***.
* Including non-consolidated entities with Allianz customers.
** As of September 30, 2023.
*** As reported – not adjusted to reflect the application of IFRS 9 and IFRS 17.

Press contact

Flavia Genillard
Allianz SE
As with all content published on this site, these statements are subject to our cautionary note regarding forward-looking statements:
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