Oil price strength in the second quarter of 2018 has been driven by geopolitics, in particular heightened tension in Syria and in the Middle East, and subsequently the U.S. withdrawal from the Iran nuclear deal. Hence, the EH model confirms that the market is now being driven by concerns over geopolitically induced supply shortages that may or may not materialize.
Natural resources such as clean air and fresh water are vital for businesses – and at the same time massively at risk across many industry sectors today. Failure to manage the earth’s natural resources or “natural capital” has consequences that extend beyond direct effects on the environment. For businesses, it can also bring new interruption and liability scenarios which can wipe out profits and impact business models, as resource scarcity, regulatory action and pressure from communities and wider society grows, warns AGCS in a new report.
Euler Hermes's latest analysis on protectionism: “Trade Games, Trade Feud or Trade War?” evaluates the impact of higher U.S. tariffs on global trade in 2018 and 2019. It defines three scenarios based on the rise of the average U.S. import tariff and different levels of retaliation among major trade partners.
According to projections by Allianz Research, the global premium volume last year rose to a new record sum of 3.66 trillion euros (excluding health insurance). Compared to 2016, the nominal increase adjusted for exchange rate effects is 3.7 percent.
Euler Hermes, the worldwide leader in credit insurance, publishes its Q1 2018 country and sector risks ratings. Euler Hermes monitors 242 countries and territories using about 40 short-term and medium-term indicators to measure the risk of payment disruptions in a given country that are outside the control of companies. Overall, Ghana, Côte d’Ivoire, Egypt and Russia’s ratings were upgraded, while Romania, Algeria and Tunisia’s ratings were downgraded.
In a new report, insurer Allianz Global Corporate & Specialty (AGCS) identifies both the benefits and emerging risk concerns around the growing implementation of AI in society and industry, including in the insurance sector. AI, also referred to as machine learning, is essentially software that is able to think and learn like a human.
From an economic point of view, the eurozone could hardly be in better shape than it is today. The upswing seems likely to continue, the peak has just begun. This development is reflected in the results of this year's Euro Monitor, with which we measure the state of the euro economies on the basis of 20 indicators every year.
Euler Hermes presents its Enabling Digitalization Index (EDI) 2018, which illustrates each country’s ability to provide the necessary environment for business to succeed in an increasingly digitalized global economy. The United States, Germany and the Netherlands make the top three of the 2018 EDI ranking.
When it comes to road safety, in-car technology is proving to be more dangerous than alcohol in many countries as it distracts drivers from keeping a careful eye on the road, finds a study by Allianz Center for Technology (AZT)...
Euler Hermes’ “2018 Collection Complexity Score and Rating” aims at measuring the level of complexity relating to international debt collection procedures within each of the 50 countries taken into consideration. Three main factors were analyzed: local payment practices, local court proceedings and local insolvency proceedings. It therefore provides a simple assessment of debt collection proceedings in each country, helping to support decisions and manage expectations when trading internationally.
They take aim at the backbone of the connected economy and, when they strike, can jeopardize the success, or even the existence, of companies of every size and sector. Business interruption (#1 with 42 percent of responses / #1 in 2017) and Cyber incidents (#2 with 40 percent of responses, up from #3 in 2017) are this year’s top business risks globally, according to the Allianz Risk Barometer 2018.
After years in the doldrums, global trade has finally caught a decent tailwind. After an increase of 4.3 percent this year global trade could expand by 3.9 percent in volume next year. This would represent an increase in value of 6.3 percent and 7.5 percent, projects Allianz.
Russian gross domestic product (GDP) is set to grow by 1.9 percent, the oil price will move to $56 per barrel, Russian exports are set to increase by $26 billion, and both insolvencies and the negative impact of international sanctions on investment will decline in 2018, forecasts Euler Hermes, the world’s leading trade credit insurer. With this background demand for trade credit insurance is set to grow.
Still wary of the stock markets after the global financial crisis, private investors are parking their funds in banks. But inflation and low interest rates are eroding their savings, warns the Allianz Global Wealth Report…
Allianz unveiled the eighth edition of its "Global Wealth Report", which puts the asset and debt situation of households in more than 50 countries under the microscope. 2016 was politically a very turbulent year, but private wealth shrugged it off:
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…
China and India are in pole position as the race intensifies for global vehicle sales in a rapidly shifting industry set to exceed 100 million annual sales in 2019, according to Euler Hermes, the world’s leading trade credit insurer.
While global gross domestic product (GDP) growth accelerated to its highest level in two years in the first half of 2017, some of the world’s economic engines are out of sync, according Euler Hermes, the world’s leading trade credit insurer.
Euler Hermes, the world’s leading trade credit insurer, has issued an assessment of the progress the world has made a decade on from the onset of the Global Financial Crisis (GFC). “After one of the most tumultuous decades in both living memory and by any historical measure, we are seeing overall global stability and economic recovery finally beginning to gather steam,” said Ludovic Subran, chief economist at Euler Hermes.
The United States represents the largest final consumer market with nearly 30 percent of global household consumption. As it contemplates more protectionist policies, the world may have to find itself a substitute. China is a strong candidate thanks to its economic size and growth track record, according to a research note by Allianz.
Political risk is noticeably higher now than it has been in decades. But financial markets are rushing from one high to the next. What are the reasons for this disconnect? Allianz Economic Insight offers some answers...
Euler Hermes, the global leader in trade credit insurance, recently presented its latest analysis on Africa’s economic performance at a ‘Risk Frontiers 2017’ conference in London. Highlights of the speech by Stéphane Colliac, chief economist for France and Africa with Euler Hermes.
Despite a new record being set for non-financial company cash hoarding, continued high payment delays and a sharp rise in major insolvencies (companies with > 50 million euros turnover) demonstrate that global economic momentum is not without its challenges, according Euler Hermes, the world’s leading trade credit insurer.
A transition deal on goods and services between the United Kingdom and the European Union is needed to prevent a possible sharp rise in the number of UK business insolvencies in 2019, according to Euler Hermes, the world’s leading trade credit insurer.
Large shipping losses have declined by 50 percent over the past decade, largely driven by development of a more robust safety environment by ship-owners, according to Allianz Global Corporate & Specialty SE’s (AGCS) fifth annual Safety & Shipping Review 2017.
It’s not just online shopping but a customized and individual consumer experience that millennials and Gen Z shoppers want, says the Euler Hermes 'Retail, Disrupted: Pressure and Potential in the Digital Age' special report...
Euler Hermes interviewed more than 1,000 French small-medium enterprises and large businesses about their investment intentions, cash flow status and January-April 2017 order books. The fourth edition of the annual investment barometer provides an exclusive analysis of the current situation facing French companies, and of the demand and investment outlook for the next five years.
Driverless cars, robots, 3D printing, borderless digital businesses and innovations such as drones all promise to transform our world, but are accompanied by unforeseeable risks. Allianz Global Claims Review does a reality check...
In its latest study, Allianz SE and Euler Hermes analyze the impact of monetary normalization on debt service payments of the private sector in the eurozone. In contrast to the public sector (and big companies), the bulk of smaller companies and households cannot shield themselves against rising rates by issuing long-term debt, locking in current ultra-low interest rate levels.
Modern corporate liability exposures can arise from a growing number of sources and have the potential to result in larger and more complex losses for businesses than ever before, warns Allianz Global Corporate & Specialty (AGCS) in a new report 'Global Claims Review: Liability in Focus'.
What is the UK government’s Brexit strategy and key issues in the exit talks? How will Brexit affect UK companies and its financial markets? What is the long-run impact of Brexit? Allianz economists provide some answers...
Despite the healthy economic performance in 2016, the eurozone failed to make further progress in reducing macroeconomic imbalances. In the Allianz Euro Monitor, we measure these imbalances using 20 indicators.
We’ve been told time and again to not ‘put all our eggs in one basket’. Yet, many Europeans are found wanting when it comes to financial literacy and an understanding of risk concepts, finds an Allianz study...
Cybersecurity and related issues are fast emerging as the biggest risk for companies, believe risk experts in Germany and the United Kingdom, showed the 6th annual Allianz Risk Barometer released by Allianz Global Corporate & Specialty SE (AGCS) on Wednesday.
One of the paradoxes of the findings of this year’s Global Wealth Report is that while people are saving more, their assets are growing less. At least in most of the countries reviewed. Here’s a region-by-region look at the financial successes and challenges facing the world’s households.
Marked slowdown in asset growth in 2015 / Asia (excl. Japan) the one – and only – dynamic region / Households in industrial countries still wary of new debt – low interest rates notwithstanding / German savers “giveaway” EUR 200bn / Global inequality declining but in many industrial countries gains go mainly to the happy few at the top
New research from International Pensions at Allianz Asset Management shows that cities in developed countries are not the fertility traps once thought. Head of International Pensions Brigitte Miksa explains why this is just a myth from the past.
The consequences would include direct export losses of up to £30bn. According to Euler Hermes study British financial services, automotive, engineering, chemicals, food and energy industries would take the biggest hit.
Business interruption (BI) remains the top risk for fourth year in succession, with cyber-attacks, geo-political instability and technology failure new potential drivers of BI losses / The competitive market environment and cyber incidents appear in the top three global business risks for the first time / Companies are worried about increasing sophistication of cyber-attacks, but tend to underestimate technical IT failure as cause of costly outages
There will be cars without drivers, cars can be hacked like computers and you will possibly be able to get five to six hours of sleep while driving from Munich to Hamburg or from San Francisco to San Diego. Here are eight ideas about the car of the future.
Traditional automotive markets in Europe and the US are showing the most promising signs of growth and have taken a lead over struggling emerging economies, according to Euler Hermes, the world leader in trade credit insurance. The Euler Hermes report “Auto Market – a live wire” warns that the economic slowdown across emerging markets is causing car registrations to tumble:
Allianz report highlights that cyber risks are evolving far beyond privacy or reputational issues. / Global cyber insurance market forecast to grow to over $20 billion by 2025. / Interconnectivity of devices and businesses drives new risk exposures with business interruption a key vulnerability, and catastrophic scenarios a possibility. / Complexity of risk means businesses need to develop a cyber security culture with different stakeholders sharing risk management knowledge. / The Top ten countries by costs due to cyber risks.
75 large ships lost worldwide in 2014, down by a third year-on-year / South China and South East Asian waters top loss hotspots / Increasing size of container ships and floating offshore facilities could cause larger losses exceeding $1 billion / Cyber risks a growing concern in shipping sector, particularly around e-navigation / Crewing levels, Arctic shipping, the increase in human trafficking by sea and further geopolitical uncertainty create new industry risks
Currently you can help protect the environment with more than 150 green solutions covering all of our business segments, including insurance and investment products and services. You will find 7 of them in our interactive graphic.
Economists from Euler Hermes rank 44 countries, evaluating how difficult it is to collect unpaid trade debts. / ‘Top of the class': Sweden, Germany, Austria and Switzerland. / 'Under-achievers': U.S., Turkey, Italy and Poland. / ‘Bottom of the league’: Saudi Arabia, UAE, Russia and China.
Low interest rates make it more challenging to save for retirement / Every third euro in Europe is held in a low interest bank account / 'Allianz Demographic Pulse' newsletter shows how linking savings to stages in your life works
Business interruption & supply chain, natural catastrophes, fire & explosion top risks for companies in 2015. Cyber and political risks are biggest movers in rankings. / Businesses least prepared for cyber risks. Loss of reputation and business interruption main cause of loss after IT security incidents. ‘Think tank’ needed. / Long term, companies face dual challenge managing impact of climate change and technological innovation.
This year’s aviation losses contradict long-term trend of fewer than two passenger deaths for every 100 million commercial passengers / Increasing complexity of aircraft design impacting costs. New materials, ground equipment damage and risk of grounding are additional drivers of risk exposure while the cost of aviation claims is rising / Increasing fleet values and passenger growth will push value of risk exposure through $1 trillion barrier in near-future / North America and Europe head safety improvement, Africa is lagging behind / Cyber attacks perceived as growing risks due to reliance on interconnected systems
Contrary to popular belief, diabetes is not just a disease suffered by the wealthy. In fact, it is one of the most widespread illnesses in the world. The number of diabetics is set to increase dramatically over the coming years. Doctors and professional associations around the world have long been issuing warnings about the magnitude and consequences of the disease. This interactive diagram shows how severely various countries and regions are affected by diabetes.
The fifth edition of the Allianz "Global Wealth Report" analyzes the asset and debt situation of private households in more than 50 countries. Based on the findings, the global gross financial assets of private households 2013 reached the highest growth rate since 2003.
Largest financial losses come from ship groundings, fires, aviation crashes, earthquakes and storms. / Oil and gas industry losses dominate largest losses, with other sector trends and emerging risks highlighted in analysis of over 11,000 major claims. / Cost of 20 largest non-natural catastrophe incidents totalled approximately €5.9 billion (US$8.1 billion) in 2013.
100 year expansion plans for iconic waterway pose new challenges for maritime industry / Increased traffic and larger ships may raise insured cargo values by over $1 billion a day, growing accumulation risk along canal system and feeder ports / Improving safety record will be tested by heightened risk environment during opening phase of expansion
Results of first internationally comparable financial literacy assessment of 15-year-olds published by OECD in Paris today / Queen Máxima of the Netherlands: “The results are a game changer and an impetus for action in many countries.” / A look beyond PISA shows: Adults show gaps in financial education too
Earning money isn’t a sure path to wealth. At school and in university we learn astonishing facts about history, we calculate complicated algorithms and even manage to understand Latin and Egyptian hieroglyphs. But our teachers and professors never show us how to manage our income and how to turn it into more. This interactive graphic illustrates how people all over the world deal with the money they earn and their level of financial knowledge.
2014 sees the 100th “supertall” building of over 300 meters built worldwide / More than half of world’s tallest buildings have been built in last four years, with the total supertall category almost tripling in the last seven years / The high rise boom in Asia and Middle East leads the way, accounting for 90% of recent supertall projects / With values often exceeding US$1 billion, the latest supertall or “megatall” (600 meters-plus) buildings pose new challenges for insurers as well as for architects and contractors.
Top 3 in the Allianz Pension Sustainability Index: Australia, Sweden, New Zealand / Thailand is under the highest pressure to reform, followed by Brazil and Japan / More than five places upwards since the last PSI in 2011: Ireland, Luxembourg, Romania, Singapore, Turkey, the US and Greece / Dropped significantly: Croatia, France, Hong Kong, Malta, Slovenia and Taiwan
94 large ships lost worldwide in 2013, down 20% from last year, with foundering most common cause. / Piracy focus shifts away from Somalia to new hotspots: Indonesia and West Africa. / Indonesia attacks up 700% in five years. Evolving piracy tactics present new challenges. / Mega ships, Arctic shipping and alternative fuels create new industry risks
Fewer marriages, more divorces and an increased life expectancy increase women's risk of facing poverty in old age / Women from older generations are particularly affected by the financial consequences of a divorce / The global financial crisis, youth unemployment and rising debt particularly affect younger generations / More knowledge about financial issues can provide protection
In a recently published study, Allianz Global Investors (AllianzGI) shows that shares are safer than many people think. Even though the markets are subject to fluctuations, and short-term investments in particular can incur significant losses, shares have been shown to be a good investment opportunity for anyone wanting to increase the purchasing power of capital in the longer term. James D. Dilworth, CEO of Allianz Global Investors Europe, answers three questions.
Exit from extremely loose policy should take place 2014 / Rising risk of financial distortions due to expansionary monetary policy / Unlimited liquidity supply to remain in place for time being / But ECB should examine rate hike in late 2014
While many parts of Europe have not yet seen much snow, other parts of the world like the USA and Canada, have had their fair share of winter fun and winter dangers already. Driving in winter time can be a challenge. Experts from the Allianz Center for Technology (AZT) present their top six tips for safer winter driving.
Holidays are supposed to be happy times, but we all know how stressful they can be. According to the accident researchers at the Allianz Center for Technology (AZT), driver distraction is the most underestimated risk when driving. The danger of being distracted and having an accident increases during the hectic run-up to Christmas.
Global gross financial assets at new record level of EUR 111 trillion / Debt growth remains subdued / Above-average asset development in Germany since the crisis / Germany in 17th place in the global league table / Low interest rates driving change in savings behavior / In poor countries, the number of wealthy people is on the rise, while in rich countries the low wealth class is on the up
According to pan-European research conducted by Allianz in close co-operation with Allianz Global Investors*, many 50 to 70 year olds are uncertain if they can maintain their current standard of living in retirement, and will need to build additional savings to achieve their goals.
Older generation trusts the euro / French and Italians perceive largest negative impact from European debt crisis on their personal financial situation / European majority fear tax hikes and increasing inflation rates
Pressure on pension systems is forcing governments to rethink their pension policies. To avoid an income gap for future retirees, policy makers must address sustainability and find useful definitions of adequacy.
Pension reforms have begun to change income mix of private households / Lifetime benefits were cut in 16 OECD countries on average by 22% for men and 25% for women / New Allianz report reveals: rise of elderly in workforce - more 60 to 64 year olds are employed than ten years ago – biggest increase in Germany and the Netherlands
The number of centenarians will increase ten-fold by 2050 / Every second newborn baby in Germany will live to over 100 years old / East-African naked mole rats could be the key to the secret of longevity
Belgium, Greece, Portugal and Spain improve their overall score on last year / Germany, Austria and Luxembourg top the ranking / Germany, France and Ireland maintain their overall score / 10 of 17 eurozone countries see their overall score drop
Life insurance plays a key role in helping to stabilize the financial markets / Conservative investment policy spared customers hefty losses during the crisis / Life insurance is the most important tool for offering protection against life's risks, such as poverty in old age
Today, Allianz unveiled the third edition of its "Global Wealth Report", which puts the asset and debt situation of private households in more than 50 countries under the microscope. The report shows that the marked recovery in financial assets witnessed in the aftermath of the financial crisis of 2007/08 came to an abrupt standstill last year: net per capita financial assets increased by only 0.6% in 2011, as against 7.8% and 9.7% in the years 2009 and 2010.
The European research project euroFOT has demonstrated the increased safety provided by driver assistance systems in real traffic for the first time. The Allianz Center for Technology supported this effectiveness analysis. Allianz will be making use of these results for its global strategic partnerships with the automotive industry.