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.
According to the latest accident research of the Allianz Center for Technology (AZT), many people are carrying out everyday tasks whilst driving in their cars – such as changing clothes or body care – and none of them can pay enough attention to the task at hand. Every tenth accident is related to distraction.
1.0 percent growth expected in 2012, 2.0 percent 2013 / Consumer demand remains key mainstay / Unemployment set to fall further to 2,5 million by end-2013 / Public-sector budget almost in balance by 2013
How does climate change affect the business model of a large insurance company? In a unique consortium including JBA Consulting, InterMap Technologies, the UK Met Office, WWF Germany and Allianz SE public and private expertise was combined in order to scientifically assess this question. The unparalleled study proves the viability of using currently available methods and data to manage future extreme risks.
In many parts of the world Valentine's Day is a day of celebration for lovebirds, sweethearts and married couples alike. But despite all the fine romance - reality looks quite different. "Forevermore" is becoming rare.
If no cure is found, the number of dementia cases worldwide will triple from 36 million today to more than 115 million by 2050 as a result of rising life expectancy. This is the main finding in the most recent issue of Allianz Demographic Pulse, which is dedicated to the topic of dementia and Alzheimer’s disease.
People are living longer; the global population is growing. The particularly strong population growth in the emerging economies is simultaneously accompanied by dynamic economies. A new study by Allianz Global Investors (AGI) looks at the opportunities that this development is now offering investors.
Prevent old-age poverty or maintain our standard of living? How do we adequately prepare for old age? A new publication by Allianz Global Investors provides clarity and insights for forward-looking investment strategies.
New publications on demographic trends / In just 100 years the world's population quadrupled to 7 billion / Global population aging at double speed: birth rates are falling and life expectancy is rising
Floods are the most common natural catastrophe worldwide. And yet the risks from them are largely man-made or at least aggravated by human activity. A new paper by Allianz looks at risks and basic steps people can take to reduce their damages.
New research from RCM, a company of Allianz Global Investors, reveals that investors’ portfolios are not negatively impacted by the introduction of environmental, social and governance (ESG) criteria into the stock selection process, and demonstrate a probability of outperformance over the longer term.
According to the latest UN forecasts the number of people aged 90 years and older will increase six-fold by the middle of this century. In 2050, worldwide more than 71 million people are expected to be 90 and older and around 3.2 million of them will have already celebrated their 100th birthday.
Depression is not just a major cause of disability and early retirement – it costs some 9.3 billion euros because of lower productivity by depressed employees on the job. Researcher Florian Holsboer foresees individualized therapy for each case in the future.
Forecast: In the future nearly 30 percent of annual economic output will be spent on pension, health and care costs / Germany in 2050: 40 percent of the population will be over 60 / Aging will affect industrialized and emerging countries alike / Sustainable social systems and economic growth are essential
Insured claims from natural catastrophes are increasing dramatically / Asian economic growth and climate change impact introduces new challenges / In the past decade, smaller earthquakes often caused higher fatalities / Preparedness and prevention extremely important
With ongoing consolidation and moderate growth Greek government debt ratio will fall from 150 percent in 2011 to 115 percent in 2020 / Debt ratio in Spain, Portugal and Ireland also on clear downward path / Institutional reforms should be implemented swiftly
Horoscopes are especially popular at the beginning of the year. Which sign is predicted to enjoy the most success in 2011? Hobby astrologers are united by the belief that faith alone can sometimes move mountains. Allianz would like to take this as an opportunity to investigate the claims frequency of each of the 12 signs of the zodiac.
More Americans would rather connect with their nearest financial professional than sign up for a personal trainer and gym membership, according to a recent survey from Allianz Life Insurance Company of North America (Allianz Life).
The four percent drop in air traffic in 2009 as a result of the economic crisis had little effect on the aircraft industry's level of activity, given its well-filled order books. However, European and American airlines saw their profitability plummet, while those in emerging countries were already benefiting from strong economic recovery and an explosion in local demand.
Study introduces macroeconomic monitoring aimed at ensuring balanced growth in the euro area / Ranking finds 'middling performance' in 13 out of 16 eurozone countries / Germany, Austria, Luxembourg and the Netherlands top the ranking / Portugal and Spain still vulnerable