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Sustainable Insurance

Sustainable Solutions

Solutions that protect our customers, while addressing environmental and social concerns.
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203 Sustainable Solutions provided for our customers

We maintain good underwriting practices, fair claims handling, and offer a selection of sustainable products and services that support a low-carbon society and social inclusion.

As part of our corporate responsibility strategy, we are introducing more and more Sustainable Solutions. On one hand these solutions protect the environment by supporting the transition to a low carbon economy and prepare our customers for the negative effects of climate change or mitigate its associated risks. On the other hand, we offer products fostering social inclusion, for example by providing solutions for emerging consumers.

Emerging Consumers

Our Emerging Consumers business addresses the financial needs of the poorest 60 percent in low and middle income countries in Asia, Africa and Latin America. We currently insure over 49 million people.

We at Allianz are committed to expanding our emerging consumers business with the goal of closing the protection gap for more people and providing access to affordable financial services tailored to their needs. 

Emerging Consumers Report 2019

Sustainable Insurance

Since 2014, Allianz has been a signatory to the Principles of Sustainable Insurance (PSI). In 2016, Allianz together with the PSI launched a key initiative for developing ESG guidelines for non-life underwriting for the insurance industry. The first global guide to manage ESG risks in non-life insurance business is a result of a multi-year project and will be published in early 2020. 
First ESG Guide for the global insurance industry

Sensitive business sectors & the ESG screening process

If an Environmental, Social or Governance risk is detected in one of the sensitive business sectors during due diligence, a mandatory referral process is triggered. 

Asset management

We are embedding ESG issues into our third-party asset management business, and offering sustainable solutions and services. 

Our ESG approach

For insurance and investments alike, we always consider certain ESG (environmental, social, governance) factors. Here’s how we do business regarding those risks.

Proprietary Assets

As one of the world's largest investors, we are aware of our responsibility for our own as well as our customers' money. We seek sustainable investments and use our understanding of ESG issues to reduce risk in our investment portfolios.