How AI could change insurance

Will AI be an evolution or a revolution in the insurance space? In this article, part of the Global Risk Dialogue 02/2023 from Allianz Commercial, we discuss its likely impacts on the industry and hear from Allianz risk and technology experts about the company’s own plans to explore its potential responsibly and creatively.

Doorway to a new era in automotive insurance

As the world in which we live becomes increasingly digital, every day, more and more data is being generated, monitored and analyzed. It’s also being transferred and monetized, and in some cases, monopolized. The power and insights that can be drawn from data is not lost on corporations and industry players, and while data can improve the competitive position of those with access, the hoarding of it can stifle competition and progress.

High level of approval for data use in accident investigation

Every second respondent is willing to make their data available for insurance ser-vices / One in two drivers fears misuse of data / Three-quarters demand clear deletion procedures

Vehicle data can become a turbo for the European digital economy

11th Allianz Motor Day: Allianz welcomes the EU Data Act – but sees further need for regulation on secure exchange of vehicle data

Allianz and Fleetpool expand cooperate

Allianz Versicherungs-AG and car subscription provider Fleetpool are further expanding their successful strategic partnership in the area of New Mobility / Allianz is Fleetpool's exclusive insurer in the area of electromobility / Allianz customers receive special conditions for car subscription offers

Are we still talking about AI as a tool of the future? Not exactly.

What comes to mind when you think about Artificial Intelligence (AI) in connection to our business? We’ve narrowed it down to one word: opportunity. In a recent interview with Der Spiegel, Barbara Karuth-Zelle, Chief Operations Officer at Allianz, and Lucie Bakker, Chief Claims Officer & Board Member at Allianz Versicherungs-AG, talked about what the use of AI means for Allianz and the insurance industry.

Allianz Commercial appoints leadership for regional units Central & Eastern Europe and Southern Europe

Stefanie Thiem will be Commercial Managing Director Central & Eastern Europe / Marco Vincenzi will be Commercial Managing Director Southern Europe / Both regions will move to the new integrated model and trading name over the course of the year

Allianz to invest in Norwegian green ammonia production plants developer Fuella

Allianz provides EUR 20 million funding for the green hydrogen and green ammonia production plants developer Fuella • Allianz will hold a minority stake in Fuella and will be entitled to invest in Fuella’s future green ammonia and power-to-X projects • This is Allianz´s second direct investment into the production of green hydrogen and green molecules after the investment into Finnish green power-to-gas producer Ren-Gas end of 2022

Fires on vessels remain one of the biggest safety issues

Fires on vessels like the Fremantle Highway, which caught fire with thousands of vehicles on-board, remain one of the biggest safety issues for the shipping industry. Captain Rahul Khanna, Global Head of Marine Risk Consulting at Allianz Commercial, Captain Randall Lund and Captain Anastasios Leonburg, Senior Marine Risk Consultants, highlight some of the factors behind this trend.