All Allianz articles – Page 2
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NewsAllianz Insurance has issued BI claims pay outs on 75% of valid claims
Allianz Insurance has confirmed that it has paid out on 75% of its valid business interruption (BI) claims – by the end of January 2021, this amounted to 1,832 interim and final claims payments.
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NewsVaccination delay could cost EU economy 90 bln euros - Allianz study
The EU faces a potential 90 billion euro ($108.19 billion) hit to its economy this year unless it catches up with the pace of COVID-19 vaccinations in other regions, a study showed on Wednesday.
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NewsAllianz gets approval to set up insurance asset management firm in China
Allianz said on Thursday it had obtained regulatory approval to set up China’s first wholly foreign-owned insurance asset management company, as the German insurer steps up expansion in the world’s second-biggest economy. The greenlight from the China Banking and Insurance Regulatory Commission (CBIRC) comes a month after the signing of ...
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NewsInsurers face ‘mind-blowingly’ large loss if Olympics cancelled
Insurers are facing a $2-3 billion loss if the Tokyo Olympics are cancelled this year, amounting to the largest ever claim in the global event cancellation market, brokers say.
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NewsReuters: Aviva sets Feb deadlines for $6.6 billion disposals in France, Poland - sources
The London-based insurer, led by boss Amanda Blanc, is expected to sell its French business for about 3.5 billion euros while the Polish operations are valued at roughly 2 billion euros, the sources said.
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NewsBI and pandemic top Allianz Risk Barometer 2021
Pandemic is a “reminder that risk management and business continuity management need to further evolve”
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NewsAllianz announces medium-term green targets for some investments
It is the first time that Allianz, which is also one of the world’s largest investors, has announced interim targets.
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NewsAllianz begins eight-year worldwide Olympic & Paralympic partnership
Allianz has officially begun its eight-year worldwide partnership with the Olympic & Paralympic Movements, building on a collaboration with the Paralympic Movement since 2006.
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NewsAustralia’s Westpac sells general insurance unit to Allianz for $535 million
The transaction is the latest in a series of sales of underperforming insurance assets by the country’s Big Four banks, as lenders re-focus on local core operations, after a series of scandals ramped up regulatory scrutiny on the sector.
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NewsAllianz cautious on outlook despite surprise profit rise
After a short period of economic recovery, the recent increase in infection rates has led many governments to intensify containment measures again to limit the spread of COVID-19. As the challenging socio-economic conditions persist, Allianz Group demonstrated its resilience again in the third quarter of 2020 and recorded a solid ...
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NewsAllianz Insurance has rolled out free access to online learning platform, LinkedIn Learning, to many of its independent brokers
Building on Allianz’s existing Broker Training proposition, which provides webinars and technical broker training programmes to all brokers, the new offering will provide select independent and regional brokers with access to more than 16,500 on-demand courses from LinkedIn Learning.
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NewsReuters: Telefonica to team up with Allianz for €5 billion investment in Germany: Expansion
Spanish telecom giant Telefonica is readying an alliance with the private equity arm of German insurer Allianz to finance a 5 billion euro infrastructure investment in Germany, Spanish newspaper Expansion said on Monday.
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People & OpinionAllianz appoints new head of claims operations
Allianz Insurance has appointed Graham Stait to the position of head of claims operations. In his new role, Graham will be responsible for leading the development and delivery of Allianz’s claims operational strategy, leveraging enhanced people, data and digital capabilities to drive continuous improvement and positive customer outcomes. In his ...
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NewsAllianz Insurance welcomes first online graduate intake
Enrolled across six schemes Allianz has welcomed 39 new graduates to its 2020 graduate programme. With degrees ranging from geography and economics through to history and politics the talented graduates will gain extensive exposure to the business and wide ranging career skills. The schemes are as follows: Management Trainee ...
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NewsReuters: As the world races into vaccine trials, insurers remain unfazed
The world is racing towards a vaccine in record time, stirring public concerns about safety to the extent that nine leading developers have felt compelled to issue a pledge to uphold scientific standards and testing rigour. Yet, while more than 40 experimental COVID-19 vaccines are being tested on humans, the ...
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NewsAllianz and LV=GI join Race at Work Charter as part of their commitment to diversity and inclusion
Together both organisations will work towards fulfilling the objectives of the charter through existing multi-cultural employee networks and a specific Race at Work Group that will meet regularly to drive action and change. Jon Dye, Allianz Holdings CEO and chair of the D&I steering Group for Allianz Insurance: “Signing ...
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NewsCovid-19 is changing claims trends and risk exposures, according to new Allianz Report
Traditional property and liability claims have been subdued during lockdowns but this was more than outweighed by a surge in Covid-19 related claims notifications, particularly from the entertainment industry. Impact of the pandemic will shape future loss trends for companies in the mid- and long-term with changes ...
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NewsAllianz and Rugby Football Union announce landmark partnership
Allianz Insurance and the Rugby Football Union (RFU) have today announced a new agreement in which Allianz will become the Official Insurance Partner of England Rugby, and partner to the men’s and women’s England rugby teams. The landmark partnership will also see Allianz Insurance supporting the top women’s domestic rugby ...
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NewsGerman court rules insurer must pay restaurant’s lockdown claim
A German court has ruled that a Munich restaurant’s insurer must pay out a claim for losses caused by the state-imposed COVID-19 lockdown earlier this year, the first prominent such case in Germany in which the court found in favour of the plaintiff. There are hundreds of similar lawsuits pending ...
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NewsJubilee Insurance and Allianz forge strategic partnership
Jubilee Holdings , East Africa’s largest insurance group, and Allianz, one of the world’s leading insurers and asset managers, have signed an agreement to establish a strategic partnership in the five African countries where Jubilee Insurance currently operates. The partnership covers the general insurance business (also known as the ...
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