Making sure you are financially prepared for retirement is one of the most important steps you can take to protect both yourself and your family – and it is a step best taken early. Unfortunately, a recent U.S. study suggests that many People of Color may not be ready for the time after they stop working...
Euler Hermes announces an extension to the protective shield scheme
The global pandemic continues to create a volatile environment for the German economy, especially its many SMEs. So, last week’s announced extension of the protective shield is a welcome boost for businesses and the German economy.
Mass closures due to lockdown restrictions have sent shockwaves through the economy and led to the number of business interruption-related damages to soar. As a result, insurers have come under fire. They argue that pandemics are not insurable and insurance cover cannot be provided. Allianz, however, is working on solutions for the future.
The Covid-19 pandemic is one of the largest economic loss events in history for companies and insurers alike. However, it’s not only the magnitude of the impact which is unprecedented. Claims trends and risk exposures are likely to evolve in both the mid- and long-term as a result of the pandemic, according to a new AGCS report.
Connected cars need to offer adequate protection from potential cyber risks, but at the same time they have to permit discrimination-free access to the vehicle’s data so that third parties can perform servicing. Just how complex that can turn out to be in practice was discussed recently by experts at the 8th Allianz Motor Day, focusing on the example of the “virtual car key.”
BBVA Allianz Seguros, the bancassurance joint venture between Allianz Seguros and BBVA announced in April of this year, begins its operations in Spain. The new venture combines BBVA's banking expertise and distribution capacity in physical and digital channels with Allianz’s innovative, simple and digital non-life insurance solutions.
Euler Hermes: Successful extension of supply chain protection
The German government, Euler Hermes and other German credit insurers have jointly decided to extend their protective shield for the German economy by six months until June 30, 2021. The agreement is still subject to approval by the EU Commission.
Allianz agrees to purchase Westpac’s General Insurance business
Allianz today announced it has agreed to purchase the general insurance business of Westpac, and enter into a new 20-year exclusive agreement for the distribution of general insurance products to Westpac customers.