Allianz Commercial

Cyber incidents such as ransomware attacks, data breaches, and IT disruptions rank as the most significant global risk, according to the Allianz Risk Barometer 2025. This marks the fourth consecutive year that cyber risk has held the top position, with 38% of respondents citing it as their primary concern, a notable increase from just 12% a decade ago. ? ?? Ransomware continues to be the leading cause of cyber insurance loss, representing 58% of large cyber claims in the first half of 2024. ?? A data breach remains the most feared cyber exposure for companies. ?? New technologies, particularly AI, are emerging as a new risk category, highlighting the dual-edged sword of innovation. ? As we integrate AI into our operations, we must navigate the delicate balance between harnessing its benefits and mitigating the associated risks. This evolving landscape mandates a holistic approach to risk management that considers not only cybersecurity but also the broader implications of technology adoption. ? ?? Read more: https://ow.ly/y28s50V9jNa ?? Download the Allianz Risk Barometer 2025: https://ow.ly/Scbx50V9jPe ? #AllianzCommercial #CyberRisk #AllianzRiskBarometer #CyberSecurity #AI #DataBreach #Ransomware #RiskManagement #ARB2025

At Allianz Commercial, we’re fostering a culture of entrepreneurship and innovation across our global teams - driving forward initiatives like the Sustainability Innovation Lab, where bold ideas take shape to create a more sustainable future. At the end of last year, we held our Sustainability Innovation Lab competition, and now we’re excited to announce the winners! This time, two teams stood out - one from Sustainability Solutions and another from Sustainable Operations - bringing inspiring solutions to tackle sustainability challenges. ?? Sustainability Solutions Winner: Ali Barandov (Team ‘Soloist’) secured the top spot with a visionary approach to integrating circular economy principles and recycling into business practices: "Embracing a circular economy and integrating recycling processes are essential for long-term sustainability. Insurers will play a key role in safeguarding these efforts, ensuring resilience and success through innovative solutions. A huge thank you to the Allianz Commercial Sustainability team for providing this fantastic platform!" ?? Sustainable Operations Winners: The Happy Food team - Peter Landmann, Elena Matassa, Abdullah Mamun, Brit Fiedler, and Aravind Naranayan - stood out for their idea to enhance sustainability awareness across Allianz canteens: "We were excited and inspired by the opportunity to contribute to a better future for Allianz. The experience was incredibly rewarding - not only did we expand our network with like-minded colleagues, but we also had the chance to present our idea to an engaged jury and audience." A huge congratulations to all participants for their entrepreneurial spirit and dedication to sustainability! We can’t wait to see these ideas evolve and make a lasting impact. ???? #Innovation #InnovationLab #Sustainability #Entrepreneurship #AllianzCommercial

We announced our #FY24 Results today. Allianz has once again delivered record financial results with an operating profit of 16 billion euros and shareholders’ core net income of 10 billion euros. All segments have contributed to this strong performance, which underlines the resilience of our business model. Allianz’s performance in 2024 demonstrates our ability to achieve record results across numerous dimensions and to deliver them amid a challenging and rapidly changing period. These abilities, in combination, bode well for our future sustainable value creation. “In 2024, Allianz delivered another set of record financial results, which are underpinned by strong performance across all segments, consistently high customer satisfaction, and record employee engagement. Allianz remains the trusted partner of choice for our customers in a global context of considerable volatility,” says Allianz CEO Oliver B?te. The consistency of our delivery underscores the success of our customer-centric strategy. Leveraging our deepening customer relationships, Allianz lifted our ambitions at the Capital Markets Day in December as we aim to deliver even higher capital-efficient growth in the quarters and years ahead. Watch the video for the perspective from Oliver B?te and our CFO Claire-Marie Coste-Lepoutre and find full results here: https://lnkd.in/djDTGrYy #AllianzFinancialResults #Allianz

The latest edition of the Risk Radar is out now: Sustainability trends in the spotlight. #AllianzCommercial #Sustainability #RiskRadar #GlobalRiskDialogue

?? The world of cyber security is changing fast. AI's ongoing evolution, and the subsequent changes in the risk landscape, are projected to play a major role in the expected doubling in size of the cyber insurance market in the next few years to close to US$30bn. AI is also expected to transform the insurance industry in many ways - from early fraudulent claim detection to loss prevention - as our new report highlights. Check out the key takeaways: https://ow.ly/xAix50V7q9i ? ?? Download the full report to find out more: https://ow.ly/iVs750V7qas ? This is the first in a series of three short reports from Allianz Commercial on cyber risk issues, which were voted the top concern for businesses in the Allianz Risk Barometer 2025. ? Rishi Baviskar ?Rajat Dubey ?Max Benz ? #AllianzCommercial #GenerativeAI #Cyber #CyberInsurance

We understand that protecting an institution’s leadership team is critical in the evolving landscape of the financial sector. As sponsors of the upcoming Professional Liability Underwriting Society (PLUS) Directors & Officers Symposium in New York city, our dedicated Financial Lines team is looking forward to discussing the expertly tailored risk solutions we offer. Don't miss David Ackerman, Global Practice Leader, Commercial Management Liability and Financial Institutions, on the International D&O Update panel during the conference. We are #Ready to connect! #FinancialLines #Riskmanagement #Directorsandofficers

Live-Webinar für Makler in Deutschland: Seit August 2024 kooperiert Allianz Commercial mit Coalition, Inc., dem international führenden Assekuradeur von Cyber-Versicherungen (https://lnkd.in/ePY6RBpD). In einem 2. Webinar am 25. M?rz erhalten Sie exklusive Einblicke in das Coalition-Portal für Makler und Kunden. Es geht um eine schnelle und einfache Angebotserstellung und aktiven Schutz vor Cyberbedrohungen. Au?erdem geben wir ein Update zur Cyberdeckung bei der Allianz. Angesprochen sind Makler, die für ihre Kunden im Commercial-Bereich erstklassigen Cyber-Versicherungsschutz suchen. ?Melden Sie sich hier an: https://lnkd.in/eY2t6Cj8 #Cyber #CyberInsurance #CyberRisks #CyberSecurity #Webinar #AllianzCommercial

It is no coincidence that cyber risks are the top risk for companies in the current Allianz Risk Barometer (https://ow.ly/erhQ50V6H5o). For the insurance industry, this result is a call to action. As the risk landscape changes with the advancement of AI technologies, insurance companies must adapt their products and services to meet new challenges and customer needs. ? The good news is, that insurers have been successfully using AI in risk management for a long time: AI-driven risk assessment models lead to a reduction in losses from cyber policies and a clear improvement in fraud detection. ? But there is still room for improvement: ?? Talent acquisition: Without appropriately educated or trained staff within the right roles, the transformation can’t succeed. ?? Regulatory environment: regulators need to act as a promoter of new technologies. This requires joint efforts or partnerships between the private and public sector. ?? Economies of scale: insurers need to not only develop new products but be able to scale them in an appropriate manner to enable a resilient and comprehensive risk management. ? ??For deeper insights into the role of AI in cyber security, read the full column from Dr. Dirk Vogler, Board Member at Allianz Commercial, in Versicherungsmonitor (available only in German & behind a paywall): https://lnkd.in/dWhfzZgc ? #CyberRisks #AI #Insurance #AllianzRiskBarometer #AllianzCommercial

Allianz Commercial analysis shows defective products have been the most expensive cause of liability claims over the past five years, accounting for more than 40% in value. In our latest liability report, Allianz Commercial claims experts highlight five loss trends to watch in future, given their potential impact for risk managers and their organizations, broker partners and insurers. ? ?? Read the full report here: https://ow.ly/97Su50V62J6 #AllianzCommercial #thoughtleadership #claimsreport

New Partnership Announcement from Allianz Commercial! We are pleased to announce a strategic partnership with SRC Special Risk Consortium GmbH, enhancing our Entertainment Insurance offerings across Germany, Austria, Switzerland, and Italy. ???? In collaboration with SRC, a seasoned provider of film and event insurance solutions, we are expanding our product portfolio and seizing growth opportunities in underrepresented markets. This partnership allows us to better meet the specific needs of the entertainment sector and solidify our market position. Jan Prechtl, our Regional Head of Entertainment for Europe, Africa, and the Middle East, shares, "This partnership is a significant step in advancing our entertainment strategy in Europe. By working closely with SRC, we can more precisely address market demands and strengthen our position in this segment." Dr. Alexander Strehl, Managing Partner at SRC, adds, "Our long-term partnership combines the strengths of both companies. Our clients benefit from SRC's extensive expertise in film and event insurance and Allianz Commercial's international reliability as a risk carrier." Together, we're committed to delivering high-quality, tailored insurance solutions to the film and event industries. Read more about the strategic partnership in our press release (in German): https://ow.ly/H89850V5UgI #Ensuretainment #Insurance #StrategicPartnership #Growth #AllianzCommercial