English

Choose language

Back

  • Deutsch

  • ελληνική

  • English

  • Español

  • Français

  • Polski

  • Português

  • Русский

  • Українська


English

How do you prefer to top up your account?

* We don't charge any commission for making deposits into your account

Allianz Mergers and New Partnerships

Target Price: €256

Allianz took two important decisions in March 2020 in order to drive its expansion in real estate and automobile insurance sector. The largest insurance company in Germany announced it would merge PIMCO, one of the world's leading fixed-yield investment management companies, and Allianz Real Estate, a company with over €70B in assets. The merger will result in creating one of the largest real estate management companies throughout the world, with €100B in assets.

Pacific Investment Management Company (PIMCO) is a company focusing on high risk and high yield investments and loans in the US and Europe. Allianz Real Estate is fully owned by Allianz, a parent company headquartered in Germany. With the two companies being similar in business portfolios, they will also be complementing one another in terms of location, investment policy, and professional experience. As a result, a powerful insurance and investment management company will be created.

Allianz X, a digital branch of Allianz Group, in cooperation with Allianz Germany, signed an agreement with General Atlantic and ControlExpert, its partner, which are the leading automobile insurance services providers. ControlExpert, backed by AI, is an international market leader in digital processing of automobile-related claims. It works with over 130 insurance companies, car dealers, repair shops, and leasing companies in 17 countries.

A collaborative platform based on the artificial intelligence supporting image recognition and other key features will reduce the fraudulent activity and enable faster and more precise compensation calculation. This will also be helpful for designing new services and special promotions for customers.