Allianz

What Allianz does

Allianz SE is a Munich-headquartered, publicly listed integrated financial services company (Frankfurt: ALV, DAX component) founded in 1890, operating across nearly 70 countries with 156,000 employees and serving approximately 97 million private and corporate customers as of December 31, 2025. The group reports FY2025 total business volume of €186.9 billion and operating profit of €17.4 billion, with a Solvency II ratio of 221% in Q1 2026 and a AAA MSCI ESG rating, indicating substantial capital strength relative to regulatory minima.

The company's revenue is generated through five primary recurring streams: Property & Casualty insurance (personal lines and commercial via Allianz Commercial, which serves more than half of Fortune Global 500 companies); Life & Health insurance; Asset Management through PIMCO and Allianz Global Investors, managing approximately €2.0 trillion of third-party assets; Trade Credit Insurance via Allianz Trade (a global leader monitoring 83 million companies across 160+ countries for risk assessment); and Assistance Services through Allianz Partners/Allianz Travel. Distribution spans direct channels (Allianz Direct digital self-service), broker networks, bancassurance partnerships (LV= in the UK, Asda, and various banks), and field sales for large corporates. Pricing is individually risk-underwritten across P&C, life, health, and specialty lines.

Allianz runs a technology-enabled insurance and asset management platform with proprietary AI capabilities at the center of operations. Its agentic AI system "Nemo" automates over 65% of claims, agentic underwriting tools compress commercial underwriting from weeks to hours, and the firm was ranked #1 in the Evident AI Index 2026 across 30 global insurers with a 28% larger AI talent pool than peers. A 10-year exclusive commercial cyber partnership with Coalition (May 2026), a global AI collaboration with Anthropic (June 2026), and the launch of the Jio Allianz General Insurance JV in India (May 2026) — alongside the planned acquisition of HSBC Life Singapore and ongoing discussions for Caravela Seguros in Portugal — illustrate that the company is simultaneously embedding AI deeper into core operations and pursuing geographic and product expansion in growth markets. Restructuring in travel insurance (1,500–1,800 roles) reflects active capital redeployment toward higher-return AI-augmented segments and active M&A.

Name

Allianz

Legal name

Allianz SE

Website

https://allianz.com

Company type

Public

Founded year

1890

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Allianz is a Munich-based integrated financial services company offering property-casualty, life-health insurance and asset management to approximately 97 million private and corporate customers across nearly 70 countries, with €186.9 billion in total business volume in 2025.

Ownership category

akta.pro rank

Product category

Integrated Insurance and Asset Management

NAICS

Insurance Carriers (5241), Direct Life, Health, and Medical Insurance Carriers (52411), Other Direct Insurance (except Life, Health, and Medical) Carriers (524128), Insurance Carriers and Related Activities (524)

SIC

Life Insurance (6311), Accident & Health Insurance (6321), Surety Insurance (6351)

akta.pro primary industry

Large Commercial Package (National Accounts) (FSAJAFAC)

Keywords

• Property casualty insurance
• Life health insurance
• Asset management services
• Trade credit insurance
• Corporate risk consulting

Headquarters

HQ city

München

HQ country

Germany

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Property & Casualty Insurance: Core P&C insurance operations including personal lines (home, motor, travel) and commercial lines, serving individual retail and corporate clients with protection against property damage, liability, and other risks.
2. Life & Health Insurance: Life insurance, health insurance, disability insurance, and protection services addressing health and wellbeing protection needs of clients worldwide, including international health and life insurance for private individuals, families, and organizations.
3. Asset Management: Managing approximately €2.0 trillion of third-party assets through PIMCO and Allianz Global Investors, offering investment management services from fixed income to equities to alternative investments for private and institutional clients.
4. Trade Credit Insurance: Allianz Trade provides trade credit insurance, surety bonds, debt collection, fraud insurance, structured trade credit, and political risk solutions. Global leader in trade credit insurance serving B2B clients.
5. Assistance Services: Travel insurance and assistance services through Allianz Partners and Allianz Travel, providing emergency assistance, medical support, and travel protection globally.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Allianz is an integrated financial services company that underwrites and distributes property and casualty insurance, life and health insurance, and provides asset management services through PIMCO and Allianz Global Investors. It also offers trade credit insurance, commercial cyber coverage, travel insurance, assistance services, and reinsurance to approximately 97 million private and corporate customers across nearly 70 countries.

Product overview

Allianz is a leading integrated financial services provider offering a comprehensive portfolio of insurance and asset management products and services. The core offering spans Property & Casualty Insurance (personal and commercial), Health & Life Insurance, Asset Management (managing €1,960 billion through PIMCO and Allianz Global Investors), and Business Insurance through Allianz Commercial serving large corporates. The company also operates specialized units including Allianz Trade (trade credit insurance leader), Allianz Direct (digital channel), Allianz Partners (assistance services), and Allianz Re (reinsurance). Recent strategic actions include a 10-year exclusive partnership with Coalition for commercial cyber insurance, the launch of Jio Allianz General Insurance joint venture in India, and ongoing AI-driven transformation with Project Nemo for claims automation.

Differentiator

Problem solved

Functional benefit

Brands

• Allianz Commercial: Commercial insurance for mid and large corporate clients, serving more than half of Fortune Global 500 companies
• Allianz Global Investors
• Allianz Partners
• Allianz Trade
• Allianz Direct
• Allianz Care
• PIMCO
• LV=
• Allianz X

Products and services

• Property & Casualty Insurance Personal insurance coverage including home, automobile, and liability protection for individual retail clients, and commercial property coverage for corporate customers.
• Health & Life Insurance International health, life, and disability insurance and protection services for private individuals, families, organizations, and partners worldwide.
• Asset Management Investment management services managing approximately €1,960 billion in assets, including fixed income, equities, and alternative investments through PIMCO and Allianz Global Investors for private and institutional clients.
• Business Insurance (Allianz Commercial) Tailored and specialist business insurance and risk consulting for mid-sized businesses to large corporations, with a worldwide network in more than 160 countries serving over half of Fortune Global 500 companies.
• Trade Credit Insurance (Allianz Trade) Comprehensive trade credit management solutions including credit insurance, surety bonds, debt collection, fraud insurance, structured trade credit, and political risk coverage, with a surveillance network monitoring 83 million companies across 160+ countries.
• Travel Insurance (Allianz Travel) Travel insurance products providing coverage for trip cancellation, medical emergencies, evacuation, and travel-related assistance services for individual consumers.
• Allianz Partners Assistance Services Assistance services and specialty insurance including international health coverage, travel assistance, and automotive assistance operating globally.
• Allianz Direct Digital direct-to-consumer channel for personal insurance products, providing online access to insurance coverage without intermediaries.
• Allianz Re Reinsurance Reinsurance operations providing risk capacity and capital relief for the Allianz Group and external clients, supporting life and property-casualty insurance lines.
• Everyday Care Workers Overseas Visitor Health Cover Overseas visitor health cover product for international graduates and skilled workers in Australia, offering uncapped GP visits and admitted hospital benefits from AUD 93 per month.
• Pet Insurance Pet insurance products covering veterinary costs and related pet healthcare expenses, distributed through partnerships including Asda in the UK.

Quantifiable outcome

• Record Q1 2026 operating profit of €4.5 billion, up 6.6% year-on-year
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability9 records

Feature3 records

Partnerships

Ten partnerships are on record, tiered minor and core.

• AirmicminorStrategic or Co-development Partner · 19 June 2026Trade association partnership through which Allianz participates in closing insurance protection gaps. The joint report with International Underwriting Association provides recommendations for tripartite communication between risk professionals, insurers, and brokers.
• AnthropiccoreTechnology or Integration · 4 June 2026Partnership to implement AI for underwriting automation and enhance responsible AI usage in insurance operations. The collaboration focuses on embedding AI more deeply into pricing, claims, and operations across Allianz's global insurance operations.
• SwanminorStrategic or Co-development Partner · 3 June 2026Embedded insurance partnership where Allianz provides assistance services for Swan's embedded banking ecosystem. Swan processes approximately €2 billion in monthly transactions across 30 European countries and serves over 150 companies.
• FloodAction CoalitionminorStrategic or Co-development Partner · 26 May 2026Allianz UK joined the FloodAction Coalition designed to create a £1 billion market for water resilience by 2028. Coalition brings together insurers, landowners, and investors to develop nature-based flood solutions.
• AsdaminorChannel Partner/ Reseller/ Distributor · 22 May 2026Extended partnership to provide home and motor insurance to Asda customers. The collaboration aims to offer integrated insurance options as part of the retailer's services.
• Distinguished ProgramsminorStrategic or Co-development Partner · 20 May 2026Launch of Marine Cargo programme backed by Allianz capacity. The program covers physical loss or damage to goods in transit and storage, including Stock Throughput, Ocean/International Transit, Domestic and Foreign Inland Transit, and Contingent Cargo.
• Jio Financial ServicescoreStrategic or Co-development Partner · 13 May 2026Jio Financial Services and Allianz Group formally launched a 50:50 joint venture, Jio Allianz General Insurance Ltd, to offer general and health insurance in India. The JV was incorporated on May 12, 2026, following receipt of regulatory approvals. This follows Allianz's exit from its Bajaj Finserv partnership and represents a significant expansion into the Indian market.
• CoalitioncoreStrategic or Co-development Partner · 6 May 202610-year exclusive global partnership making Coalition the exclusive partner for commercial cyber insurance. Coalition assumes responsibility for pricing, product development, risk mitigation, and claims management for Allianz's standalone commercial cyber portfolio. Allianz receives equity stake and board representation alongside performance-linked payments.
• LV=coreChannel Partner/ Reseller/ Distributor · 26 April 2026Long-term partnership enabling Allianz to continue offering home, motor, and pet insurance products under the LV= brand in the UK personal lines market. The partnership strengthens the relationship building on Allianz's acquisition of LV='s General Insurance business in 2019.
• OpenlyminorStrategic or Co-development Partner · 24 April 2026Growth investment round with strategic participation from Allianz X, alongside expanded reinsurance partnership with Allianz Re. The combined capital and reinsurance capacity supports Openly's expansion into additional US states and product offerings.

Scale indicators16 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Zurich Insurance Group: Zurich Insurance is a Swiss-headquartered global insurer offering P&C, life insurance, and specialty coverage with strong commercial lines. Comparable to Allianz as a top European multi-line insurer with similar distribution model and enterprise client focus.
• Munich Re: Munich Re is the world's largest reinsurer, headquartered in Munich like Allianz, with deep P&C reinsurance and direct insurance operations. Highly comparable given overlapping reinsurance/insurance activities, shared Munich ecosystem, and similar risk underwriting expertise.
• AXA: AXA is one of the largest global insurance and asset management companies headquartered in France, offering P&C, life/health, and asset management products across Europe, Asia, and the Americas. Directly comparable to Allianz in scale, product breadth, and geographic footprint as a top-3 European insurance group.
• Chubb Limited: Chubb is the world's largest publicly traded P&C insurer, offering commercial and personal lines with strong specialty insurance capabilities. Directly comparable to Allianz Commercial in serving large enterprises and high-net-worth segments globally.

Broad incumbents

• American International Group (AIG): AIG is a major global insurance organization offering P&C, life, and retirement products with strong commercial and specialty insurance expertise. Comparable to Allianz Commercial in serving large corporates, though with greater US concentration.
• MetLife: MetLife is one of the largest global life insurance and employee benefits companies, particularly strong in the US, Asia, and Latin America. Comparable to Allianz's life/health insurance business, though more concentrated in life and group benefits versus Allianz's diversified portfolio.
• Prudential plc: Prudential is a UK-headquartered life insurance and asset management company with strong Asia and Africa presence. Comparable to Allianz's life insurance and asset management segments, with similar focus on emerging market growth.
• Berkshire Hathaway: Berkshire Hathaway owns GEICO and significant reinsurance operations through Berkshire Hathaway Reinsurance Group. Comparable to Allianz in scale and P&C/reinsurance focus, though structured as a diversified holding company rather than a pure-play insurer.
• Manulife Financial: Manulife is a leading Canadian-based financial services company offering insurance, wealth and asset management with strong Asia presence. Comparable to Allianz in life insurance and asset management, particularly in Asian markets.

Regional players

• Aviva: Aviva is a UK-focused insurance, wealth, and retirement provider with select European operations. Comparable to Allianz's European life and P&C insurance segments, though much smaller and concentrated in UK/Ireland markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Allianz
• YouTubeyoutube.com/allianz
• Facebookfacebook.com/allianz
• LinkedInlinkedin.com/company/allianz
• Instagraminstagram.com/allianz
• TikToktiktok.com/@allianz

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries9 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A8 records

Investments44 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Allianz