Saturday, June 25, 2022
HomeInsurance Business AmericaAllianz Companions declares full-year numbers

Allianz Companions declares full-year numbers

By way of revenues for the total 12 months, right here’s how Allianz Companions fared:

Line of enterprise

2021 income

Change from 2020

Journey insurance coverage

€1.7 billion

Up 55.2%


€2.2 billion

Up 6%

Well being

€1.9 billion

Up 3.4%


€313 million

Up 0.4%

Direct channels

€187 million

Up 27%


€6.2 billion

Up 15.6%


“All of Allianz Companions’ strains of enterprise carried out higher in 2021 in comparison with 2020, as the worldwide economic system recovered following a few of the most extreme restrictions of the COVID-19 pandemic,” famous Allianz Companions, whose working revenue surged 70% to €256 million.

“The journey phase demonstrated the largest rebound, primarily because of the fast restoration of the US journey market. The help line of enterprise additionally confirmed optimistic progress, primarily within the dwelling and roadside help enterprise.”

Geographically, Allianz Companions mentioned all areas improved in 2021 apart from Asia-Pacific (APAC), the place the pandemic continues to affect the enterprise particularly in China and Australia.

The corporate reported: “North Americas had the largest enhance, pushed by the journey phase. Western Europe and Latin America, in addition to North Central and Japanese Europe, additionally had vital will increase in enterprise volumes.”

With progress throughout Allianz Companions, chief govt Sirma Boshnakova (pictured) known as 2021 “an amazing 12 months” for the enterprise.

“Amidst the altering headwinds of the pandemic, we pushed ahead on our imaginative and prescient of a seamless and borderless world for our prospects,” she asserted. “We saved a gentle concentrate on delivering the perfect expertise to our prospects with peace of thoughts only a click on away.

“However in reality, this efficiency is due largely to the individuals of Allianz Companions: collectively, they’re making such a distinction within the business. They’re those increasing the function of insurance coverage with a singular mixture of know-how and companies combined with a human contact.”

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