Insurance for the additional costs caused by climate change

By: Trademagazin editor Date: 2021. 09. 27. 11:20

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The world is changing day by day, and so are our needs for services and products. Today, we can buy a number of products that previously seemed utopian, such as the hybrid smartphone tablet with a foldable screen or the ultra-lightweight, mesh-mounted bike frame with 3D printing and built-in LED lighting. Many well-known companies, however, that are very far away from the insurance sector, are entering this market segment, such as Facebook, Amazon or Alibaba. And not only do they appear, but they subvert it with the huge amount of data in their hands, their dynamism, and their advanced technology. This is why Allianz, as the insurer of the future, is constantly researching how it can serve rapidly changing consumer needs with increasingly unique services and an outstanding customer experience.

Insurance for heat above 37 degrees

“In the name of climate protection, the Allianz Group, for example, wants to bring the total output of all its real estate investments into line with the target of 1.5 degrees Celsius by 2025 in the Paris Climate Agreement. By the same date, our group of companies will reduce its greenhouse gas emissions from its operations by 30 percent compared to 2019. Accordingly, we refrain from investing in high-carbon business models. In addition, we will double the share of green electricity use by 2023 and further reduce the use of disposable plastics and paper in our operations. We do all this so that our customers can invest with us in a future in which they would like to live” Malicskó Gábor, Head of the Product Portfolio Management Division of Allianz Hungária Zrt. said.