Press release -
Allianz Holdings diversifies suppliers
Allianz Holdings is striving to place more business with diverse suppliers through a pilot with Kaleida International, an inclusive business-to-business (B2B) marketplace for tenders.
Suppliers listed on Kaleida are businesses which are at least 51% owned and operated by women, veterans, people from ethnic minorities, from LGBTQ+ communities, or people who are neurodivergent or living with disabilities. These suppliers are often certified by a third-party entity but can also be self-certified.
The partnership with Kaleida will support procurement, supply and workplace services within the Allianz group, including LV=, as they look to diversify their pool of providers. Alongside traditional market research tools, it will help them identify, assess and invite diverse suppliers to their upcoming tenders. The types of contracts that may come in its scope include software and IT services, research and insight or asset valuation, to name a few examples.
The supplier diversity pilot runs until the end of the year, allowing Allianz to deep dive into its pipeline of opportunities and review the Kaleida platform in detail to maximise all the benefits that the partnership can bring. It builds on other Environmental, Social and Governance (ESG) initiatives, such as Allianz’s sustainable procurement charter, which prioritises suppliers with strong ESG commitments. The Kaleida partnership focuses on the social element of the ESG agenda.
Oleh Melnyk, head of procurement at Allianz Holdings, commented: “Not only is it the right thing to do but it will also give us a competitive edge. We know the richness of thought and action that come with diversity and we’re looking forward to working with our new suppliers.”
Jason Roberts, founder and CEO of Kaleida International, added: “We are thrilled to welcome Allianz on board Kaleida as part of its ESG initiative. Our unique ability to connect diverse suppliers who join our fully inclusive platform to the published tenders of thought-leading corporations like Allianz will greatly improve the economic outcomes of firms owned by marginalised, diverse communities.”
About Allianz Holdings plc
Allianz Holdings plc is the non-regulated holding company which owns the principal insurance operations of Allianz SE in Great Britain including Allianz Insurance
The Allianz Group is one of the world's leading insurers and asset managers with 126 million* private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 716 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage nearly 1.8 trillion euros** of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2021, over 155,000 employees achieved total revenues of 148.5 billion euros and an operating profit of 13.4 billion euros for the group.
These assessments are, as always, subject to the disclaimer provided below.
*Including non-consolidated entities with Allianz customers.
** As of 30 June 2022
Cautionary note regarding forward-looking statements
This document includes forward-looking statements, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements. Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz Group's core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates, most notably the EUR/USD exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions including and related integration issues and reorganization measures, and (xi) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.
No duty to update
The Allianz Group assumes no obligation to update any information or forward-looking statement contained herein, save for any information we are required to disclose by law.
Kaleida is a fully-inclusive B2B marketplace for Tenders connecting Buyers to Suppliers, and Diverse Suppliers
We help Buyers find, identify and then assess diverse suppliers they wish to invite to Tender, irrespective of the supplier’s diversity.
Exclusive is not Inclusive.