Press release -
Allianz Insurance supports Defence Employer Recognition Scheme
In recognition of the adoption of the Armed Forces Covenant, Allianz Insurance has been awarded the Bronze Award in the Defence Employer Recognition Scheme.
Allianz joined the scheme in November 2020 and has pledged to uphold commitments including:
o Striving to support the employment of service spouses and partners
o Seeking to support employees who choose to be members of the reserve forces
o Seeking to support the employment of veterans young and old
o Supporting Veterans Work UK
Additional unpaid leave for training, financial assistance and after care are also offered, and Allianz has started working with the Careers Transition Partnership holding online chats and virtual careers days for ex-Armed Forces candidates with transferable skillsets.
Jon Dye, CEO, Allianz Holdings commented: “We are always striving to be the most inclusive employer we can be. This public pledge demonstrates that we acknowledge and understand that those who have served in the armed forces should be supported and respected when transitioning back into civilian life. I’m pleased to say we already have over 60 Engineer Surveyors and Managers who have served before joining Allianz and I’m sure we’ll welcome many more.
“We’ve made great additional strides since signing up and are looking to promote the programme across all business lines. By its nature the insurance industry needs people with a wide range of skills and we hope to promote the career opportunities available.”
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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.
About Allianz
The Allianz Group is one of the world's leading insurers and asset managers with more than 100 million retail 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 740 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage almost 1.6 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2019, over 147,000 employees achieved total revenues of 142 billion euros and an operating profit of 11.9 billion euros for the group.
These assessments are, as always, subject to the disclaimer provided below.
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.
