Press release -
Allianz recognised for exceptional armed forces employee support with silver award
Allianz Insurance signed up for the Defence Employer Recognition Scheme in January 2020, supporting people from the armed forces community transition into the civilian workforce.
A year after signing the Armed Forces Covenant, a promise by the nation ensuring that those who serve or who have served in the armed forces, and their families are treated fairly, Allianz Insurance has been granted the silver award in the Ministry of Defence’s Employer Recognition Scheme (ERS).
The ERS encourages company employees to support the defence community, and employers can achieve varying levels of accreditation: Bronze, Silver and Gold.
Allianz has made a lot of effort to show support to ex-Armed Forces personnel. Especially in the Inspection business, which has provided Engineer Surveyor opportunities to over 60 employees who previously served in the UK Armed Forces. Then last year, Allianz achieved the bronze accreditation.
Now, Allianz has shown it is worthy of the Silver award, by:
- proactively showing that the armed forces personnel are not disadvantaged during the recruitment and selection process
- ensuring the Allianz workforce is aware of the company’s positive policies towards defence people issues
- employing at least one individual from the armed forces community – Allianz employs over 60 Engineer Surveyors and Managers who have served in the armed forces.
- offering additional unpaid leave for training, financial assistance, and aftercare. Allianz has dedicated time to develop a successful and robust relationship with the Careers Transition Partnership, of which the Inspection department holds monthly online chats and virtual career days for ex-Armed Forces candidates with transferable skillsets.
Martin Ball, head of inspections, Allianz Insurance said: “It is amazing to be awarded the silver award. We were pleased with the bronze last year when we first signed up for the scheme, but we really wanted to go for silver this year.
“We are always striving to be the most inclusive employer we can be. We acknowledge and understand that those who have served in the armed forces should be supported, and this accreditation shows that we are doing something right.
“While we are happy with the silver, we will now look to improve further to hopefully achieve that gold status next year.”
ENDS
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About Allianz Insurance
Allianz Insurance plc is one of the largest general insurers in the UK and part of the Allianz Group
About Allianz Group
The Allianz Group is one of the world's leading insurers and asset managers with more than 100 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 790 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage 1.7 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 amongst the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2020, over 150,000 employees achieved total revenues of 140 billion euros and an operating profit of 10.8 billion euros for the group.
*Including non-consolidated entities with Allianz customers
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.
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