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A recent report by Allianz has found that scammers demanded an average payment of $5.3m from hacking victims during the first six months of 2021.
In a recent fireside chat, Quantexa CEO Vishal Marria spoke with Allianz Technology CFO Andrea Pettinelli to discuss where Allianz sees growth opportunities in the insurance space alongside potential disruptions caused by big market players entering the sector.
Online payments technology provider Stripe raised a new $600m funding round that values the company at $95bn, nearly tripling from $36bn since April 2020.
Hong Kong-based FinTech unicorn WeLab raised $75m in new Series C1 funding round led by Allianz.
Purpose Financial, which claims to be building the next generation of banking technology, has secured funding from the investment division of Allianz Group.
Allianz Insurance has partnered with on-demand InsurTech platform Dinghy to help provide cover to freelancers.
Allianz France has launched its HobbiSure solution to offer insurance coverage for sports and leisure activity.
Mobile-based insurance startup Wrisk to offer new automotive coverage through new deal with Allianz Partners.
Allianz Group has used its digital investment unit Allianz X to take part in a C$100m investment in online investing service and trading app provider Wealthsimple.