Tag: Allianz

International insurer Allianz SE is to acquire 72% of Greek insurer European Reliance General Insurance Company, as it looks to grow its franchise.

Paris-based insurer Seyna has raised €33m in a Series A round led by WhiteStar Capital and Elaia Capital.

Allianz has entered into an agreement with London-based InsurTech Cytora to enhance Allianz’s commercial insurance business with AI-based digital risk processing solutions.

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.

InsurTech has the potential to offer new revenue streams and to even help restore the public perception of the insurance industry.

Allianz Insurance has partnered with on-demand InsurTech platform Dinghy to help provide cover to freelancers.