Allianz

Thomas Lillelund of Allianz Commercial warns that artificial intelligence can create cumulative risks that may not be fully covered by insurance. For large-scale damages he calls for public-private solutions and partnerships; at the same time Allianz Commercial has set up its own centre to analyse AI-related losses. Lillelund says AI is changing corporate risk directly, indirectly and by amplifying existing hazards, and could in future require its own insurance line. Allianz itself uses AI to increase efficiency and aims to grow internationally in the specialty risk business. » Altro su handelsblatt.com

The Allianz share has recovered only marginally after a weekly loss of around five percent and remains well below the September high. Investors and analysts are watching the ongoing share buyback program (up to €2.5bn) and speculation about a possible takeover of the British roadside assistance firm AA as supporting factors. Analysts remain divided: DZ Bank confirms a buy recommendation and raises its price target, while Barclays stays skeptical because of weak earnings prospects. Further price action will likely depend largely on progress in the AA transaction and on earnings signals in the sector. » Altro su finanzen.net

According to a KIVI analysis, Allianz increased its market share in the German primary insurance market to 18.1 percent and is clearly leading in life insurance with 27.7 percent. In property and casualty insurance the share rose to 14.44 percent, putting Allianz ahead of public-sector insurers. After the recent sell-off the stock has recovered and is trading again above the €420 mark, which is being seen as a positive signal for long-term investors. » Altro su deraktionaer.de