Allianz is planning to cut back its workforce within the journey insurance coverage phase by between 1,500 and 1,800 staff over the approaching 12–18 months, reported Reuters, citing sources.
Most affected positions are inside name centres as the corporate strikes ahead with integrating AI into its processes, the supply added.
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Of Allianz Companions’ complete workforce of twenty-two,600 staff worldwide, round 14,000 are liable for dealing with buyer queries and claims by cellphone.
Citing unnamed sources, German newspaper Süddeutsche Zeitung lately reported that Allianz Companions intends to cut back its workforce.
In a written assertion to Bloomberg, the corporate mentioned it’s exploring tips on how to leverage AI within the coming years.
Allianz added: “We anticipate these adjustments will create alternatives for studying, progress and new roles throughout the firm however may additionally influence positions that are closely reliant on guide processes at present.”
In June, Allianz made headlines by letting go of 650 staff from its UK insurance coverage enterprise amidst ongoing market pressures.
The insurer has notified staff that the redundancies will have an effect on positions throughout its business, specialty and private insurance coverage divisions.
Latest monetary outcomes present that Allianz’s internet earnings attributable to shareholders for the third quarter of 2025 rose by 15.2% to €2.8bn ($3.24bn), in comparison with €2.4bn in the identical interval final yr.
Working revenue throughout this era elevated by 12.6% to €4.4bn from €3.9bn a yr earlier.
Within the first 9 months of 2025, internet earnings attributable to shareholders was €8.11bn, up 8.7% from €7.4bn in the identical interval a yr earlier.
