Allianz is planning to cut back its workforce within the journey insurance coverage phase by between 1,500 and 1,800 workers 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 workers worldwide, round 14,000 are accountable for dealing with buyer queries and claims by telephone.
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 learn how to leverage AI within the coming years.
Allianz added: “We anticipate these modifications will create alternatives for studying, progress and new roles inside the firm however may additionally influence positions that are closely reliant on guide processes at the moment.”
In June, Allianz made headlines by letting go of 650 workers from its UK insurance coverage enterprise amidst ongoing market pressures.
The insurer has notified workers that the redundancies will have an effect on positions throughout its business, specialty and private insurance coverage divisions.
Current monetary outcomes present that Allianz’s web 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, web earnings attributable to shareholders was €8.11bn, up 8.7% from €7.4bn in the identical interval a yr earlier.
