Allianz : The Bigger Picture

'Financial service providers act as the lubricating oil in the economy,' said John Bruton, the former Prime Minister of Ireland.

And yet, an estimated 2 billion adults worldwide do not have access to formal financial services.

Last year, Allianz rebranded its 'Microinsurance' business as 'Emerging Consumers', ensuring greater flexibility to meet the different needs of customers in emerging markets. This emphasis on customer needs instead of products means that we can offer diverse and tailored services beyond microinsurance to low-income customers in Asia, Africa and Latin America. Micro-savings and micro-equity are two examples of such solutions that we have recently added to our Emerging Consumers offerings.

In 2016, Allianz reached 55-million mid- to low-income customers in emerging markets, resulting in over 302 million euros in revenues.