Allianz Partners continues growth trajectory driven by travel rebound
Paris, 26th April, 2023
Allianz Partners, a world leader in insurance and assistance services, today announced its full year 2022 results with 8.2 billion euros in total revenue and an operating profit of 260 million euros. Allianz Partners’ strong results in 2022 were mainly driven by the significant rebound of the travel business due to the lifting of COVID-related travel restrictions. Revenue growth supported significant new investment in Allianz Partners’ digital platforms and health business through 2022.
Overall, all business areas showed growth compared to 2021:
A deeper look into the performance of the different business areas:
The Travel Insurance business grew substantially by 80% compared to 2021, with 3.053 billion euros in revenues in 2022.
The Assistance and Mobility business reported 2.610 billion euros in revenues (+5.0% vs. 2021)
The Health business grew by +25.7%, with revenues of 2.384 billion euros last year.
Allianz Partners’ direct channels achieved 334 million euros in revenue, with +78% of annual growth.
All regions showed growth in 2022 compared to 2021 across all business segments. North Americas had the biggest increase, driven by strong travel demand in the US. The growth in APAC was driven by the border openings in Australia and New Zealand. The performance in Western Europe and Latin American was driven by the UK and post-COVID recovery, and the performance in North Central and Eastern Europe was driven by Germany and overall post-COVID recovery as well.
Tomas Kunzmann, CEO of Allianz Partners, commented: “This record performance demonstrates the success and validation of our global approach as we continue on our path to be the No. 1 insurance and assistance partner in the new digital world. This has only been possible through the commitment of the entire Allianz Partners team, which enables the business to deliver on its global promise of accompanying customers in their daily lives with solutions that offer true peace of mind, just a click away.
Looking ahead to the future, I anticipate continued growth and excellent performance across our business areas thanks to the ongoing trust of our partners and customers. By continuing to pursue our business transformation and the launch of ecosystem platforms offering digital services beyond traditional insurance, we will ensure our leadership position throughout 2023 and beyond.”
Allianz Partners’ key figures in 2022
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Press contact Allianz Partners
Fleishman Hillard email@example.com
About Allianz Partners
Allianz Partners is a world leader in B2B2C insurance and assistance, offering global solutions that span international health and life, travel insurance, mobility and assistance. Customer driven, our innovative experts are redefining insurance services by delivering future-ready, high-tech high-touch products and solutions that go beyond traditional insurance. Our products are embedded seamlessly into our partners’ businesses or sold directly to customers, and are available through several commercial brands including Allianz Assistance, Allianz Travel and Allianz Care. Present in over 75 countries, our 19,800 employees speak 70 languages, handle over 64 million cases each year, and are motivated to go the extra mile to offer peace of mind to our customers around the world.
For more information, please visit: www.allianz-partners.com
About Allianz Partners’ Customer Lab data
Allianz Partners’ Customer Lab is a proprietary quantitative database of consumer insights. The 2022 data was collected in Spring 2022 and involved surveying more than 25,000 consumers across ten major markets: Australia, Belgium, Brazil, Canada, China, France, Germany, Italy, UK, and USA. Data is analysed at a country and age group level, as well as at the total sample level.
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