Allianz is planning to scale 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.
Of Allianz Companions’ complete workforce of twenty-two,600 workers worldwide, round 14,000 are chargeable for dealing with buyer queries and claims by telephone.
Citing unnamed sources, German newspaper Süddeutsche Zeitung not too long ago reported that Allianz Companions intends to scale back its workforce.
In a written assertion to Bloomberg, the corporate mentioned it’s exploring find out how to leverage AI within the coming years.
Allianz added: “We anticipate these modifications will create alternatives for studying, development and new roles throughout the firm however might also impression positions that are closely reliant on handbook processes in the present day.”
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 revenue 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 revenue attributable to shareholders was €8.11bn, up 8.7% from €7.4bn in the identical interval a yr earlier.
“Allianz to axe as much as 1,800 jobs in journey insurance coverage phase” was initially created and revealed by Life Insurance coverage Worldwide, a GlobalData owned model.
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