Allianz to axe up to 1,800 jobs in travel insurance segment

Allianz is readying to trim its workforce successful the question security conception by betwixt 1,500 and 1,800 employees implicit the coming 12–18 months, reported Reuters, citing sources.

Most affected positions are wrong telephone centres arsenic the institution moves guardant with integrating AI into its processes, the root added.

Of Allianz Partners’ full workforce of 22,600 employees worldwide, astir 14,000 are liable for handling lawsuit queries and claims by phone.

Citing unnamed sources, German paper Süddeutsche Zeitung precocious reported that Allianz Partners intends to trim its workforce.

In a written connection to Bloomberg, the institution said it is exploring however to leverage AI successful the coming years.

Allianz added: “We expect these changes volition make opportunities for learning, maturation and caller roles wrong the institution but whitethorn besides interaction positions which are heavy reliant connected manual processes today.”

In June, Allianz made headlines by letting spell of 650 employees from its UK security concern amidst ongoing marketplace pressures.

The insurer has notified employees that the redundancies volition impact positions crossed its commercial, specialty and idiosyncratic security divisions.

Recent fiscal results amusement that Allianz’s nett income attributable to shareholders for the 3rd 4th of 2025 roseate by 15.2% to €2.8bn ($3.24bn), compared to €2.4bn successful the aforesaid play past year.

Operating nett during this play accrued by 12.6% to €4.4bn from €3.9bn a twelvemonth earlier.

In the archetypal 9 months of 2025, nett income attributable to shareholders was €8.11bn, up 8.7% from €7.4bn successful the aforesaid play a twelvemonth earlier.

"Allianz to axe up to 1,800 jobs successful question security segment" was primitively created and published by Life Insurance International, a GlobalData owned brand.

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