Everyone knows Allianz ($ALV (+0,08 %) ) as an insurance giant.
But did you know that the conservative image hides an innovation engine that works almost like a tech company in the background?
🔎 1. Allianz operates its own high-tech research laboratory
The "Allianz Center for Technology" (AZT) has been around for almost 100 years and hardly anyone knows about it.
What happens there?
They analyze car accidents down to the microsecond.
They test building materials for climate damage.
They are working on AI-supported prevention technology.
➡️ Goal: to prevent damage before it occurs.
🐶 2nd vet bill? Paid in 4 hours by the AI
With Allianz pet health insurance, almost everything is fully automated:
You upload your invoice, the AI reads it, recognizes the diagnosis, checks it against your policy and pays out.
On average in 4 hours.
What many people don't know: This system serves as a testing ground for the entire insurance world.
What works with dogs will soon be transferred to liability, dental and household contents.
💼 3 Allianz X - the silent VC monster
Allianz X is the venture arm of Allianz. Quiet, discreet but with a budget in the billions.
Investments have been made in:
- N26 (Fintech)
- Clark (insurance platform)
- Lemonade (Insurtech)
- Auto1 (Mobility)
➡️ Allianz is in the process of reinventing itself via start-ups without having to touch the old brand.
🎯 Conclusion:
Many are looking for the next "tech miracle".
But sometimes the future is not hiding in the garage, but in a suit.
