Allianz Austria: strong growth despite increasing natural disasters!

Allianz Austria: strong growth despite increasing natural disasters!

Österreich, Land - On March 31, 2025, Allianz Austria published its results for 2024, which show strong growth in health insurance. According to OTS , the total premiums amounted to 1,730 million euros, which corresponds to an increase of 1.5 % compared to the previous year. The growth in health insurance, which was 14.1 %, is remarkable, while the operational result was 158 million euros.

The Allianz, however, is faced with challenges that are increasingly reinforced by high damage inflation and natural disasters. In view of the cloudy economic prospects described, efficiency increase and portfolio conversion are planned as reactions to the economic conditions. The focus for 2025 is on the development of growth potential in health insurance, company pension schemes and commercial insurance.

rising risks due to natural disasters

A worrying trend is the increase in insurance damage due to natural disasters. According to Wirtschaftsjournal , the total damage worldwide in 2023 was over $ 255 billion, of which only around $ 95 billion were insured. In Europe, the total damage was ten billion dollars, in Austria there is a problem that many people remain on the damage due to insufficient insurance opportunities.

The increase in insurance and damage gaps is primarily due to climate change, which intensifies extreme weather events. Many people underestimate the associated risks or do without insurance for cost reasons. As a result, states have to step in more and more, which is very stressful for public budgets.

Answers from the insurance industry

The World Property and Casualty Insurance Report by Capgemini and Qorus illustrates that the industry has to face structural changes in order to become climate silver, such as Capital reported. Around 40 % of the insurers surveyed consider climate change as the highest priority. Successful insurers integrate climate risks into their products and services, while consumers should be encouraged to adapt their policies to the real effects of climate change.

In addition, experts discuss the possibility of legally mandatory protection against natural disasters in Austria. An improvement in the legal framework could help reduce insurance premiums in high -risk areas and motivate more people to protect. In view of the fact that the difference between economic losses and insured damage has increased by almost 50 %, the need for global cooperation to solve these problems is essential.

Sustainability remains a central part of the company strategy of Allianz Austria, which is also active as a co -founder of the Green Finance Alliance. In 2025, the integration of ESG factors in the investment process will continue to be of great importance.