Allianz SE

11/05/2024 | Press release | Distributed by Public on 11/05/2024 09:01

Floods in Spain: Allianz donates up to 1 million euros to local relief and resilience

Floods in Spain:

Allianz donates up to 1 million euros to local relief and resilience

Allianz SE | Nov 05, 2024

Heavy rain, high water and flooding have caused catastrophic damage in parts of Spain in recent days. Allianz is actively responding to the crisis by deploying a large-scale operation for its customers and donating to local relief and resilience efforts.

Claims adjusters, agents and brokers are providing on-site support to customers, making both technical and human resources available to enable immediate assistance and support for those affected.

In addition, Allianz Group is donating up to 1 million euros of which will be allocated in two ways: 500,000 euros is to be donated to relief efforts to the Spanish Red Cross. And up to 500,000 euros is to a) match employee and intermediaries' donations to Red Cross Society's Disaster Response Fund and b) to donate to local organizations that are focused on disaster prevention and resilience-building programs post-disaster, reiterating our long-term commitment to this market.

The devastating effects that this extreme weather event has had in different locations in Valencia, Albacete, Murcia, Almería and Málaga has led to a reinforcement and expansion of the staff and services of Allianz Spain's special protocol for meteorological events.

We have intensified our digital assessment systems to assess damage via mobile phone and alerted our network of experts to intervene as quickly as possible to support those affected. Dedicated teams have been working over the weekend attending to our clients and intermediaries. Also, we have made available our offices to agents displaced by the disaster.

Veit Stutz, CEO of Allianz Spain, says:

"In this very difficult situation, I would like to express my sincere condolences to all those who have lost a loved one in this terrible catastrophe. And to all those affected, and are still being affected, I send you my deepest sympathy at this difficult time.

The Allianz Spain team has been committed from the outset to providing all possible support to clients and intermediaries. That is why we have reinforced our special protocol to deal with the devastating consequences. It is in these situations where our role as insurers takes on greater relevance."

Media contact

Laura Gallach Montero
Allianz Spain
+34 93 228 6783
+34 63 839 0618

Related information

About Allianz

The Allianz Group is one of the world's leading insurers and asset managers with around 125 million* private and corporate customers in nearly 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world's largest investors, managing around 741 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.8 trillion euros** of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2023, over 157,000 employees achieved total business volume of 161.7 billion euros and an operating profit of 14.7 billion euros for the group.
* Including non-consolidated entities with Allianz customers.
** As of June 30, 2024.

Cautionary note regarding forward-looking statements

As with all content published on this site, these statements are subject to our cautionary note regarding forward-looking statements:

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