Allianz Kaagapay Launched to Promote Inclusivity in Insurance

 

Allianz PNB Life has partnered with award-winning social enterprise Reach52 to promote the importance of inclusivity in insurance in the country, especially in the underserved rural communities, through a new corporate social responsibility project, Allianz Kaagapay.

 

“Most of those who do not have insurance are from the most vulnerable areas of the country. Through our partnership with Reach52, we aim to provide these communities the protection they need during these challenging times,” Allianz PNB Life President and CEO Alexander Grenz said.

 

Founded in 2016, Reach52 provides screening, health worker training, affordable medicines, insurance, diagnostics and consumer health products in rural regions that existing services don’t reach. This is achieved through establishing health systems and services, powered by mobile apps and tech platforms, a community-based workforce, and partnerships with the public and private sector.

 

Through Allianz Kaagapay, Reach52 will be providing PhP25,000 worth of life insurance that includes COVID-19 coverage to its members for every purchase an Allianz Well! insurance product from August 1 to December 20, 2020. Members from Pototan and Cuartero, Iloilo will be the first beneficiaries of the insurance package.

 

“Our members are essential in our goal of extending primary care to the 52% of the world’s population who still lack access to essential health services. They are our access managers, the ones who help us fill the gap in the healthcare system in remote rural communities. We thank Allianz PNB Life for providing this support to our members,” Edward Booty, Founder and CEO of Reach52, said.

 

Allianz Well! is Allianz PNB Life’s health insurance product that has an annual plan limit of up to PhP100 million. It covers COVID19 hospitalization and ICU expenses up to the plan limit to support PhilHealth and HMO coverages. Its coverage also includes access to expert medical advice, 24/7 tele-consultation, health screening, dental services, physical activity programs, and nutrition counseling.

 

“Allianz continue to provide clients with insurance products that cater to the full needs of our customers across the various stages of their lives. In this crucial and uncertain times, we want our customers to have peace of mind knowing that Allianz cares for them and we are here to keep our promise that they can rely on us when things go wrong,” Grenz said.

 

This is not the first time that Allianz PNB Life has launched a project aimed at inclusivity. Prior to Allianz Kaagapay, it launched Project Sanlahi, which aimed to empower indigenous youths in Pampanga through the sport of obstacle course racing and financial literacy.

 

 About Reach52

Reach52 is an award-winning social enterprise, delivering healthcare for the 52% of the world who can’t access health services. They deliver screening, health worker training, and affordable medicines, insurance, diagnostics and consumer health products in rural regions where existing services don’t reach. This is achieved through establishing health systems and services in these underserved areas, powered by their mobile apps and tech platforms, community-based workforce, and partnerships with the public and private sector.

 

Currently reach52 operates their on-the-ground services for over 500 communities in the Philippines, Cambodia and India, with further countries in the pipeline, and have partnerships with over 20 leading global and regional organizations.

 

About Allianz in Asia

Asia is one of the core growth regions for Allianz, characterized by a rich diversity of cultures, languages and customs. Allianz has been present in the region since 1910, when it first provided fire and marine insurance in the coastal cities of China. Today, Allianz is active in 14 markets in the region, offering its core businesses of property and casualty insurance, life, protection and health solutions, as well as asset management. With its more than 32,000 staff, Allianz serves the needs of over 18 million customers in the region across multiple distribution channels and digital platforms.

 

About Allianz

The Allianz Group is one of the world's leading insurers and asset managers with more than 92 million retail and corporate customers. 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 673 billion euros on behalf of its insurance customers. Furthermore our asset managers PIMCO and Allianz Global Investors manage more than 1.4 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2018, over 142,000 employees in more than 80 countries achieved total revenues of 131 billion euros and an operating profit of 11.5 billion euros for the group

These assessments are, as always, subject to the disclaimer provided below.

 

Cautionary note regarding forward-looking statements

The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements.

Such deviations may arise due to, without limitation, (i) changes of the general economic conditions and competitive situation, particularly in the Allianz Group's core business and core markets, (ii) performance of financial markets (particularly market volatility, liquidity and credit events), (iii) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the EUR/USD  exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions, including related integration issues, and reorganization measures, and (xi) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.

 

No duty to update

The company assumes no obligation to update any information or forward-looking statement contained herein, save for any information required to be disclosed by law.

 

Privacy Note

Allianz SE is committed to protecting your personal data. Find out more in our Privacy Statement.

Allianz Receives Top Honors at IABC’s 17th Quill Awards

Allianz representatives receiving the Award of Excellence for Project Sanlahi under the Corporate Social Responsibility category (L-R) Patricia Ansay, Communications Specialist; Marjowyn Vito, Business Development Officer; Chris Cabognason, Chief Distribution Officer; Gae Martinez, Chief Marketing Officer; Atty. Amor Datinguinoo, General Counsel and Data Protection Officer;  and Ej Salazar, Customer Strategy Officer 

Allianz Philippines’ efforts at employee engagement, corporate social responsibility, and special and experiential events were honored at the 17^th Philippine Quill Awards.

The Philippine Quill is a prestigious awards program that honors the most reputable organizations and corporations for their “excellent communication to achieve business goals, and to make a difference in society.”

“These awards show our commitment to empowering our workforce and the communities we serve to overcome the challenges that come their way. We at Allianz are very honored that our efforts have been recognized,” said Allianz Philippines Chief Marketing Officer Gae Martinez.

Allianz received top honors for its Dare 2 Be Fit in the Employee Engagement category, Project Sanlahi for the Corporate Social Responsibility category, and Day of Courage for the Special and Experiential Events category.

Through its Dare 2 Be Fit project, Allianz encouraged its employees to participate in physical and mental challenges that included CSR activities. Its main objective is to help enhance their health and wellbeing and, at the same time, promote team spirit and create an overall positive impact in society.

Through the project, Allianz emphasized that a healthy workforce is a productive workforce. At the same time, it showed that a socially conscious workforce is not just beneficial for the company, but to society as a whole. While it started out as fitness challenge among employees, it eventually became a company-wide program that encouraged employees to be good to their overall health and well-being and, and likewise make worthwhile contributions to the community.

Its Project Sanlahi, meanwhile, celebrated the strength of indigenous peoples, particularly the Aetas of Porac, Pampanga, by introducing them to the rising sport of obstacle course racing (OCR) and giving them the opportunity to learn about financial literacy.

As most of the Aetas expressed interest in pursuing professions outside their community, the OCR and financial literacy activities showed that they can move forward and have a better life for themselves and their family. Through Project Sanlahi, Allianz likewise showed the importance of social inclusion, that one can pursue one’s dream no matter what his or her present circumstances are.

The Day of Courage project involved the holding of three different events on the same day with the unified message of encouraging people to have a better life by living it with courage. These included the Heart Run in partnership with the Philippine Heart Association; The Allianz Conquer Challenge, an obstacle course racing activity in partnership with Conquer Challenge Philippines; and the Bayanihan Walk for Filipinos in Singapore.

 

Allianz received top honors for its Dare 2 Be Fit in the Employee Engagement category, Project Sanlahi in the Corporate Social Responsibility category, and Day of Courage in the Special and Experiential Events category 

“As our tagline goes, ‘We dare you to, because we’re with you.’ We came up with these activities with this in mind, and we’ll continue to create more projects like these that would benefit society at large,” Martinez said.

About Allianz in Asia

Asia is one of the core growth regions for Allianz, characterized by a rich diversity of cultures, languages and customs. Allianz has been present in the region since 1910, when it first provided fire and marine insurance in the coastal cities of China. Today, Allianz is active in 14 markets in the region, offering its core businesses of property and casualty insurance, life, protection and health solutions, as well as asset management. With its more than 32,000 staff, Allianz serves the needs of over 18 million customers in the region across multiple distribution channels and digital platforms.

About Allianz

The Allianz Group is one of the world's leading insurers and asset managers with more than 92 million retail and corporate customers. 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 673 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage more than 1.4 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2018, over 142,000 employees in more than 80 countries achieved total revenues of 131 billion euros and an operating profit of 11.5 billion euros for the group. These assessments are, as always, subject to the disclaimer provided below.

Cautionary note regarding forward-looking statements

The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements.

Such deviations may arise due to, without limitation, (i) changes of the general economic conditions and competitive situation, particularly in the Allianz Group's core business and core markets, (ii) performance of financial markets (particularly market volatility, liquidity and credit events), (iii) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the EUR/USD  exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions, including related integration issues, and reorganization measures, and (xi) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.

No duty to update

The company assumes no obligation to update any information or forward-looking statement contained herein, save for any information required to be disclosed by law.

Privacy Note

Allianz SE is committed to protecting your personal data. Find out more in our Privacy Statement

Allianz Honored With Presidential Citation From the Phil. Heart Association for 2nd Straight Year

Allianz Philippines chief marketing officer Gae Martinez (left) receives the Philippine Heart Association’s (PHA) Presidential Citation from PHA president Dr. Nannette Rey (right) at a ceremony held recently in Conrad Hotel, Pasay City. Allianz Philippines is the only non-pharmaceutical company that received the award for its support to the advocacy on building awareness about cardiovascular health.

MANILA, Philippines -- Allianz Philippines recently received a presidential citation from the Philippine Heart Association (PHA) for staunchly supporting its advocacy projects geared toward creating awareness and lay education about cardiovascular health. This is the second year that the company received the award. It is the only non-pharmaceutical company to have done so.

“The numbers are alarming when it comes to the prevalence of cardiovascular diseases. Angina, for one, has caused 17.3 million deaths each year. As a company that advocates health protection, we consider it our duty to do our share in promoting awareness about heart health,” said Gae Martinez, Allianz Philippines chief marketing officer, who received the award on behalf of the company during the 50th PHA Annual Convention at the Conrad Hotel in Manila.

Allianz Philippines was the Official Life Insurance Partner of the PHA in its celebration of Heart Month last February. For two years running, the company has also been the PHA’s partner for its Camp Braveheart. Conceptualized in 2007, the program seeks to encourage children who were born with heart disease and have undergone surgery to live a normal life like other kids. During the said event, Allianz conducted a financial literacy exercise for the participating kids’ parents.

Also, last February, Allianz Philippines sponsored the PHA’s Heart Fair in Tacloban as well as the launch of their Angina Awareness campaign in K. Kangleon, Palo, Leyte. Angina is one of the symptoms of coronary heart disease and is the world’s number one killer, according to the World Health Federation. Cardiovascular disease is now considered an epidemic that is projected to cause 52 million deaths in 2030 unless measures are taken.

Allianz and the PHA have, likewise, partnered in a nationwide Health Caravan that went to the cities of Cagayan de Oro, Davao, Iloilo, Cebu, and Manila. PHA doctors delivered lectures educating bankers and agents about angina and the 502100 campaign, which encourages people to live a healthy active lifestyle.

More recently, Allianz and the PHA launched the Fit Heart Minute videos, which aims to teach Filipinos to be more active. They consist of one-minute exercise videos featuring Dr. Rey as well as fitness coaches and TV host Jim and Toni Saret.

About Allianz in Asia

Asia is one of the core growth regions for Allianz, characterized by a rich diversity of cultures, languages and customs. Allianz has been present in the region since 1910, when it first provided fire and marine insurance in the coastal cities of China. Today, Allianz is active in 14 markets in the region, offering its core businesses of property and casualty insurance, life, protection and health solutions, as well as asset management. With its more than 32,000 staff, Allianz serves the needs of over 18 million customers in the region across multiple distribution channels and digital platforms.

About Allianz

The Allianz Group is one of the world's leading insurers and asset managers with more than 92 million retail and corporate customers. 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 673 billion euros on behalf of its insurance customers. Furthermore our asset managers PIMCO and Allianz Global Investors manage more than 1.4 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2018, over 142,000 employees in more than 80 countries achieved total revenues of 131 billion euros and an operating profit of 11.5 billion euros for the group

These assessments are, as always, subject to the disclaimer provided below.

Cautionary note regarding forward-looking statements

The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements.

Such deviations may arise due to, without limitation, (i) changes of the general economic conditions and competitive situation, particularly in the Allianz Group's core business and core markets, (ii) performance of financial markets (particularly market volatility, liquidity and credit events), (iii) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the EUR/USD  exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions, including related integration issues, and reorganization measures, and (xi) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.

No duty to update

The company assumes no obligation to update any information or forward-looking statement contained herein, save for any information required to be disclosed by law.

Privacy Note

Allianz SE is committed to protecting your personal data. Find out more in our Privacy Statement.

Pinoy Youth Pride, AJFC Team Pinas Brings Gold, Silver From Munich, Germany

Football is a sport that requires nothing but a field and a ball. The football ground does not exactly  need to be fancy for the purpose of training. It's amazing how Filipino youth are now giving this sport a chance to help with their active lifestyle.

From the recently concluded Allianz Junior Football Camp (AJFC) 2018 that was held in Munich, Germany, our Philippine representatives Juan Miguel Basmayor and Catherine Angelica Bradborn bagged silver and bronze medals in. 

The two were members of the teams that won the silver and bronze medals at a tournament held at Säbener Straße on the last day of the five-day camp attended by 56 young players ages 14 to 16 from 24 different countries.

Basmayor, a former national team player for football, now plays for De La Salle Zobel. Bradborn, on the other hand, a rookie who hails from Pampanga, plays for Luenthai Football Club.

“The kids at the camp were very competitive. They all played to make their country proud. But I had to make sure that despite our cultural differences and the language barrier we understand each other. We speak the same language when it comes to football,” Basmayor said.

For her part, Bradborn showed her determination to continue a career in football and represent the country. “I am only new in the game unlike Basma, but my advantage as a goalkeeper is my height. I have not seen girls who play football with the same height,” said the 16-year old, Filipino-British player who stands at 5’9” tall.

According to Bernadette Pantoja, Allianz PNB Life Vice President for Bancassurance Distribution Partner Head – HSBC, who coached the kids during their stay in the camp, “We are so proud of our AJFC kids, because they were leading their teams in the camp. Their team members were relying on them.”

According to Pantoja, prior to the tournament, the players attended three training sessions in theory and practice, which was led by World Cup winner Klaus Augenthaler, whose 15-year career playing for FC Bayern Munich led to seven Bundesliga titles.

A third representative from the Philippines, Ivy Tapiz from Dipolog joined Basmayor and Bradborn in the Munich camp. Tapiz, an equally talented football player, won the camp’s Robotics activity. The robot designed by Tapiz will be launched in the stratosphere by German astronaut Gerhard Thiele.

The 10^th AJFC focused on building ‘confidence’ and ‘trust’ and making a ‘change’.

The camp participants got to see their idols up close during an open training session and meet and greet session, where they landed photos and autographs with the likes of world champion Corentin Tolisso, Thomas Müller and long-serving Bayern captain Oliver Kahn. Other highlights of the camp was a talk by Bastian Schweinsteiger and a live game match at the Allianz Arena, where they watch a live football match between FC Bayern and Chicago Fire.

Millennials Making Financial Progress, but Efforts Thwarted by Influence of Social Media

Millennials are often labeled as being financially irresponsible, spending too much on frivolous things or experiences, but they are actually positioning themselves to be in better financial shape than other generations, according to the Generations Ahead Study from Allianz. The study found that 77% of millennials feel financially confident (compared to only 64% of Gen Xers).

Further supporting this financial progress, 41% of millennials reported they always set aside money each month for saving (compared to only 36% of Gen Xers) and 58% believe saving for retirement is a basic necessity, like food or housing. Many millennials (71%) also use “tricks” to make saving money easier. For example, the majority of them use several different accounts to automatically save their money for specific purposes (one for everyday expenses, one for a particular loan, one for a special trip, etc.). 

Social Media Dangers

As their financial strength builds, however, social media has become the millennials’ financial Achilles’ heel. More than half (55%) reported experiencing a fear of missing out (FOMO) and 57% spent money they hadn’t planned to because of what they saw on their social media feeds. The vast majority (88%) of millennial respondents also believe social media creates more of a tendency to compare one’s wealth/lifestyle with others (versus 71% of Gen Xers and 54% of boomers). Sixty-one percent feel inadequate about their own life and what they have because of social media. And perhaps due to this FOMO, half also claim they spend more money going out than they do on rent or mortgage.

Learning from the past, seeking help for the future

Recent financial traumas witnessed by millennials have also had a profound effect. Nearly a quarter (24%) of millennials saw their parents suffer a major financial setback during the recession of 2008-2009 and possibly because of this, 57% said they are unlikely to ever invest in the stock market. Additionally, 65% are uncomfortable with too much debt because they saw their parents struggle with it.

The study also found that this generation is the most open to getting help. While the vast majority of millennials (70%) use online apps or tools to help them manage their money, human support is still very valuable to them. In fact, 40% of millennials said they have a financial professional and work closely with them (compared to only 25% of Gen Xers).They also prefer to communicate in person with a financial professional (42% ranked it as their first choice with phone communication coming in second at 19%). Many millennials believe having a financial professional would give them some relief from the pressure of trying to plan for their family’s future, as 70% are overwhelmed by the thought of how they could provide for themselves and their family in the long term.