The Allianz Group is significantly expanding its climate strategy by announcing an ambitious climate change protection plan. The plan will actively support the global initiative to change to a low-carbon economy over the coming decades. If Allianz’s climate change protection plan is followed through, the insurer will have phased out its property investments in coal-based business by 2040. Oliver Bäte,

By law, all shipping carriers are forced to offer a minimum amount of cargo insurance. But as suggested, it offers limited coverage. As a shipper, you can purchase additional cargo insurance to further protect your merchandise. This would give your cargo coverage while it’s in storage and in transit until it reaches its final destination.

Allianz announced the creation of Allianz Insurance Lanka (Allianz Lanka) after it reached an agreement with Janashakthi Insurance PLC to acquire 100 of its subsidiary (Janashakthi General Insurance Ltd.) for €85.9 million, or approximately US$106.3 million. The transaction is still subject to regulatory approval and is expected to be completed in the first quarter of

Allianz UK reported higher profits and an improvement to its core ratios for the year to December: The UK operations of the German insurer saw operating profit for the year rise to £121.3m from £96.2m in 2016. Chief Executive Jon Dye said higher profits would have been met if it wasn’t for the Ogden discount.

Reefer market has seen a recovery in the last couple of years. In 2015, worldwide international refrigerated perishables trade volumes dipped by 2% of an estimated 144.4 million tons. The reefer market grew in 2016 by 3.5% and in 2017 it was expected to improve by 4% as trade in both conventional reefer ships and