With around 159,000 employees worldwide, the Allianz Group serves 122 mn customers in more than 70 countries. On the insurance side, Allianz is the market leader in the German market and has a strong international presence. In fiscal year 2022 the Allianz Group achieved total revenues of approximately 153 bn euros. Allianz is one of the world's largest asset managers, with third-party assets of 1,635 bn euros under management at year end.
Extreme heat is emerging as a structural economic risk, with Europe highly exposed. Heat stress events have multiplied sevenfold since the 1980s while the average death toll per event has risen fivefold....