Tag: Allianz

Allianz Chief Economic Advisor Makes Statement on Bitcoin

Given the recent price surge, digital currencies have begun attracting a lot of attention from governments and financial institutions. Recently, Allianz Chief Economic Advisor Mohamed El-Erian made his own statement on Bitcoin. Bitcoin seen as a commodity According to El-Erian, while Bitcoin may have attracted a lot of interest from investors and the general public, it still lacks the stability required by a currency. In his statement, he noted: A currency serves as …
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Allianz Risk Transfer Successfully Tests Blockchain Technology for Catastrophe Swap

Allianz Risk Transfer AG (ART) and Nephila Capital Limited have successfully completed several tests using the blockchain technology to transact a natural catastrophe swap. In finance, a catastrophe swap is an instrument traded in the over-the-counter market which allows insurers to prevent potential losses developed from natural disasters by reinsuring against catastrophic events that often occur with high severity. During the settlement process of a catastrophe swap, an insurer establishes …
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Allianz joins forces with Nephila Capital to experiment with blockchain technology

As time passes, more and more companies are beginning to showcase their interest in blockchain technology, thus looking for new ways to take advantage of it. According to recent reports, it seems like Allianz, an international insurer based in Europe has joined forces with Nephila Capital, an investment manager to test out blockchain technology in the case of catastrophe bonds. To put things better into perspective, Catastrophe Bonds, also known …
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