The financial results for the first half year of 2019 have been released for AGCS and Allianz. Additionally, check out our new article about the millennial workforce as one of the key trends for companies in the next five years, according to our Trend Compass. We have also released new expert pieces about risks around renewable energy and illegal fishing. And in case you've missed it - download our Safety & Shipping Review 2019.
Financial Results Q2/6M 2019
In the first half of 2019, AGCS has increased gross premium written to €4.865 billion. The combined ratio for 6M 2019 stands at 100.4%. Operating profit reached €185 million for 6M 2019.
Renewable or green energy promises to provide a cleaner future, but the uncertainty of new technologies, financing and ownership challenges, other obstacles and even theft mean renewables can be risky for both insurers and investors.
Industrial insurers have joined forces to raise awareness about the negative impacts from illegal, unregulated and unreported (IUU) fishing and to promote extra due-diligence in underwriting in order to prevent exposure with IUU practices.