Allianz Partners rebounds due to increased travel activity in 2021
Allianz Partners (Allianz) posted strong revenue growth in 2021 as the global economy recovered from COVID-19 (coronavirus)-related disruptions. The company grew 17.2% to €6,168 million as a result of higher volume in the company’s US travel business in addition to higher fees in its assistance segment. As travel continues to recover to pre-pandemic levels, Allianz is anticipated to maintain strong performance throughout 2022.
COVID|New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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