Allianz Partners to Cut Up to 8% of Workforce in AI Push
By Joshua Kirby
Allianz said it is cutting up to 1,800 jobs in Europe as it pushes to include more artificial-intelligence tools in its insurance business.
The German group said Allianz Partners, which offers health, life and travel insurance to businesses and consumers, is progressing on a plan that affects between 1,500 and 1,800 employees in Europe, including 80-100 in Germany. Allianz Partners employs more than 22,000 people globally.
The move comes amid a drive to transform the company's business with AI, it said in a statement Wednesday.
"AI is helping us redesign processes, improve service delivery, tailor our offerings to individuals and remain affordable," Allianz said. Call-center employees are "in scope" in the planned job cuts, the company said.
"The goal is not to remove the human element from assistance, but to [have] AI working alongside our people so they can focus on the moments and tasks where they create the greatest value for our customers and our business."
The insurer's U.K. arm last year said it was aiming to cut its workforce by 650 roles, around 11% of the total in the country, as it looked to become a more digital-led business.
Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby
(END) Dow Jones Newswires
July 08, 2026 11:07 ET (15:07 GMT)
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