Allianz Partners Confirms 1,800 Job Cuts as AI Automation Reshapes Insurance Operations

CEO Tomas Kunzmann confirmed July 8 that Allianz Partners will cut 1,500–1,800 jobs across Europe over 12–18 months via AI deployment in claims processing and customer service. Reuters first reported the plan last November; official confirmation ends months of mandatory labor consultation. The firm frames the restructuring as margin expansion through automation, not cost-cutting from weak underwriting.