Allianz and LV=GI join Race at Work Charter

Posted: 07 October 2020


Run by Business in the Community (BITC) the charter sets out five responsibilities and is a public pledge made by organisations towards racial equality.

The five commitments are to:

  • Appoint an Executive Sponsor for race
  • Capture ethnicity data and publicise progress
  • Commit at board level to zero tolerance of harassment and bullying
  • Make clear that supporting equality in the workplace in the responsibility of all leaders and managers
  • Take actions that support ethnic minority career progression

Together both organisations will work towards fulfilling the objectives of the charter through existing multi-cultural employee networks and a specific Race at Work Group that will meet regularly to drive action and change. 

Jon Dye, Allianz Holdings CEO and chair of the D&I steering Group for Allianz Insurance: “Signing this charter is a key milestone on our diversity and inclusion journey. We take the topic really seriously and have been making great strides over recent years helped greatly by our fantastic employee led networks, of which race and international cultural heritage is one. We’re working hard to foster a diverse and inclusive culture within our organisation but recognise we have more work to do across the D&I spectrum, particularly in ensuring people from ethnic minorities are represented at all levels.

Talking about D&I is important but it has to be backed by action. Words without deeds are of no use and that’s where it’s so important for it to be an engrained part of company culture. We want to make a difference and improve equality of opportunity in the workplace so by signing charters like these we are holding ourselves publically accountable. Through our brands we have a powerful voice that impacts both employees and customers.”

Steve Treloar, CEO at LV=GI commented: “This is a really important and exciting moment for ourselves and Allianz as we continue to develop and build our Diversity and Inclusion proposition. We’ve worked hard to foster a diverse and inclusive culture at LV= GI but also realize we have more work to do in the area of race and racial equality, which is why we’re publicly committing to taking action by signing the Race at Work Charter.

We have a massive responsibility to deliver on this set of five principal calls to action and ensure our workplace is representative of British society today, and in the process let our customers and the people around us know that we want to make a difference to improving equality of opportunity in the workplace, and everything that brings with it. LV=GI and Allianz UK will be working closely to develop a plan of action to drive forward and deliver on a set of initiatives to meet each of the commitments, and we look forward to updating on progress in the months ahead.”

1) Allianz Insurance has eight employee networks that have been formed around focus areas.  Sustainability, gender balance, race and international cultural heritage, LGBT+, working parents, inter-generational, disability and mental wellbeing. They provide support, networking opportunities and fun activities for members whilst also being a key voice in discussions to improve life at Allianz. All of the networks are represented on the D&I steering committee chaired by Jon Dye CEO.

About Allianz Holdings plc
Allianz Holdings plc is the non-regulated holding company which owns the principal insurance operations of Allianz SE in Great Britain

The information contained in this press release relates to Allianz Insurance plc. Allianz Insurance plc is one of the largest general insurers in the UK and part of the Allianz Group.

About Allianz Holdings plc

Allianz Holdings plc is the non-regulated holding company which owns the principal insurance operations of Allianz SE in Great Britain.

About Allianz

The Allianz Group is one of the world's leading insurers and asset managers with more than 100 million* private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing 790 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage 1.7 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are amongst the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2021, over 150,000 employees achieved total revenues of 148.5 billion euros and an operating profit of 13.4 billion euros for the group.

These assessments are, as always, subject to the disclaimer provided below. 

Cautionary note regarding forward-looking statements

This document includes forward-looking statements, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements. Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz Group's core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates, most notably the EUR/USD exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions including and related integration issues and reorganization measures, and (xi) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.

No duty to update

The Allianz Group assumes no obligation to update any information or forward-looking statement contained herein, save for any information we are required to disclose by law.
*Including non-consolidated entities with Allianz customers.

About Liverpool Victoria General Insurance

  •  LV= General Insurance provides car, home, pet, travel, landlord breakdown and home emergency insurance to over 7 million customers in the UK.
  • We’re the UK’s third largest personal lines insurer with just over £2 billion in annual premium income.
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  • LV= General Insurance uses the LV= brand under licence from the Liverpool Victoria Financial Services Group and the L&G brand under licence from the Legal & General Group.
  • We are part of the Allianz Group, one of the world's leading insurers and asset managers with more than 92 million retail and corporate customers.
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