Allianz intends to reduce its investment in coal and to improve earnings

Europe's biggest insurer Allianz , has unveiled its new strategy for 2018 based on numerical and reduced investment in activities related to fossil fuels.

Holder of billion euros of assets, the German insurer will no longer invest in companies that derive more than 30% of their energy from coal nor will they invest in companies whose 30% of turnover comes from the use of this fuel. The group also intends to position itself as a champion of the digital scanning through all its operations worldwide.

With this new strategy, Allianz expects earnings of about 6.5 billion EUR (7.2 billion USD) of additional annual premiums thanks to the influx of 5 million additional clients. The company also expects an improvement in earnings of 5% per share and per year, as well as a return on equity of 13%, excluding special items.