Monday, May 4, 2020

Employees of Allianz Provides Financial, Mental Health Assistance

“Even before the Insurance Commission (IC) issued guidelines for companies during the ECQ, Allianz already developed an immediate Human Resource guideline for assessment and action steps for specific scenarios to ensure the physical, mental, and financial well-being of our employees and intermediaries. We constantly remind our employees from all over the country to use their health card to avail of the Tele counseling services of our partner clinic, Child-fam Possibilities Psycho-social Services (CPPS), should they experience anxiety and other mental health problems during these challenging times. We offer guidance to our employees on how to work at the right pace while working from home and how they can practice self-care during the pandemic.” ~Gae Martinez, Allianz PNB Life Chief Marketing Officer
Allianz PNB Life adopts flexible "work-from-home" arrangements during the enhanced community quarantine (ECQ) period.
Allianz PNB Life has taken measures to ensure the health and overall well-being of its employees during the enhanced community quarantine (ECQ) period.

Allianz PNB Life Chief Marketing Officer Gae Martinez shared that these include the release of their full month salaries for March and April, financial assistance for its intermediaries and full-time contractual workers, work-from-home arrangements, and mental health benefits.

Among them is the development of an enhanced framework in identifying persons under monitoring (PUMs), persons under investigation (PUIs), and COVID-19 positive patients to promote and strengthen the safety of its employees and office environment. As of the current time, no Allianz PNB Life employee has contracted the virus.

Allianz also has an in-house registered guidance counselor who oversees the engagement and wellness initiatives of the company’s executives, employees, and consultants/vendors.

Through its Crisis Management Committee, Allianz also came out with reminders and bulletins for its employees and intermediaries. It also activated its work-from-home arrangement through the provision of facilities during the ECQ and released Maxicare memos and guidelines.

For those working from home, Allianz has an employee check-in that helps assess their current situation. This also serves as the basis of the company’s next steps for employees who have been experiencing anxiety and fatigue. It would also help in strengthening the company’s employee communications and engagement throughout the ECQ.

Allianz also offers several online learning programs for its employees that are geared to-ward resiliency and well-being. With many confined to their places of residence, online learning tools also provide an added way to learn and understand new skills for further self-improvement. 

In addition, Allianz’ employee assistance includes mental health care, which it first is-sued as early as May 2019. With stress levels rising due to the situation brought about by Covid-19, this benefit is added assistance to Allianz PNB Life employees.

About Allianz
The Allianz Group is one of the world's leading insurers and asset managers with more than 92 million retail and corporate customers. 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 around 673 billion euros on behalf of its insurance customers. 

Furthermore, our asset managers PIMCO and Allianz Global Investors manage more than 1.4 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2018, over 142,000 employees in more than 80 countries achieved total revenues of 131 billion euros and an operating profit of 11.5 billion euros for the group

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

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The statements contained herein may include prospects, statements of future expectations, and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements.

Such deviations may arise due to, without limitation, (i) changes of the general economic conditions and competitive situation, particularly in the Allianz Group's core business and core markets, (ii) performance of financial markets (particularly market volatility, liquidity and credit events), (iii) frequency and severity of insured loss events, including 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 including the EUR/USD  exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions, including related integration is-sues, and reorganization measures, and (xi) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.

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