Allianz CEO Oliver Bäte aims to expand the insurance group's business in Asia, particularly in the Indian market, following a setback in Singapore. He also expressed concerns about financial market valuations.

At its general meeting, Allianz's CEO Oliver Bäte addressed shareholders, outlining strategies to tackle the affordability of insurance and pensions amidst inflation. Artificial intelligence is highlighted as a key component of these strategies.

Oliver Bäte, CEO of Allianz, expressed irritation about increasing costs for declining services in Germany, discussing unaffordable insurance, the fear of AI as a job killer, and crucial reforms for Germany's economic standing.