"Premiums are a function of claims and awards," said Thompson.
The Milebox app aims to make roads safer, worldwide by rewarding users for responsible driving.
Our ideas and companies have the potential to reshape markets and change the world around us.
During the 100-day sprints of our Entrepreneur-in-Residence Program, entrepreneurs work closely with our experts to develop and market a new business idea from scratch.
As of 2014, it is the world's largest insurance company, the largest financial services group and the largest company according to a composite measure by Forbes magazine, Its Allianz Global Investors division ranks as a top-five global active investment manager, having €1,933 billion of assets under management (Au M), of which €1,408 billion are third-party assets (as of 2015-03-31), with specialized asset managers including PIMCO (bonds), RCM (equities) and Degi (real estate).
Allianz sold Dresdner Bank to Commerzbank in November 2008.