Allianz Partners is planning to cut between 1,500 and 1,800 jobs as it shifts toward artificial intelligence.
The insurance giant, which employs nearly 23,000 people worldwide, confirmed the layoffs would affect various roles.
The company stated the job reductions will primarily target positions that can be automated or enhanced by AI technology.
Allianz Partners provides travel, health, and automotive insurance services across multiple countries.
The move marks one of the largest workforce reductions tied to AI adoption within the insurance sector.
The company expects the transition to improve operational efficiency and speed up claims processing.
Employees in customer service, data entry, and administrative roles are likely to be most affected.
Allianz Partners has not yet announced specific timelines for the job cuts or which offices will be impacted.
The company says it will offer retraining and support programs for workers whose positions are eliminated.
This decision reflects a broader trend among financial and insurance firms adopting automation to cut costs.
