Riskalyze and Allianz Life Form Strategic Alliance on Technology and Analytics for Select Annuity Products
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Riskalyze users to get enhanced capabilities and integration of the latest Allianz Life index variable and fixed index annuity products
AUBURN, Calif.--(BUSINESS WIRE)-- Riskalyze, the company that invented the Risk Number®, today announced a new partnership with Allianz Life Insurance Company of North America (Allianz Life), a leading retirement solution provider that has helped Americans prepare for their financial future for more than 125 years.
As part of this relationship, Allianz Life will be featured in the Riskalyze Partner Store, and platform coverage of its innovative index variable annuity (IVA) and fixed index annuity (FIA) products will be enhanced with rich data updates on a regular basis. The Riskalyze Partner Store is a one-stop shop where advisors can tap into the key materials, research and strategies from some of the industry’s leading firms. In addition, Allianz Life has purchased licenses for its retirement and risk management consultants across the country to utilize Riskalyze when working with financial professionals.
“We’re thrilled to establish this new partnership with Riskalyze to help demonstrate how Allianz Life products can help people manage risks to their retirement security,” said Corey Walther, President, Allianz Life Financial Services, LLC. “With our annuity products available in the Riskalyze Partner Store, financial professionals will be better able to position and validate these products as an important risk-management component within a broader, more holistic financial plan.”
The expanded relationship between Riskalyze and Allianz Life will help aid financial professionals in evaluating Allianz Life’s annuity offerings that can help mitigate market risk and ascertain allocation recommendations. Finding that balance is increasing important, with 64 percent of Americans saying it is important to have some retirement savings in an investment that provides some protection from market risk, according to Allianz Life’s 2021 Q2 Quarterly Market Perceptions Study.
“Our partnership with Allianz Life is such an important part of empowering people to build their retirement security, and we’re excited to expand our work with them today,” said Aaron Klein, Founder and CEO at Riskalyze. “From the ability to access modern risk analytics and portfolio analysis, to every user of our platform getting enhanced coverage of these innovative Allianz Life products, this partnership is a win-win for both firms.”
The partnership between the two companies began in 2014 when Riskalyze users first gained the ability to model Allianz Life solutions such as registered index-linked annuities (RILAs), also known as IVAs, to help provide client portfolios with enhanced levels of protection against downturns in the market. The new expansion of the partnership will further enhance the financial professional experience.
For more information about the Allianz Life and Riskalyze partnership, go to www.riskalyze.com/partner-store.
Riskalyze is the company that invented the Risk Number®, which powers the world's first Risk Alignment Platform and was built on top of a Nobel Prize-winning academic framework. Advisors, broker-dealers, RIAs and asset managers use the Riskalyze platform to create alignment between clients and portfolios, leverage sophisticated analytics to increase the quality of their advice, automate trading and client account management, and access world-class models and research in the Riskalyze Partner Store — all with the mission of empowering the world to invest fearlessly. To learn more, visit www.riskalyze.com.
To learn more about risk management and communication strategies, join Riskalyze at its annual Fearless Investing Summit in Palm Springs on September 29. For more information, go to https://www.riskalyze.com/fearless.
About Allianz Life Insurance Company of North America
Allianz Life Insurance Company of North America, one of the FORTUNE 100 Best Companies to Work For® and one of the Ethisphere World’s Most Ethical Companies®, has been keeping its promises since 1896 by helping Americans achieve their retirement income and protection goals with a variety of annuity and life insurance products. In 2020, Allianz Life provided additional value to its contractholders via distributions of more than $10.1 billion. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with approximately 150,000 employees in more than 70 countries. Allianz Life is a proud sponsor of Allianz Field® in St. Paul, Minnesota, home of Major League Soccer’s Minnesota United.
Guarantees are backed by the financial strength and claims-paying ability of the issuing company. Variable annuity guarantees do not apply to the performance of the variable subaccounts, which will fluctuate with market conditions.
Products are issued by Allianz Life Insurance Company of North America. Variable annuities are distributed by its affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297 www.allianzlife.com
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