Allianz Life Names Karim Akhavan-Hezavei as New Chief Operating Officer

Akhavan-Hezavei comes to Allianz Life from Allianz Services in Munich, an operating entity of Allianz SE specializing in business support services

MINNEAPOLIS – May 16, 2022 – Allianz Life Insurance Company of North America (Allianz Life) announced today that it has named Karim Akhavan-Hezavei as senior vice president, chief operating officer (COO) effective July 1. Akhavan-Hezavei will have accountability for Enterprise Operations, IT, IT Security, and Administrative Strategy and Management (ASaM) functions for the company and will report to President and Chief Executive Officer Jasmine Jirele. He will be responsible for driving the transformation of Allianz Life’s operational and technology processes to support the company’s growth.

Akhavan-Hezavei comes to Allianz Life from Allianz Services in Munich, an operating entity of Allianz SE specializing in business support services. At Allianz Services, he was a member of the company’s executive management team and had overall responsibility for operations and IT, global projects, and development of global business models. While at Allianz Services, he implemented multiple technology initiatives and launched several new and innovative client-based claims systems. He also established several strategic partnerships with insurtechs to help strengthen the company’s technical capabilities and improve the client experience. Allianz Services has over 5,000 employees located across eight countries and four continents and focuses on core insurance operations, shared services, business analytics, engineering, and management consulting.

“Karim brings extensive operations, technology, and leadership experience to Allianz Life,” said Jasmine Jirele, president and chief executive officer for Allianz Life. “He brings a valuable and unique perspective that will help us continue to build out the best experience possible for our clients as they plan for their retirement.”

Akhavan-Hezavei joined Allianz in 2013 and has served in a variety of senior leader roles including as head of the group chief operating officer office and as a senior project manager. Prior to joining Allianz, he held positions with Siemens and Ernst & Young Consulting. He has a Master’s degree in Economics from Ludwig-Maximillans University, Munich.

About Allianz Company Profile

Allianz Life Insurance Company of North America, one of the Ethisphere World’s Most Ethical Companies®, has been trusted since 1896 to help millions of Americans prepare for financial uncertainties and retirement with a variety of innovative risk management solutions. In 2023, Allianz Life provided additional value to its policyholders via distributions of more than $13.73 billion. Allianz Life is a leading provider of fixed index annuities, registered index-linked annuities, and fixed index universal life insurance. Additionally, Allianz Investment Management LLC (AllianzIM), a registered investment adviser and wholly owned subsidiary of Allianz Life, offers a suite of exchange-traded funds (ETFs). Allianz Life and AllianzIM are part of Allianz SE, a global leader in the financial services industry with approximately 157,000 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.