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Introduction to the Allianz Group
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Allianz
is one of the world's leading insurance and financial services
groups.
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Allianz AG was founded in Berlin in 1890. Since the early years of the 20th Century, Allianz has been active in the international insurance market. The Groups three core businesses are Protection (Property and Casualty insurance), Provision (Life & Health insurance)and Performance (Asset Management and Banking). |
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Since the early 1980s, Allianz has made several strategic acquisitions worldwide of well-known companies such as RAS of Italy, Cornhill of Great Britain, AGF of France, Fireman's Fund in USA, Ayudhya CMG of Thailand and MBA of Malaysia. Through its purchase of Dresdner Bank , Allianz has acquired a strong distribution channel in Germany and banking expertise throughout Europe. |
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In 2004, Allianz’s total revenues amounted to 96.9 billion euros. At the end of 2004, Allianz Group had more than one trillion euros in asset under management, of this 585 billion euros were assets managed for third parties. Today, the majority of the Group’s premium income is earned outside Germany. |
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Allianz is the world's largest insurance company by premium income and is ranked among the top five asset managers in the world. |
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