Allianz

From ArticleWorld

Representing an international network of strong brands with first-class products, Allianz Group is one of the largest and most renowned financial services providers in the world. Allianz Group bring together the expertise of specialists in the fields of property and casualty insurance, life and health insurance, asset management and banking. Above all, Allianz Group is committed to excellence in the daily business and in the relationships with customers, shareholders, employees and society.

Allianz Group is one of the world's leading insurers and financial services providers. Founded in 1890 in Berlin, Allianz is now present in more than 70 countries with over 177,000 employees. At the top of the international group is the holding company, Allianz AG, with its head office in Munich.

Focus on customers

Allianz Group ensure a relentless focus on customers. Allianz Group develop and grow strong customer relationships and seek to achieve profitable growth and thereby increase shareholder value. This requires Allianz Group to deliver excellence in all the products, operations, processes, and behaviors.

Allianz Group provides its more than 60 million customers worldwide with a comprehensive range of services in the areas of : 1 property and casualty insurance, 2 life and health insurance, 3 asset management and banking.

In fiscal year 2005, Allianz's total revenues amounted to some 100.9 billion euros. At the end of 2005 Allianz Group had more than 1.26 trillion euros in assets under management. Of this, 743 billion euros were assets managed for third parties. The Allianz Group Leadership Values have been developed to address this question. Their purpose is to provide managers throughout the Group with a tool that they can make use of when implementing their strategy. We set and agree on clear targets which are aligned with our strategy.

Promote a high performance culture

We provide feedback and coaching to our employees to encourage and reward exceptional performance.

We invest in our employees. We select and develop potential according to high standards. We leverage diversity and encourage a culture that respects, values and benefits from different backgrounds and perspectives. We are transparent in the way we create career opportunities based on personal achievements and capabilities. We want to be an employer of choice.

Build on mutual trust and feedback

We build our success based on mutual trust, fairness, integrity, and clear and open communication. We encourage employees to innovate, identify business opportunities, share knowledge and ideas, and provide constructive feedback. Around 177,000 people work for the Allianz Group worldwide. Each employee's commitment contributes to the satisfaction of our customers, and thus to the long-term success of Allianz.

The number of Allianz employees worldwide was 177,625 on December 31, 2005. Due to our strong expansion in the last few years and the international growth of the Group, our workforce is more international than ever before. Our employees' commitment, professionalism and focus on the customer have helped the Allianz Group to obtain the rank it holds today.