Wednesday, January 30, 2008

Allianz Life Insurance History

Who we are

Allianz is one of the largest global providers of insurance, banking and asset management services. Founded in 1890 in Germany, Allianz is a company with a long history and a strong tradition.

Allianz now operates in more than 70 countries all over the world. Allianz serves around 70 million clients around the world. In addition, Allianz provides insurance coverage and its services to almost half of the Fortune 500 companies.

In September 2006, an agreement to merge was signed between Allianz AG and RAS Holding S.p.A. Allianz AG from then on changed its legal form to a Societas Europaea (SE), a European company. Following the registration procedures in Italy and Germany, on October 16, 2006 Allianz SE became the first company registered in the DJ EURO STOXX 50 Index.

In 2006, total revenues Allianz SE amounted to 101.1 billion euros and operating profit amounted to 1.034 billion euros, increased by 29.8 percent from last year. Net income amounted to 7.021 billion euros, increased by 60.3 percent from last year. Total Dividend amounted 3.8 euros per share, increased 90 percent from last year. Third-party assets under management amounted 764 billion euros.


Allianz Life Indonesia

Allianz has been present in Asia Pacific since 1917, when the Group provided fire and marine insurance in the coastal cities of China.

In Indonesia, Allianz first made its presence in 1981 through a representative office, which later became established as a joint venture company in 1989, known as PT Asuransi Allianz Utama Indonesia, a general insurance company. Allianz then expanded into life & health insurance and pension plan in 1996 by establishing PT Asuransi Allianz Life Indonesia.

Allianz products are widely distributed through our trusted business partners such as Allianz Financial Planner Network which are Allianz Agency and PT Buss; our bancassurance partners i.e Standard Chartered Bank, Bank Danamon, and Permata Bank; as well as brokers and account executives.

At present, Allianz Life Indonesia operates over 80 sales offices and outlets located in 43 cities throughout Indonesia from Banda Aceh to Jayapura supported by more than 6,500 agents.

In 2006 Allianz Life Indonesia generated a Gross Written Premium (GWP) of 1,305 Trillion Rupiah and has 2,608 Trillion Rupiah assets under management, serving more than 366.000 policyholders.

In 2007, awarded by Marketing Magazine and Carre - CSSL as the winner of “Service Quality Award 2007” for category Life Insurance Service.

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