Profile: Allianz SE (AZSEY.PK)
2 Dec 2016
Allianz SE, incorporated on October 13, 2006, is a financial service company. The Company is the holding company of the Allianz Group. The Company operates in the field of reinsurance, providing reinsurance protection for Allianz Group companies, in particular. The Company's segments include Property-Casualty, Life/Health, Asset Management, and Corporate and Other. It offers a range of insurance and asset management products and services. The Company offers a range of property-casualty and life/health insurance products to both retail and corporate customers.
The Company's Property-Casualty segment offers a range of products and services for both private and corporate clients. The Company's offerings include insurance classes, such as motor, accident/disability, property and general liability. It conducts business across the world in approximately 70 countries. It also provides travel insurance, assistance services and credit insurance. The Company distributes its products through a network of agents, brokers, banks and other strategic partners, as well as through direct channels.
The Company's Life/Health segment offers a range of life and health insurance products on both an individual and a group basis, including annuities, endowment and term insurance, unit-linked and investment-oriented products, as well as private health, supplemental health and long-term care insurance. The Company distributes its products through its distribution channels, such as tied agents, brokers and bank partnerships. It offers life and health products to both retail and corporate clients. It serves customers in approximately 45 countries.
The Company's Asset Management segment provides institutional and retail asset management products and services to third-party investors, and provides investment management services to the Allianz Group's insurance operations. The products for retail and institutional customers include equity and fixed income funds, as well as alternative products. The United States and Germany, as well as France, Italy and the Asia-Pacific region represent the primary asset management markets. Its two investment management businesses include Pacific Investment Management Company LLC (PIMCO) and Allianz Global Investors (AllianzGI), operate under Allianz Asset Management (AAM).
Corporate and Other
The Company's Corporate and Other segment includes Holding&Treasury, Banking and Alternative Investments. Holding&Treasury includes the management of and support for the Allianz Group's businesses through its strategy, risk, corporate finance, treasury, financial reporting, controlling, communication, legal, human resources, technology and other functions. Its banking products offered in Germany, Italy, France, the Netherlands, and Bulgaria complement its insurance product portfolio. It also provides alternative investment management services in the private equity, real estate, renewable energy, and infrastructure sectors, mainly on behalf of the Allianz Group.