Allianz : Everything you need to know

Allianz : Everything you need to know

Headquarters address

Koeniginstrasse 28, 80802 Munich, Germany

Year established


Size (employees)


Global locations

70+ countries

Number of customers

More than 126 million

Gross premiums written (Property & Casualty) €75.6 billion (2023) 
Statutory premiums (Life & Health) €77.9 billion (2023)
Assets under management €2.2 trillion (2023) 
Total revenue €101.2 billion (2023)

Key people

Oliver Bäte (chief executive officer), Claire-Marie Coste-Lepoutre (chief financial officer), Sirma Boshnakova (member of the board of management, Allianz SE, Insurance Western & Southern Europe, Allianz Direct, Allianz Partners), Barbara Karuth-Zelle (chief operating officef), Klaus-Peter Röhler (member of the board of management, Allianz SE, Insurance German Speaking Countries, Central & Eastern Europe), Giulio Terzariol (member of the board of management, Allianz SE, Finance, Risk, Actuarial, Legal, Compliance – CFO), Günther Thallinger (member of the board of management, Allianz SE, Investment Management, Sustainability), Christopher Townsend (member of the board of management, Allianz SE, Global Insurance Lines & Anglo Markets, Reinsurance, Middle East, Africa), Renate Wagner (member of the board of management, Allianz SE, Asia Pacific, Mergers & Acquisitions, People and Culture), Andreas Wimmer (member of the board of management, Allianz SE, Asset Management, US Life Insurance)

About Allianz

The Allianz Group is one of the largest financial services providers in the world. The Munich, Germany-headquartered firm is a global leader in the insurance and asset management business. It boasts 126 million private and corporate clients in more than 70 countries and employs over 155,000 people worldwide. Allianz offers property and casualty insurance, life and health insurance, credit insurance, travel insurance, and asset management services via several brands and subsidiaries.

A brief history of Allianz

Allianz was established in Berlin, Germany, in 1890 by insurance specialist Carl Thieme (who also established Munich Re in 1880) and banker Wilhelm Finck. After putting up the starting capital of four million marks, Theime and Finck entered Allianz into the commercial register at the municipal court of Berlin on February 05. It was initially established as a transport and accident insurer.

In 1893, Allianz made its first international move by opening an office in London, UK. The London office was initially managed by Carl Schreiner, who was also head of Munich Re’s international operations, and it was set up to serve German customers insured against transport losses abroad. This expansion into London was the first of many foreign investments for Allianz. By the outbreak of the First World War in 1914, the insurer had operations in the USA, the Netherlands, Scandinavia, Italy, Belgium, France and the Balkans.

The beginning of the First World War marked a significant milestone for Allianz, because the company started hiring women for the first time. It also meant the end of a period of continuous growth for the young firm. Like many companies, Allianz lost employees to the war and Germany’s defeat left the country in a serious economic crisis.

Despite global inflation, Allianz managed to become Germany’s largest motor insurer by the 1920s. It also started branching out beyond transport and accident insurance lines, creating Allianz Life in 1923, which would soon become one of the leading life insurers in Germany.

From 1933, Allianz became an important part of the National Socialist dictatorship’s economic system. The firm’s general director Kurt Schmitt was appointed as economics minister for the Third Reich and he became part of Adolf Hitler’s cabinet. Schmitt resigned from the post in 1935 due to ill health and he later returned to Allianz in an advisory capacity. Like many German companies, Allianz faced economic ruin at the end of the Second World War.

Fast-forward 35 years and Allianz managed a major operational turnaround to become the largest insurer in Europe. This is partly due to the insurer’s investment into modern technologies and its merger and acquisition (M&A) strategy around the world. The group started creating new subsidiaries in selected markets around the world in the early 1970s, including in the USA. This helped to build its international premium income. In 1985, Allianz created the holding company Allianz AG in order to facilitate its international M&A goals. The holding company became Allianz SE in 2005.

Top brands

  • Allianz ­– the well-known insurance unit.
  • Euler Hermes – a credit insurance company that offers a wide range of bonding, guarantees and collections services for the management of business-to-business trade receivables.
  • PIMCO - one of the world’s premier fixed income investment managers.

Allianz in Europe

The Germany-based firm has extensive operations throughout Europe in both insurance and asset management. It currently has presence in: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Guernsey, Hungary, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, Ukraine, and the United Kingdom.

Allianz in North America

Allianz has a number of strong subsidiaries in North America, including:

  • Allianz Global Assistance USA
  • Allianz Global Corporate & Specialty
  • Allianz Global Investors
  • Allianz Life Insurance Company of North America
  • Allianz Life Insurance Company of New York
  • Euler Hermes North America Insurance Company
  • PIMCO – Pacific Investment Management Company LLC
  • Allianz Global Assistance Canada
  • Euler Hermes Canada
  • PIMCO Canada

Allianz in Asia-Pacific

Allianz Asia-Pacific serves 21 million customers in more than 15 markets and via multiple distribution channels. The insurer has been present in the region since 1910, when it started providing fire and marine insurance in the coastal cities of China. It has been a story of swift growth in Asia-Pacific ever since. The insurer now has subsidiaries in countries like Thailand, Singapore, Indonesia, Japan, Malaysia, Taiwan, the Philippines, Pakistan, India, and Australia.  In 1997, Allianz made history when it became the first foreign life insurance company to be granted permission to operate in China since 1949.

Allianz Global Corporate & Specialty

Allianz Global Corporate & Specialty (AGCS) is a global insurer that focuses on business insurance and large corporate and specialty risks. It has a worldwide network in more than 210 countries and territories, dealing with some of the largest risks in global business insurance. AGCS covers a wide range of sectors and services, including: alternative risk transfer, financial lines, aviation, entertainment, international insurance programs, captive and fronting services, liability, claims services, marine, energy, property, engineering and risk consulting.

In the news

Allianz to become fourth largest composite insurer in Asia with latest acquisition – Fitch Ratings


Allianz to become fourth largest composite insurer in Asia with latest acquisition – Fitch Ratings

Deal to also help company become leading voice in Singapore's P&C sector

Allianz eyes majority stake in Income Insurance


Allianz eyes majority stake in Income Insurance

Asia deemed important market for the group

CFC expands board with two new independent directors


CFC expands board with two new independent directors

Each brings significant industry expertise to their new positions

Sompo names new leader for APAC consumer lines


Sompo names new leader for APAC consumer lines

Exec boasts knowledge in various customer segments across multiple markets

Paris 2024 Olympics chooses insurer for medical assistance


Paris 2024 Olympics chooses insurer for medical assistance

Medical assistance teams from the company will partner with public services

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