We are delighted to have this opportunity to meet with you in person and to hear first hand the latest update on Affinity Water. As you know Allianz is a significant long standing partner with yourselves both in terms of the lines of business we write but also through the leading consortium position we hold via Allianz Capital Partners.
We are very keen to continue and grow our relationship with you over the months and years ahead and we will strive to ensure we provide solutions which help support Affinity both operationally and strategically.
Danny Turner ACII
Key Account Manager
About Allianz
Allianz Group at a glance
- With around 150,000 employees worldwide, the Allianz Group serves over 100 mn customers in more than 70 countries.
- On the insurance side, Allianz is the market leader in the German market and has a strong international presence.
- In fiscal year 2020 the Allianz Group achieved total revenues of approximately 140 bn euros.
- Allianz is one of the world‘s largest asset managers, with third-party assets of 1,712 bn euros under management at year end 2019.
Did you know?
Allianz is the Worldwide Insurance Partner of the Olympic & Paralympic Movements from 2021-2028
Allianz insures major Hollywood and Bollywood movies, including all 24 James Bond productions
Allianz supports sustainable motor sports by being a partner of the fully electric car racing Formula E Championship
Allianz offers financial solutions to more than 49 million emerging consumers in Africa, Asia and Latin America
Allianz is the leading specialist in space insurance and celebrated its 100th birthday as aviation insurer in 2015
Allianz insured the last three buildings to hold the title of “world’s tallest”: Petronas Towers, Taipei 101 & Burj Khalifa
the Allianz Center for Technology has conducted thousands of crash test since 1980 to improve road safety
Allianz was one of the insurers of the Titanic
Allianz Results
Allianz Group 12M 2022
€152.7b
Total revenues increased 2.8% to €152.7 billion (12M 2021: €148.5 billion), largely driven by the Property-Casualty business segment.
€14.2b
Operating profit jumped 5.7% to €14.2 billion (12M 2021: €13.4 billion).
201%
Group Solvency II capitalization ratio was 201% at the end of the fourth quarter 2022, compared with 199% at the end of the third quarter 2022.
AGCS 12M 2022
€11.169b
Gross premium written (GPW) of AGCS grew year-on-year by €1.683 billion (18%) to €11.169 billion (2021: €9.486 billion).
94.9%
The combined ratio for 2022 is 2.5%-p better than prior year and stands at 94.9% (2021: 97.5%).
€655
The operating profit for 2022 of €655 million (2021: €366 million) is €289 million better than prior year.
Allianz Commercial Commentary
Allianz Ratings
Allianz Commercial company
Standard & Poor's
A. M. Best
Allianz Commercial SE
AA (December 2022)
A+ (June 2022)
Allianz Commercial North America
AA (December 2022)
A+ (June 2022)
Allianz Risk Transfer AG*
AA- (December 2022)
A+ (June 2022)
Allianz Fire & Marine Insurance (Japan) Ltd.
AA (December 2022)
(N/A)
Allianz Commercial Resseguros Brasil S.A. (global)
(N/A)
A+ (June 2022)
Allianz Commercial South Africa
BB+ global;
zaAAA local
(October 2022)
zaAAA local
(October 2022)
(N/A)
*Rating for ART AG and ART Bermuda
Allianz UK
£3.8b
Revenue down marginally from £3.9b in 2020
93.2%
Combined ratio for 2021 is 1.2% better than 2020
£318m
Operating profit up 9.4% from 2020
Our pledge to you
- Partnership: A trusted, financially strong, stable partner delivering value and expertise to you and your clients, long term.
- Excellence: A commitment to put our clients and brokers first through true customer centricity.
- Expertise: Deep expertise and insights to create the best client solutions, globally and locally, with 100% integrity.
- Results: Helping clients maximise value by unlocking the best of Allianz, from insurance to asset management.
- Industry focus: Global industry solutions with people who understand your business and bring you the best of the Allianz world.
- Innovation: Working together towards key, relevant goals, including ESG, Green Solutions and ART.
- Data and Analytics: Pinpoint partners, maximising data and relationships for the best possible client solutions.
- Quality and Compliance: Contract specialised policies and globally-compliant international insurance solutions.
- Level Playing Field: Working with our brokers in equal partnership, prioritising constant communication.
- Thought Leadership: Consistently evaluating existing and emerging risks, loss trends and sharing knowledge.
Bespoke business solutions for your unique risks
We have global reach underpinned by local knowledge; a combined depth and breadth of expertize that allows us to go further.
You are our priority. Your approach, your needs, your risks. That’s why we personally take the time to understand your business, and propose the best solution to support your success.
You are our priority. Your approach, your needs, your risks. That’s why we personally take the time to understand your business, and propose the best solution to support your success.
Alternative Risk Transfer
Non-traditional risk management solutions, captive fronting/services and capital market transactions.
Aviation
100 years’ experience in varied risks, from airlines and airports to manufacturers and space.
Energy and Construction
Providing holistic coverage solutions from initiation to operation in the energy and resources sector.
Financial Lines
From Cyber to D&O: Adjusting our underwriting offering to match bespoke needs.
Liability
Non-traditional risk management solutions, captive fronting/services and capital market transactions.
Marine
Allianz offers a broad portfolio of highly-customizable products and an almost unlimited appetite for complex marine accounts that demand innovative solutions.
Entertainment
A century-strong track record of risk expertise– for film productions and live events.
Environmental, Social and Governance (ESG)
Background
- ESG Board composed of Allianz SE Board Members responsible for the Group ESG strategy
- ESG Center of Competence (CoC) in Allianz Global Corporate & Specialty established in January 2014, responsible for Allianz‘ P/C business globally
- ESG is embedded in the global governance framework via Standards & Policies and core insurance processes (Underwriting, Risk Management) supported by a dedicated ESG desk (as part of the ESG CoC) and Communication
1.5°C Aligned Investment Portfolio
Proprietary investment portfolio committed to net-zero emissions by 2050, in line with 1.5°C (UN AOA, SBTi)
Coal Exit for Insurance and Investments
Bringing coal exposure of insurance and investment lines of business to 0% by 2040 latest
Renewable Energy in our Operations
Commitment to source 100% renewable electricity by 2023, reduction of operational emissions along 1.5°C pathway.
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