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Allianz Annual Report 2012

Insurance Growth Markets Insurance Growth Markets C 009 Selected markets  Motor/non-motor as % of total property-casualty gross premiums Traditional/ investment-oriented as % of total life statutory premiums  Statutory/gross premiums written Operating profit Number of customers Proprietary net­works  Number of brokers Number of employees € mn € mn mn thou thou thou South Korea – n.a. III. 32 % 68 % 1,871 31 1.2 4.7 – 1.7 Taiwan – n.a. III. 89 %11 % 1,352 9 0.3 1.3 – 0.6 Malaysia I. 54 % 46 % III. 18 %82 % 752 73 3.9 12.6 – 1.6 Indonesia IV. 30 % 70 % II. 51 %49 % 804 50 0.4 11.5 – 1.1 Hungary I. 49 % 51 % II. 62 %38 % 454 31 1.3 1.5 – 1.2 Poland II. 56 % 44 % III. 67 %33 % 832 31 1.6 8.4 – 1.2 Russia III. 42 % 58 % III. 100 % 0 % 772 2 0.8 15.0 1.1 8.2 ◼  Property-Casualty  ◼  Life/Health Market position by gross premiums written:  I. Position 1  II. Position 2 to 5  III. Position 6 to 10  IV. Not in the top 10 Asia Our group companies in Asia achieved a notable perfor- mance and remained a strong partner for all our stake­ holders. We will continue to develop our business buoyed by the positive economic outlook in the region and a grow- ing need for protection and provision products in these economies. Our aim is to further position ourselves as a leading multinational insurer in the Asia-Pacific region. In Asia, we offer life/health, property-casualty insurance and asset management products. We serve more than 21 million customers with a full suite of products through our multi-distribution networks, including approximately 200,000 tied agents, brokers, bancassurance and direct marketing. InAsiawemaintainproperty-casualtyoperationsinBrunei, China, Hong Kong, India, Indonesia, Japan, Laos, Malaysia, Singapore, Sri Lanka and Thailand. ­Allianz in Malaysia was the strongest contributor to gross written premiums while all entities benefited from a strong development in the mo- tor business. In our life/health business the South-East Asian markets are the growth drivers in Asia. Our entities in Indonesia, ThailandandMalaysiaarewellpositionedtocapturearising need for protection and provision in these economies. We also operate life/health business in South Korea, Taiwan, China, India and Sri Lanka. Bancassurance is a significant distribution channel for our life insurance business in Asia. In 2012, we signed a 10-year bancassurance distribution agreement: Our life insurance products will be distributed by HSBC in China, Indonesia, Malaysia, Australia, Sri Lanka and Taiwan and by strategic partners of ­Allianz in Brunei and the Philippines. This under­ lines our global excellence in providing tailor made prod- ucts across markets while reaching an additional segment of retail banking customers. Indonesia Indonesia is one of the fastest-growing markets for us and we expect this to continue due to an expanding middle class with increasing insurance needs. Our life business is developing particularly strongly through our tied agency channel. In addition, ­Allianz Indonesia today insures over one million microinsurance clients. Cooperating with 33 partners, we offer microinsurance products including ­credit life insurance, savings insurance, business interrup- tion insurance and micro-education endowments. Malaysia Both our life/health and property-casualty insurance lines have enjoyed consistently strong growth over the past years. While ­Allianz General continues to be the leading Annual Report 2012    Allianz Group104