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© Copyright Allianz
UNDERSTANDING RISK
CREATING VALUE
ALLIANZ REINSURANCEFACTS & FIGURES
November 2019
© Copyright Allianz
ALLIANZ GROUP
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2018 HIGHLIGHTS
Allianz Group
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At a glance
Allianz Group
The Allianz Group is one of the world’s leading insurers and asset managers with more than
92 million retail and corporate customers.
In 2018, over 142,000 employees in more than 70 countries achieved
total revenues of 131 billion euros and an operating profit of 11.5 billion euros
Allianz is one of the world’s largest investors, managing around 673 billion euros on behalf of its insurance customers. Furthermore our asset managers PIMCO and Allianz Global
Investors manage more than 1.4 trillion euros of third-party assets.
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2.0
RENEWAL AGENDA 2.0We secure your future
Allianz Group
True Customer Centricity
Intuitive products & services Loyalty leadership
Digital by Default
Legacy-free operationsMulti-channel access
GrowthEngines
Systematic rebalancing
InclusiveMeritocracy
Beat-the-best mindset & incentivesDigitally literate, agile & lean organization
TechnicalExcellence
Data-driven product design, pricing & claims
TrueCustomerCentricity
Digital byDefault
GrowthEngines
TechnicalExcellence
TrueCustomerCentricity
Digital byDefault
GrowthEngines
InclusiveMeritocracy
TechnicalExcellence
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ALLIANZ REINSURANCE
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Allianz Reinsurance
Allianz Re belongs to a strong financial community, the Allianz Group. We share this strength with our clients by
• Global reach with local teams and language capabilities
• Tailored solutions with substantial capacity
• Extensive technical capabilities and analytics
• Access to other Allianz Group capabilities and entities
• Sharing knowledge & expertise
• Allianz SE’s First Class Security (AA rating from S&P), Allianz Re Dublin dac and Allianz Reinsurance America, Inc (AA- rating from S&P)
We organize ourselves based on the needs of our customers
OUR VALUE PROPOSITION
Reinsurance MidCorpAdvisory &
ServicesResolution
Management
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Allianz Reinsurance
UNDERSTANDING RISK – CREATING VALUE
We support our clients’ business strategy by understanding their risk profiles and needs, and by providing individual reinsurance solutions.
We understand risk
We have underwriting, actuarial and risk management professionals assessing the risk characteristics of our portfolio. Based on in-depth research of selected risk scenarios our Underwriting Expert Services team develops suitable products, as recently for environmental liability and bio-energy.
We create value
We manage the Allianz Group’s risk landscape through the use of reinsurance and capital market instruments. For our clients we offer our financial engineering and transaction capabilities to structure and execute services and solutions tailored to their specific needs.
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KEY FIGURES
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Allianz Reinsurance
FACTS & FIGURES
[EUR mn] 2014 2015 2016 2017 2018
Gross Written Premium 4,275 5,442 6,404 6,284 6,651
Operating Profit 478 662 635 327 508
Combined Ratio(P&C business only)
88.6% 89.2% 89.4% 95.3% 92.0%
1 Financial year basis includes internal and external business2 OP including AZRA3 Combined Ratio only for AZRE PC excluding AZRA
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Allianz Reinsurance
DIVERSIFICATIONFinancial security through risk spread
GWP 2018 BY REGIONS ¹
Western Europe 84%Asia Pacific 9%CEEMA 5%USA & Canada 2%Latin America 1%
• Only P&C Financial figures including Allianz Reinsurance PC, Allianz Re America, Allianz Climate Solutions and excluding (light) virtual entities
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Allianz Reinsurance
DIVERSIFICATIONensures sustainability and stability for our clients
GWP 2018 BY LINES OF BUSINESS
* Life & Health include Allianz Global Life & Health VA business.
Property 31%Motor 32%Life & Health² 6%Liability 11%Credit Risks 7%Agriculture 6%Engineering 3%Aviation, Marine & Space 2%Personal Accident 2%
© Copyright Allianz
OUR PEOPLE
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Allianz Reinsurance
HIGHLY EXPERIENCE AND DIVERSE STAFF
Germany
North America
Europe (w/o Germany)
Asia Pacific
BY REGION
EMPLOYEES IN NUMBERS*Employees worldwide by year (headcount)
Status: as of 07/2019
Status: as of 07/2019
56%28%
10%6%
2016 2017 2018 2019
513547 546 524
*decline from 2017 to 2018 due to shift of Az Re Audit and Financial Reporting to Allianz SE and fluctuation in the Zurich Agri team, AZRA, ACS.
We are a highly experienced and diverse
community representing 37 countries. 51%of all our employees are female and 36% of
our executive positions are held by women.
On average our employees have a tenure of
12 years with Allianz.
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SOLUTIONS & SERVICES
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Allianz Reinsurance
WHY ALLIANZ RE?Our Strategic Agenda
GroupPortfolioManager
Portfoliooptimization
ProfitablegrowthOperational
excellence
People & Culture
Portfolio Optimization
Profitable growth
Supporting OE GrowthThird-Party Strategy
RIO / RetroAOM RI, Mid Corp, LegacyGlobal Lines Optimization
People & Culture
Beat-the-best mindset & incentivesDigitally literate, agile & lean organization
Operational Excellence
Organizational EfficiencyOrganizational MaturityData & Analytics
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Allianz Reinsurance
OUR BUSINESSWe organize ourselves based on the needs of our customers
AZ Re location
JV with AZ minority
COO
CUO
CFO
CEO
RI CARRIERS
• AZ SE Re Munich
• AZ Re America
• AZ Re Dublin
+ JV Enhanzed Re (25%)
REGIONAL HUBS
1. CEE (Vienna)
2. IberoLatam (Madrid)
3. Africa (virtual)
4. MENA (virtual)
5. Asia (virtual)
6. Western Europe (Munich)
+ Global Lines (Munich/Zürich)
AZ SE RE BRANCHES
• Singapore
• Zürich
• Vienna
Business Units
Enabling Functions
Reinsurance MidCorp Advisory &Services
ResolutionManagement
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Allianz Reinsurance
OUR CAPABILITIESAn established niche player for selected business lines and geographical markets
Client Focus Global Product Offer
OUR
CAPABILITIESStability and Consistency
World-class Technical
capabilities
• Core clients and products
• Strengthened client management teams
• Focus on understanding clients’ needs
• P&C solutions customized to clients’ needs
• Globally operating specialty lines (Agri)
• Striving for long-term client relationships
• Providing meaningful capacity over the cycle, backed by strong Allianz SE rating (S+P AA)
• Top experts in Cat and pricing
• Underwriting expertise across business lines and specialty lines
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Allianz Reinsurance
OUR MARKET LEADING EXPERTISEKnowing, understanding and managing risk
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Team developed since 2000
Meteorologists, hydrologists, seismologists, and mathematicians who work on
• knowing risks in insurance portfolios
• understanding risks via appropriate hazard analysis• managing risks by means of risk pooling, traditional retrocession, or
capital market solutions.
Cat Risk Management
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Allianz Reinsurance
OUR MARKET LEADING EXPERTISEDevelop innovative solutions for evolving risk scenarios
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Team created in 2009
Center of Competence for Agriculture in Allianz
Assist in analysis of existing portfolio within Group and support product development
Underwrite and grow existing portfolio of Third Party business
Agriculture
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Allianz Reinsurance
OUR MARKET LEADING EXPERTISEFostering renewable energy and addressing climate-related risks
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Established over 10 years
Support renewable energy industry with insurance and risk management solutions
Collaborate with both private and public sector partners towards improving societal resilience to climate change through dedicated insurance approaches
Over 450 utility scale projects insured and 1000 projects in 22 countries evaluated
Allianz Climate Solutions
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Allianz Reinsurance
OUR MARKET LEADING EXPERTISEManaging legacy liabilities and enabling effecting capital management via reinsurance
Established in 2015
Resolution Management® is Allianz Center of Excellence that actively manages legacy liabilities and capital by providing customized reinsurance solutions for both internal and external clients
Managing third-party claims administration (TPA) services to companies that need expert claims management for complex claims and long tail risks.
Resolution
Management®
© Copyright Allianz
OUR GLOBAL NETWORK
Find out more about us at www.allianzre.com
© Copyright Allianz 24
Allianz Reinsurance
REINSURANCE - A GLOBAL BUSINESS
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3 IrelandAllianz Re Dublin dacAllianz HouseElmpark, Merrion RoadDublin 4 , Irelandp: +35 31 512 5400
1 USAAllianz Reinsurance America, Inc1465 North McDowell Blvd Ste 100Petaluma, CA 94954California, USA
4 SwitzerlandAllianz SE ReinsuranceBranch SwitzerlandRichtiplatz 18304 WallisellenSwitzerlandp: +41 44 285 9595
5 SingaporeAllianz SE ReinsuranceBranch Asia Pacific12 Marina View#14-01 Asia Square Tower 2Singapore 018961p: +65 6297 8801
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2 GermanyAllianz SE ReinsuranceKoeniginstrasse 2880802 MunichGermanyp: +49 89 3800 0
Allianz Climate SolutionsKoeniginstrasse 2880802 MunichGermanyp: +49 89 3800 12884
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DISCLAIMER
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These assessments are, as always, subject to the disclaimer provided below
Forward-looking statements
The statements contained herein may include prospects, statements of
future expectations and other forward-looking statements that are based
on management's current views and assumptions and involve known and
unknown risks and uncertainties. Actual results, performance or
events may differ materially from those expressed or implied in such
forward-looking statements. Such deviations may arise due to, without
limitation, (i) changes of the general economic conditions and competitive
situation, particularly in the Allianz Group's core business and core markets,
(ii) performance of financial markets (particularly market volatility, liquidity and
credit events) (iii) frequency and severity of insured loss events, including
from natural catastrophes, and the development of loss expenses, (iv)
mortality and morbidity levels and trends, (v) persistency levels, (vi)
particularly in the banking business, the extent of credit defaults,
(vii) interest rate levels, (viii) currency exchange rates including the Euro/U.S.
Dollar exchange rate, (ix) changes in laws and regulations, including
tax regulations, (x) the impact of acquisitions, including related inte-
gration issues, and reorganization measures, and (xi) general competi-
tive factors, in each case on a local, regional, national and/or global
basis. Many of these factors may be more likely to occur, or more
pronounced, as a result of terrorist activities and their consequences.
No duty to update
The company assumes no obligation to update any information
or forward- look ing sta tement conta ined here in , save for any
i n f o r m a t i o n r e q u i r e d t o b e d i s c l o s e d b y l a w .