UNDERSTANDING RISK - Allianz...Allianz Reinsurance –company presentation 7 Allianz Reinsurance...

© Copyright Allianz

UNDERSTANDING RISK

CREATING VALUE

ALLIANZ REINSURANCEFACTS & FIGURES

November 2019


ALLIANZ GROUP

© Copyright Allianz 4-Dec-19

Allianz Reinsurance – company presentation

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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


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.


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%


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.


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®


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

4-Dec-19




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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 .

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