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

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

  • © Copyright Allianz

    UNDERSTANDING RISK

    CREATING VALUE

    ALLIANZ REINSURANCE FACTS & 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.

  • © Copyright Allianz 4-Dec-19

    Allianz Reinsurance – company presentation

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    2.0

    RENEWAL AGENDA 2.0 We secure your future

    Allianz Group

    True Customer Centricity

    Intuitive products & services Loyalty leadership

    Digital by Default

    Legacy-free operations Multi-channel access

    Growth Engines

    Systematic rebalancing

    Inclusive Meritocracy

    Beat-the-best mindset & incentives Digitally literate, agile & lean organization

    Technical Excellence

    Data-driven product design, pricing & claims

    True Customer Centricity

    Digital by Default

    Growth Engines

    Technical Excellence

    True Customer Centricity

    Digital by Default

    Growth Engines

    Inclusive Meritocracy

    Technical Excellence

  • © Copyright Allianz

    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 MidCorp Advisory &

    Services Resolution

    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.

  • © Copyright Allianz

    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 business 2 OP including AZRA 3 Combined Ratio only for AZRE PC excluding AZRA

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    Allianz Reinsurance

    DIVERSIFICATION Financial 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

    DIVERSIFICATION ensures 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

    513 547 546 524

    *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.

  • © Copyright Allianz

    SOLUTIONS & SERVICES

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    Allianz Reinsurance

    WHY ALLIANZ RE? Our Strategic Agenda

    Group Portfolio Manager

    Portfolio optimization

    Profitable growthOperational

    excellence

    People & Culture

    Portfolio Optimization

    Profitable growth

    Supporting OE Growth Third-Party Strategy

    RIO / Retro AOM RI, Mid Corp, Legacy Global Lines Optimization

    People & Culture

    Beat-the-best mindset & incentives Digitally literate, agile & lean organization

    Operational Excellence

    Organizational Efficiency Organizational Maturity Data & Analytics

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    Allianz Reinsurance

    OUR BUSINESS We 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

    Resolution Management

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    Allianz Reinsurance

    OUR CAPABILITIES An established niche player for selected business lines and geographical markets

    Client Focus Global Product Offer

    OUR

    CAPABILITIES Stability 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 EXPERTISE Knowing, 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