Allianz China Life
Allianz China Life is a joint venture life insurance company formed by Allianz SE, the German financial services conglomerate, and CITIC Trust. The company was the first European joint venture insurer in China, officially open in Shanghai on 25 January 1999. At present, Allianz China Life has registered capital of two billion Yuan, of which Allianz SE owns a 51 percent stake and CITIC Trust owns 49 per cent.
Combining the best of international risk management from Allianz with local financial management and financial expertise from CITIC, Allianz China Life has earned a strong reputation for its customized products, professional training and trustworthy service. The company offers all lines of life, retirement, investment, education, health and accident insurance products and services through agency teams, banks, and alternative business channels to meet the comprehensive needs of customers.
Over the course of its thirteen years in China, Allianz China Life has established eight provincial-level branches in Shanghai, Guangdong, Zhejiang, Sichuan, Jiangsu, Shenzhen, Beijing and Shandong to provide professional insurance products and services to more than 500,000 customers in nearly 40 cities.
Building upon the hundred years of Allianz’s reliable and prudent services, Allianz China Life is striving to be the most trusted insurance company out there. We provide professional, high quality and innovative insurance solutions to meet the needs of our customers who are secure in the knowledge that they can lead their lives as they wish because we stand behind them.
Corporate Citizen
Allianz China life, as a joint venture life insurance company of Allianz Group, takes its responsibility to society very seriously. Since its inception more than 10 years ago, Allianz China Life has incorporated sustainable development into its core values . The company strives to advance social well-being by supporting selected initiatives in the communities in which it operates. In pursuing sustainable development of its business, Allianz China Life also makes consistent efforts to fulfill its responsibilities as a corporate citizen.
Relying on the expertise in enterprise risk management and financial know-how, Allianz China Life focuses its efforts on community development and environment protection. From poverty alleviation to disaster relief, from providing safety education to migrant children to support Eco-agriculture program, Allianz has been playing an active part in various social welfare activities and projects and making concrete actions to contribute to the community.
In 2011, Allianz China Life was awarded the "Outstanding Contribution" and the "Caring Corporation” by China Foundation for Poverty Alleviation., “Allianz Children Safety Class " and "Allianz Fuping Eco- agriculture projects" initiated by AZCL also won the Multinational Corporations Outstanding CSR Case Award by Philanthropy Times.
Company Awards
Outstanding Brand
l AZCL was listed among the 100 Best Human Resource Model Companies and Best Training Model Companies in 2009 by 51job.com.
l AZCL was awarded as the Most Trusted Insurance Company Award 2010 by ifeng.com
l AZCL was listed among the Top 50 Work Places in 2009 by Staffers.
l Allianz SE was listed among the Global Top 500 Companies Contribution in China Ranking by Southern Weekly in 2008.
l Allianz SE was awarded Best Solvency Management in Asia by 21st Century Business Herald in 2008.
l AZCL won the Outstanding Contribution Award for Insurance Industry in the award ceremony for China’s most charitable financial corporations in 2008. The award was sponsored by China’s Ministry of Civil Affairs and JRJ.com.
l AZCL was listed in the Top 10 Insurance Brands at the 3rd Financial Exposition in Zhejiang in 2008.
l AZCL was named among the 10 Most Reliable Insurance Brands at the 2007 Best Personal Financial Brands Selection
l AZCL was listed in the Top 10 Insurance Company by China Business News in 2007.
l AZCL was selected as the Most Reliable International Insurer in China in 2006 by Hexun.com
Trustworthy Service
l Allianz SE was awarded Best Insurer for Claims Resolution in Asia and Best Consultant for Insurance Risk Transfer in Asia by the financial magazine Euromoney in 2009.
l AZCL was awarded Best Insurance Financial Planning Team for the Golden Shell Award for Financial Planning by 21st Century Business Herald.
l AZCL Zhejiang branch agency team was awarded the Zhejiang Top 10 Financial Planning Team by Youth Times in 2009.
Innovative Products
l AZCL’s An Kang Yi Sheng Insurance Plan was awarded Best Investment and Pension Insurance Product by the 5th Shanghai Insurance Product EXPO in 2009.
l AZCL’s Super Fit Insurance Plan was awarded Best Innovative Life Insurance Product in the Best Insurance Brand Ranking in China by Money Week in 2009.
l AZCL’s unit-linked product won Best Investment Insurance Product of the Year at the 4th Shanghai Insurance Product Exposition in 2008.
Introduction to Shareholders
Allianz Group
With a presence in more than 70 markets worldwide, Allianz Group is one of the world’s leading providers of insurance and financial services. Allianz’s 142,000 employees serve more than 78 million private and corporate customers worldwide, offering a core set of services which include life, health, property and casualty insurance as well asset management. Allianz provides a variety of insurance services to about half of the world’s top Fortune 500 companies. Allianz is one of the leading asset managers worldwide with 1,281 billion Euros under third-party assets management at year end 2011.
Because of its strong global position in the insurance and financial services industries and its solid capitalization, Allianz enjoys excellent credit ratings by world-famous financial rating agencies such as Standard & Poor’s and A.M. Best. In 2011, Allianz Group ranked 27th on Fortune’s Global 500 list.
Allianz History
l Allianz was founded in 1890 in Berlin, Germany. Today, its headquarters are located in Munich;
l Since the early years of the 20th Century, Allianz has been active in international insurance markets. The company insured and compensated high profile claims such as the San Francisco earthquake of 1906 and the sinking of the ocean liner "Titanic";
l During the German economic recovery period of the 1950s, Allianz powered ahead to become the largest insurer in Germany;
l During the 1980s and 1990s, Allianz conducted numerous strategic mergers and acquisitions in Europe and North America, further strengthening its position as an international insurer.
l In 1998, Allianz took the strategic decision to combine its asset management activities into a separate core business. With the subsequent acquisition of US-based asset managers PIMCO Advisors, Nicholas Applegate and Dresdner Kleinwort, Allianz further reinforced its reputation as a leading institutional investor;
l In 2006, Allianz transformed its legal status from a German stock corporation (Aktiengesellschaft, or AG) into a European company (Societas Europaea, or SE), thereby becoming the first listed German company to convert itself into a publicly listed European company in accordance with European Union law.
l On 27 January 2006, Allianz signed a strategic investment and partnership agreement with Industrial & Commercial Bank of China (ICBC). The agreement opens a wide range of strategic cooperation initiatives.
Allianz in China
Allianz’s business involvement in China dates back to 1910, when it provided insurance coverage to customers in major coastal cities such as Shanghai. Allianz considers China one of its growth markets of strategic importance. Today, Allianz operates all of its core financial businesses in China, including life insurance, general insurance and asset management. Allianz is committed to expanding its business presence in China’s financial markets.
l Life Insurance – Allianz China Life Insurance Company Ltd.
l General Insurance –Allianz China General Insurance Company Ltd.
l Asset Management – Guotai Junan Allianz Fund Management Co., Ltd.
l Travel Assistance Services – Allianz Global Assistance China
l Euler Hermes Credit Insurance AG
CITIC Trust Co., Ltd.
CITIC Trust was established on 5 March 1988 and is a nationwide financial institution which was approved by the National Financial Regulatory Department. Its parent company, CITIC Group, was established with the approval by Deng Xiaoping, chief architect of China's “Open Door” economic policies. Rong Yiren, former Vice President of the People’s Republic of China, founded CITIC on October 4, 1979. Since then, CITIC has grown into a large transnational conglomerate with 44 subsidiaries, holding core business interests in financial, industrial and service industries.