Allianz SE

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Allianz SE

legal form Societas Europaea (SE)
ISIN DE0008404005
founding February 5, 1890 in Berlin
Seat Munich , GermanyGermanyGermany 
Number of employees 147.268
sales 142.4 billion euros (2019)
Branch Insurance
financial services
As of December 31, 2019

Allianz SE worldwide (as of 2009)
Allianz headquarters: Koeniginstrasse 28 in 80802 Munich
Inscription of the company name "Allianz Versicherungs Aktiengesellschaft" at the Allianz headquarters
Interim note of a share for 1000 marks in Allianz Versicherungs-AG dated February 5, 1890
Old agency billboard

The Allianz SE , based in Munich, is a 1890 established, listed insurance group and by sales of the world's biggest. The company operates worldwide under the name Allianz Group . Oliver Bäte has been the CEO since May 2015 . In 2019, the company posted total revenues of around 142 billion euros and net income of 8.3 billion euros (previous year: 7.7 billion euros).


Former headquarters of Allianz on Taubenstrasse in Berlin, built in 1896/1897

In 1890, Allianz Versicherungs-AG , founded a year earlier in Munich, started its business activities in Berlin (Kochstrasse). All members of the supervisory board of Munich Reinsurance Company (except Schmidt-Polex and von Schauss) acted as founders , the board of directors of Munich Re Carl von Thieme , who had significantly advanced the project, the Reichstag member Hamacher, industrialist Heinrich Lueg (from Haniel & Lueg) and Deutsche Bank . The share capital of 4 million marks (25% to be paid in) was mainly subscribed by Merck Finck & Co (around 1.5 million marks) and Deutsche Bank (around 1 million marks), the rest from the other founders. Wilhelm von Finck was elected chairman of the supervisory board, Hermann Pemsel his deputy. In 1893 the first foreign branch was opened in London, the Foreign Department under the direction of Carl Schreiner, from which the business in the USA was also built up. In 1895 the company's shares were first traded on the Berlin stock exchange.

In 1906 the alliance passed its first endurance test when it had to pay a not inconsiderable part of the compensation after the devastating earthquake in San Francisco . When the Titanic sank in April 1912 , Allianz also had to pay high compensation.

In 1922 the subsidiary Allianz Lebensversicherungs-AG was founded. During the merger wave that rolled through Germany in the 1920s , several companies (e.g. the fire insurance company Deutscher Phönix in 1923 , the Frankfurter Allgemeine Versicherungs AG (FAVAG) in 1929, the Bayerische Versicherungsbank AG in 1923) were bought by Allianz, some of which were able to keep their names and up to acted semi-autonomously in the market into the 21st century. In 1932, Allianz began its involvement in damage research and opened a materials testing facility for damage research, which later became the Allianz Center for Technology (AZT). The aim was to make knowledge gained from the loss events available to interested companies in order to minimize damage and risk.

time of the nationalsocialism

Allianz had already established close contacts with the National Socialists during the Weimar Republic. In February 1931, for example, Adolf Hitler met with Allianz CEO Kurt Schmitt and August von Finck, chairman of the supervisory board. Hitler's fundraiser Walther Funk then announced: "If there is a civil war, the Alliance will give five million marks." In June 1933 Schmitt became Reich Minister of Economics and an honorary SS member.

From 1933 to 1945 the alliance also insured sub-organizations of the NSDAP and opened up new areas of business as the German Reich expanded . Among other things, the customer base was expanded through the takeover of Jewish insurance companies. The alliance benefited directly from deportations. From 1940, Allianz insured SS armaments factories, prisoner barracks, material stores and vehicle fleets in the concentration camps, including in Auschwitz, Buchenwald and Dachau. Allianz employees regularly inspected the concentration camps.

Henning Schulte-Noelle was the first chairman of the board to face this past when he commissioned a company history archive in 1993, which was opened in 1996. In 1998 a group of historians led by Gerald D. Feldman began to research the history of the alliance from 1933 to 1945 and published the results in September 2001. Based on these results, a permanent exhibition was set up both in the company's historical archive and on the Internet. In 2008, a debate arose in the United States about the National Socialist past of the Alliance. In the course of the negotiations on the assignment of the naming rights to the Meadowlands Stadium near New York, the alliance was heavily criticized in leading newspapers and the Anti-Defamation League .

post war period

After the war and Berlin's blockade in 1949, the headquarters were relocated to Munich (Allianz Versicherungs-AG) and Stuttgart (Allianz Lebensversicherungs-AG). Allianz was one of the first companies in Germany to introduce electronic data processing for its policyholders. A computer from IBM was used, which at that time was the size of a machine shop. The data was recorded on punch cards. In 1958, the group introduced the well-known advertising slogan "hopefully Allianz insured", and in the following year business abroad was resumed. In 1956, Merck Finck & Co tried to covertly increase its 40 percent stake in Allianz, but did not achieve its goal and then sold the entire stake in the insurance company by 1990. From this point in time, Munich Re, with which in addition to the 25 percent cross-shareholding since 1921, a framework agreement on the principles of cooperation had existed, was the determining shareholder in Allianz.

1970 to 2000

From the 1970s onwards, through acquisitions and the formation of companies, Allianz became a company that was increasingly active abroad. This was followed by the takeovers of traditional insurers in Germany ( United ), France ( AGF ), Italy ( RAS ) and the USA ( Firemans Fund ). In the 1980s, Allianz advertised on television with commercials that were accompanied by a song sung by Roland Bublitz and the advertising slogan An Alliance for Life . In 1985, Allianz AG was founded as a holding company to better manage investments. Allianz AG also acted as a group reinsurer, which among other things facilitated the unbundling with Munich Re. In the eighties, the alliance took part in the Italian Riunione Adriatica di Sicurtà . In 1990 Allianz took over the state insurance of the GDR . The expansion into the eastern part of Europe began with the purchase of the largest Hungarian insurer Hungaria Biztosíto . Subsidiaries were established or bought in seven other countries in Central and Eastern Europe. In 1990 expansion into Asia began with the establishment of subsidiaries in Japan and Indonesia. Allianz is now represented in China by several subsidiaries and in all major Asian markets through start-ups or acquisitions. Allianz also has a large subsidiary in Australia. In 1994, Allianz entered the private health insurance business with the acquired Vereinte Krankenversicherung Aktiengesellschaft . In 1997, Allianz took over 51% of the shares in the second largest French insurance company, Assurances Générales de France (AGF), valued at 9.2 billion DM. Allianz became the world's largest insurance group.

Since 2000

The takeover of Dresdner Bank in 2001 - together with natural disasters in Central Europe, the attack on the World Trade Center and the crisis in the international financial markets - was responsible for the first negative result in Allianz's history. Allianz AG made a loss of approximately 1.2 billion euros. At the same time, Munich Re reduced its stake in Allianz to 20%.

Allianz Autowelt GmbH was founded in May 2002 , a used car exchange with a stock of around 1.6 million vehicles. In addition to car buying and selling, additional services such as vehicle evaluation, driving reports and route planners are offered. At the end of 2002, the United Insurance was partially absorbed by Allianz; the health insurance division that was taken over was merely renamed Allianz Private Krankenversicherungs-Aktiengesellschaft (APKV) with classic Allianz branding in blue and still exists today as the rest of the Vereinte.

After Allianz and Munich Re officially terminated their framework agreement on cross-shareholding in 2003 and further reduced their mutual share (at the end of 2006 Munich Re still held 4.9% of Allianz), the German insurance industry was largely unbundled. On September 16, 2005, Allianz launched its direct insurance brand Allianz24 through its subsidiary, Vereinte Spezial Versicherung AG , which remained from Vereinte Versicherung , under which it exclusively offered car insurance over the Internet for four years. After internal resistance from Allianz representatives , it was replaced on September 17, 2009 by the new direct insurance brand Allsecur , today's Allianz Direct Versicherung-AG .

At the beginning of 2006, the three main German companies of Allianz, Allianz Versicherungs-Aktiengesellschaft (AZ Vers), Allianz Lebensversicherungs-Aktiengesellschaft (AZL) and Allianz Private Krankenversicherungs-Aktiengesellschaft (APKV), the newly created Allianz Deutschland AG (AZ D) as Holding subordinated to business in Germany. The respective sales teams were bundled in Allianz Beratungs- und Vertriebs-AG (ABV).

On October 13, 2006, the merger with the Italian RAS and the simultaneous conversion of Allianz AG into a European stock corporation (SE) became final when the new company name Allianz SE was entered in the Munich commercial register . In May 2007, Allianz took over the vending machine company Selecta from the British catering provider Compass Group for a price of around 1.1 billion euros.

On August 31, 2008, Allianz and Commerzbank announced that the supervisory boards of both companies had agreed to sell Dresdner Bank to Commerzbank for a total of 9.8 billion euros. The sale was completed on January 12, 2009.

With the Oldenburgische Landesbank (OLB) remaining in the Allianz Group, Allianz Germany created the Allianz Bank department , which laid the foundation for Allianz Bank .

In the years 2009 to 2012, Allianz tried to promote its business with private supplementary health insurance through a sales cooperation through the KKH-Allianz (substitute fund) .

In 2012, Allianz Deutschland submitted a takeover offer to the owners of Provinzial NordWest for the Münster- based insurance group. The takeover attempt failed in December of the same year.

Business with Allianz Bank remained in deficit up to and including 2013. The Oldenburg Landesbank (OLB) announced on January 24, 2013, that its Allianz Bank branch therefore terminated business with June 30, 2013. As a result of this measure, more than 450 jobs were to be eliminated nationwide at OLB and Allianz Deutschland. The expenses for the necessary restructuring measures were borne by Allianz Deutschland AG in accordance with the existing agreement. OLB should continue its core business as a traditional regional bank in northwest Germany.

On June 23, 2017, the takeover of Allianz Deutschland's shares in OLB (around 90.2%) for 300 million euros by Bremer Kreditbank , which is backed by the US financial investor Apollo Global Management , was announced.

Business activity

The Allianz Group is mainly active in the insurance business. In 2009, the property and casualty insurance segment posted gross premiums of 42.5 billion euros. The life and health insurance business generated premium income of 50.8 billion euros in the same period.

The Allianz Group is the largest shareholder in Extremus Versicherung , a German specialist insurer for large losses caused by terrorism .

After Dresdner Bank was sold to Commerzbank at the beginning of 2009, the banking sector in Germany is concentrated on Oldenburgische Landesbank (OLB). The previous Allianz customers of Dresdner were transferred to the newly founded Allianz Bank as a subsidiary of OLB in 2009, if they followed suit. There are other major banking activities in Italy and France.

The smallest business area is the so-called asset management , which operates under Allianz Global Investors . Allianz Global Investors comprises various asset managers, in particular PIMCO (bonds) and RCM (stocks). The Allianz group manages assets for private individuals and institutional investors such as pension and investment funds as well as its own subsidiaries in the insurance sector. In 2010, this business exceeded the limit of 1,500 billion euros in assets under management and generated a profit of 2.1 billion euros.

In 2013, Allianz X GmbH was founded as a " Company Builder " of the Allianz Group with the aim of further advancing digitization within the Allianz. Peter Borchers has been won as CEO. Allianz X had its first spin-off with the car broker Abracar in January 2017. In November 2017, the focus of Allianz X was realigned. Allianz X has been making strategic investments for digital topics ever since and is no longer a company builder. Nazim Cetin took on the CEO role. In 2019, Allianz X will receive further investment funds of 570 million euros. Together with the starting budget of 430 million, with which 15 investments have already been made, the total investment volume of Allianz X is now 1 billion euros.

Group holdings of Allianz SE

Old Allianz logo on the
Trostbrücke in Hamburg

Operational group investments in Germany

Elvia logo
  • Allianz Alternative Assets Holding GmbH (AAA), Munich
  • Allianz Capital Partners GmbH (ACP), Munich
  • Allianz Deutschland AG (AZ D), Munich, consisting of
    • Allianz Beratungs- und Vertriebs-AG (ABV), Munich
    • Allianz Handwerker Services GmbH, Munich
    • Allianz Lebensversicherungs-Aktiengesellschaft (AZL), Stuttgart
      • Deutsche Lebensversicherungs-AG (DLVAG), Berlin
      • Allianz Pensionskasse AG (APK), Stuttgart
      • Allianz Pensionsfonds AG (APF), Stuttgart
    • Allianz Ortungsservices GmbH (AOS), Munich
    • Allianz Private Krankenversicherungs -Aktiengesellschaft (APKV), Munich
    • Allianz Versicherungs-Aktiengesellschaft (AZ Vers), Munich
      • ADAC Autoversicherung AG , Munich (49%)
      • Münchener & Magdeburger Agrar AG (MMAgrar), Munich
      • Volkswagen Autoversicherung AG, Braunschweig (49%)
    • United Special Health Insurance Aktiengesellschaft, Munich
  • Allianz Global Corporate & Specialty SE (AGCS), Munich
  • Allianz Global Investors GmbH (AGI), Frankfurt am Main
  • Allianz Technology SE (AzTech), Munich
  • Allianz Pension Consult GmbH (APC), Stuttgart
  • Allianz Pension Partners GmbH (APP), Munich
  • Allianz Center for Technology (AZT), Munich
  • Allianz Global Automotive (AGA), Munich
  • Allianz Direct Versicherung AG, Munich

Operational group holdings abroad

Allianz Vienna logo
  • Yapı Kredi Sigorta, Turkey
  • as well as numerous subsidiaries of Allianz SE

Strategic group investments

In May 2007, Allianz took over the Russian financial group Progress-Garant. A price of 100 million dollars (around 74 million euros) was discussed. At that time, Progress-Garant was ranked 25th among the largest Russian insurers. In 2011, the activities of the three Russian business units of the Allianz Group, namely ROSNO, Progress-Garant and Allianz Russia, were combined in a new company, OJSC IC Allianz, which started operations in April 2012.

In December 2016, the sale of 49% of Gas Connect Austria to a consortium consisting of Allianz and Snam was completed.


The company's share capital is divided into around 417.2 million  shares . The company's shares are listed on the Deutsche Börse in Frankfurt and are included in the DAX and DivDAX . On September 22, 2009, the insurance company announced that it would withdraw its shares from listing on the NYSE . In addition, the listing on the stock exchanges in London, Milan, Paris and Switzerland will be suspended. The reason was the low trading volume on foreign stock exchanges.

Shareholder structure

As of the end of September 2019, almost all of the shares (98.1%) are in free float . In terms of share capital, Allianz SE is 68.2% owned by foreign investors. The share of private investors is 18.6% and the share of institutional investors is 81.4%. Around 536,000 shareholders from Germany hold a total of 31.8% of the shares. One of the well-known institutional shareholders is BlackRock Inc. with 6.66%.

Dividend policy

As a target for the annual dividend payment, Allianz states to distribute 50% of the net income (attributable to shareholders) of the Allianz Group to the shareholders and at least not to fall below the level of the previous year.


Oliver Bäte has been the Chairman of the Management Board since May 7, 2015 ; Michael Diekmann has been Chairman of the Supervisory Board since May 7, 2017 .

Since 2005, the remuneration of the Management Board and the Supervisory Board has been shown individually and published together with the annual report.

General directors / CEOs

Term of office Surname
1890-1904 Carl von Thieme (1844–1924)
1904-1921 Paul von der Nahmer (1858–1921)
1921-1933 Kurt Schmitt (1886–1950)
1933-1948 Hans Heß (1881–1957)
1948-1961 Hans Goudefroy (1900–1961)
1962-1971 Alfred Haase (1903–1972)
1971-1991 Wolfgang Schieren (1927–1996)
1991-2003 Henning Schulte-Noelle (* 1942)
2003-2015 Michael Diekmann (* 1954)
since 2015 Oliver Bäte (* 1965)

social commitment

Allianz is a main sponsor of the business plan competition for social organizations startsocial .


Staple food speculation

In May 2012, the aid and development organization Oxfam published a study entitled “You don't play with food!” On the occasion of the annual general meeting of Allianz SE. In the study, Oxfam comes to the conclusion that Allianz is number one in Germany - even ahead of Deutsche Bank - when it comes to speculating on staple foods. In 2011, Allianz SE invested an estimated 6.242 billion euros in five funds, either directly or indirectly in agricultural commodities. For comparison: German financial institutions invested a total of 11.395 billion euros in agricultural commodities in 2011. According to the study, this corresponds to about one sixth of the world's fixed assets in this area.

According to Oxfam, speculation in foods like wheat or corn leads to extremely fluctuating prices and price spikes in the commodity futures markets, which have an impact on real prices. Accordingly, rising or volatile prices cause hunger. People in the global south in particular suffer from rising prices: they spend up to 80% of their income on food, there is a lack of money for education or health care (in Germany, people spend an average of 10–12% of their income on food). According to the World Bank, the number of starving people has risen by 44 million since the 2010/11 price explosion. In response to public criticism, other European financial institutions have announced that their food investments will be phased out or at least checked. Allianz SE did not want to follow this example in 2012 and instead denied any connection between speculation and rising or volatile prices.


Protest against dismissal plans in 2006

On June 22, 2006, the Allianz Group announced that it would cut around every sixth full-time position with around 7,500 positions in Germany by 2008, around 2,500 of which at Dresdner Bank . Employees should have the opportunity to move to other areas of the company in which around 3,000 jobs will soon be vacant due to normal fluctuation. Severance payments of up to 250,000 euros were planned. The number of service locations should be reduced from 21 to ten. Among other things, it was planned to close all locations in North Rhine-Westphalia and limit the Frankfurt location to a competence center for vehicles. In public, these measures were often criticized as disproportionate, with reference to the record profit of 4.4 billion euros in the 2005 financial year. The works council had the job cuts checked by external experts. On November 20, 2006, after negotiations with the ver.di union, the group management announced that they would not be dismissed for operational reasons until 2009.

Party donations

Allianz is one of the largest party donors in Germany and has donated more than 3.2 million euros to the Bundestag parties, with the exception of Die Linke and the AfD , since 2000 . The group justifies this with the fact that the left is clearly opposed to any form of market economy, and that the AfD, according to its party program, would be very committed to a strongly managed economy.

Domain warnings

In April 2001, the group made headlines with warnings against domain owners whose domains had "allianz" as a component, including

  • "", the owner of which was even insured with Allianz legal protection,
  • “”, the domain of a CounterStrike clan of a then 18-year-old schoolboy.

Refusal to perform

On September 4, 2012, the ARD magazine Panorama showed a documentary in which it was criticized that Allianz in Germany would delay the processing of insurance claims through appeal procedures.

Incorrect calculation of surrender value for life insurance policies

The Hamburg consumer center has sued the Stuttgart Higher Regional Court against a clause for calculating the surrender value of life insurance contracts, for exemption from premiums and for cancellation deduction by Allianz Lebensversicherungs-AG. The OLG ruled on August 18, 2011 and declared the corresponding clause to be ineffective. After the OLG had not allowed an appeal, Allianz initially filed a complaint with the Federal Court of Justice regarding the non-approval. The appeal was withdrawn on January 8, 2013, making the judgment final. According to estimates by the consumer advice center, affected Allianz customers were entitled to an average compensation of 500 euros. The alliance assumed compensation payments of up to 117 million euros.

Retirement plan without guaranteed interest

On July 5, 2013, Allianz Lebensversicherung introduced a new insurance policy without a guaranteed interest rate. According to the company, the pension concept offers the prospect of “security with the chance of an attractive profit sharing”. However, the Association of Insureds (BdV) criticizes the fact that customers face high losses if they terminate prematurely. Tobias Weissflog, the chairman of the board of the BdV, especially criticized the high costs for the customers. Other consumer institutions such as the Baden-Württemberg consumer advice center are also skeptical of the new concept.

Known insured events

  • Allianz was the insurer of Malaysia Airlines Flight 370 .
  • Allianz was the insurer of the crashed Indonesia-AirAsia flight 8501 .
  • The Allianz subsidiary Allianz Global Risks US Insurance , along with several other insurance companies, insured the World Trade Center in New York. Allianz was ordered to pay double the amount of damage because the court upheld the lawsuit that the terrorist attacks on the twin towers involved two different cases of damage.

Allianz as namesake

Allianz is the namesake of eight sports stadiums worldwide:

See also


Web links

Commons : Alliance  album with pictures, videos and audio files

Individual evidence

  1. a b c key figures 2019 , accessed on February 22, 2020
  2. Largest insurance companies worldwide by revenue in 2014 (in billion US dollars) , Statista , accessed on November 18, 2015.
  3. Forbes Global 2000: The World's Biggest Public Companies (Diversified Insurance Companies by Revenue) . (English, [accessed January 5, 2017]).
  4. Business advertisements . In: Berliner Adreßbuch , 1890, after part 1, p. 3 (alliance with its individual offers, share capital, etc.).
  5. Details of the establishment, especially the relationship with Munich Reinsurance, as well as the development of Allianz in the first decades at Harold Kluge: The influence of the business of "Allianz" on the development of the "Münchener Rückversicherungs-Gesellschaft" in its first fifty years ( 1880-1930). In: Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook. 2006/2, pp. 217-246.
  6. Details in Reinhard Spree : Two Chapters on early history of the Munich Reinsurance Company: The Foundation / The San Francisco Earthquake . Department of Economics, University of Munich, Munich Discussion Paper No. 2010-11, Munich 2010.
  7. a b The “Auschwitz Risk”. In: Der Spiegel. 1997, accessed July 20, 2019 .
  8. "An alliance for life" This is how Ogilvy recalls the Allianz advertising classic from the 80s , , July 12, 2016
  9. Splitscreen spot: Allianz classic "Tomato Stack" reissued , W&V , July 13, 2016
  10. ^ " Offline instead of online " in the Financial Times of February 28, 2011 ( Memento of March 3, 2011 in the Internet Archive )
  11. Representatives put pressure on: Alliance 24 gives up. Retrieved February 14, 2019 .
  12. Wirtschaftswoche: Insurance from the Internet: Allianz fails with online offer. Retrieved February 14, 2019 .
  13. (PDF)
  14. Allianz Deutschland AG company brochure ( Memento from September 27, 2007 in the Internet Archive ) (PDF)
  15. Allianz concludes conversion into SE . ( Memento of June 10, 2008 in the Internet Archive ) Allianz Group, press release, accessed April 23, 2008
  16. Allianz buys machine operator Selecta for EUR 1.1 billion . May 14, 2007.
  17. Dresdner Bank transaction completed ( Memento from September 5, 2008 in the Internet Archive )
  18. ( Memento of December 4, 2008 in the Internet Archive )
  19. Joint press release: KKH-Allianz and Allianz end cooperation at the end of the year. Archived from the original on April 6, 2012 ; accessed on February 12, 2017 .
  20. No sale to private insurers. Kieler Nachrichten, accessed on January 17, 2019 .
  21. Oldenburgische Landesbank AG: Business activities of the Allianz Bank branch ceased . DGAP-Adhoc.
  22. Lisa Boekhoff: Allianz sells OLB stake in Bremer Kreditbank . In: Weser-Kurier , June 23, 2017, accessed on February 11, 2018.
  23. Analyst conference. (PDF; 1.3 MB) Allianz SE, February 25, 2011, archived from the original on September 11, 2011 ; accessed on February 12, 2017 .
  24. Peter Borchers becomes CEO of Allianz X - Press | Alliance. Retrieved April 27, 2017 .
  25. Allianz X launches abracar, a P2P platform for car sales - Press | Alliance. Retrieved April 27, 2017 .
  26. Allianz X announces changes in strategy and leadership - Press | Alliance. Retrieved June 8, 2018 .
  27. Jonas Tauber Berlin: Allianz pays billion for digital companies . In: . February 20, 2019, ISSN  0174-4917 ( [accessed February 21, 2019]).
  28. ( Memento of August 7, 2007 in the Internet Archive )
  29. Investment business: Allianz Capital Partners is bleeding out. Retrieved January 16, 2019 .
  30. Alliance | Squeeze-Out Allianz Leben: Approval procedure successful. Retrieved February 14, 2019 .
  31. Progress-Garant: Allianz is interested in Russian insurers. Retrieved February 14, 2019 .
  32. конференциявсс.рф ( Memento from May 4, 2014 in the Internet Archive )
  33. capital structure. In: Retrieved November 19, 2019 .
  34. Allianz withdraws from NYSE and European stock exchanges (119406242) | bö Retrieved February 14, 2019 .
  35. a b shareholder structure. In: Retrieved November 19, 2019 .
  36. ^ DGAP voting rights: Allianz SE. Retrieved November 19, 2019 .
  37. n-tv news: Allianz announces profit distribution. Retrieved January 16, 2019 .
  38. Alliance | Dividend. Retrieved January 16, 2019 .
  39. Alliance: Members - About Us | Alliance. Accessed August 31, 2019 .
  40. Management: Board of Directors. Allianz SE, accessed on January 9, 2017 .
  41. Supporters and sponsors ( Memento from April 6, 2015 in the Internet Archive )
  42. Alliance and Food Speculation . Oxfam , 2012, accessed July 31, 2012.
  43. Allianz will not be dismissed for operational reasons until 2009 instead of 2007 . In: Capital
  44. Alex: # 257 - The CEO of the Allianz Group - Jung & Naiv with Oliver Bäte | Young & naive. Retrieved June 22, 2016 .
  45. Company - Allianz AG - Political Database - Party Financing - Party Donations - Party Financing. Retrieved February 14, 2019 .
  46. Party donation watch. In: taz. the daily newspaper. Retrieved February 14, 2019 .
  47. ^ Names on the Net . Focus Online
  48. The delusion of warnings is getting more and more absurd . Telepolis
  49. Allianz Group wants domain
  50. Panorama broadcast on September 4, 2012
  51. Consumer Center Hamburg ( Memento from January 9, 2013 in the Internet Archive )
  52. AZ: 2 U 138/10
  53. ^ Pension plan perspective of Allianz , last accessed on July 12, 2013.
  54. Press releases - Federation of the Insured. Retrieved February 14, 2019 .
  55. Life insurance without guaranteed interest: Why the products are unsuitable for consumers , last accessed on July 12, 2013.
  56. Missing Boeing: Allianz pays for flight MH 370. Accessed January 16, 2019 .
  57. Allianz guarantees quick support after the AirAsia accident. In: December 30, 2014, accessed March 14, 2017 .
  58. ^ Silverstein and the eternal construction site manager-magazin, October 19, 2006

Coordinates: 48 ° 9 ′ 16 ″  N , 11 ° 35 ′ 19.5 ″  E