History of Allianz Group

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Insurance project History of Allianz Group Allianz is a German multinational financial services company headquartered in Munich, Germany and is one of the leading insurers and financial services providers worldwide. The founding years – 1890 Allianz was founded in Berlin on 5 February 1890 by Carl von Thieme and Wilhelm von Finck. The company originated as a transport and accident insurer. The first step to become an international company started with the opening of a branch office in London in the late 19th century, by providing transport insurance to German customers with ownership abroad. Growth and rationalization – 1918 Despite inflation and the global economic crisis, Allianz becomes Germany’s largest insurer. As the company grows, simplified and automated work processes are required: the company starts offering small property and life insurance policies with monthly premiums of two to four Reichsmarks Under National Socialism – 1933 From 1933, Allianz is part of the National Socialist dictatorship’s economic system. Like many other companies, at the end of World War II Allianz faces economic ruin. Reconstruction and change – 1945 After reconstruction and the economic miracle in Germany, Allianz becomes Europe’s largest insurer in the 1970s. Allianz shifted its headquarters to Munich in 1949. After World War II, global business activities were gradually resumed. Allianz opened an office in Paris in the late 1950s and a management office for Italy in the 1960s. These expansions were followed in the 1970s by the establishment of business in the United Kingdom, the Netherlands, Spain, Brazil and the United States. Increasingly international – 1973 For Allianz Europe and America are the markets of future. To ensure Allianz’s ability to act internationally, the holding company Allianz AG is created in 1985. This facilitates the wave of

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