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Sustainability Case Study: Allianz Group

1087 Words5 Pages

) Analysis of the economy, the industry and the selected Company’s competitive strategy and prospect
Who Are We?
Allianz Malaysia Berhad (“AMB”) is part of Allianz Group in Germany. In the year 1980, Allianz Group was established in Germany. With roughly 148,000 employees worldwide, the Allianz Group helps more than 83 million customers in about 70 countries.
AMB publishes its own Annual Report as it is now being listed under Bursa Malaysia. In 2011, AMB published its very first Sustainability Report to generate transparency by reporting its non-financial performance.

Allianz General is one of the superior general insurers in Malaysia and has a wide range of services in personal lines, motor insurance, small to medium enterprise businesses …show more content…

Refer to appendix regarding the SDG.
• Sustainability Governance
The initiation of the Sustainability Working Group (SWG) sets another leap milestone in their sustainable path. The Board works alongside the SWG in giving formal oversight of the corporate sustainability strategy and in making sure sustainability contemplation are integrated into their strategic plans. With a strong governance constitution, they are feeling optimistic that Allianz are able to speed up the materialization of other leap milestones set for the forthcoming year.
• Stakeholder as Game Changers
The firm realized that their stakeholders are known to be the game changers because their sustainable growth lies on their ability to affiliate and secure their strategy with the stakeholder’s …show more content…

In the first quarter of 2017, Allianz Group achieved total revenues of 36.2 (first quarter of 2016: 35.4) billion Euros with all parts contributing to the 2.5 percent rise. Operating profit increased by 9.4 percent to 2.9 billion Euros, due to a well built and effective execution of the Life and Health and Asset Management business segments.
Allianz Group had a great start to its share buy-back program with 6.7 million shares obtained by 5 May 2017, showcasing 1.5 percent of outstanding capital.
However, the Operating profit for the property and casualty business segment had decreased by 12.7 percent to 1.3 billion Euros compared to the prior-year quarter due to a lower underwriting result driven by higher large losses, rise in claims stemming from natural catastrophes and a negative effect from the Ogden discount rate change. Hence, a result of the higher loss ratio caused the combined ratio to rise by 95.6 (93.3) percent.
Dieter Wemmer stated that “The Property and Casualty business segment is on track to meet its full-year target despite higher quarterly charges compared to prior year for large losses, storms in Europe and Australia, and the Ogden discount rate

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