Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Allianz SE
Companies and corporations

The German company Allianz SE: the main stages of development

11.11.2021
2 min read

How Allianz SE managed to become one of the world’s largest insurance corporations

Allianz SE is one of the largest insurance corporations in the world. It is extremely important to the German economy. The company is represented in most global financial markets. Allianz serves more than 78 million customers in 70 countries.
The company’s history began in 1890 in Munich when several respected citizens of the city united to provide insurance services. Among them was the mayor, the deputy of the municipality and the owner of industrial enterprises. The initial capital of the fund amounted to 4 million German marks. 
Allianz developed rapidly and was a success with the public. Already in 1893 the company opened a branch outside Germany, in London, and two years later the shares went on the stock exchange in Berlin. 
A difficult period for the company was from 1906 to 1912, when a major earthquake in San Francisco caused Allianz to make payments on insurance policies. Moreover, during this period there was the Titanic liner catastrophe, and the company also had to carry out compensations to the families of the victims.
A new stage of Allianz’s development began in 1920, when a new business strategy – takeover – was chosen. At that time the company acquired the insurance bank of Bavaria, as well as a firm in Frankfurt.
When the National Socialist Party came to power in Germany, Allianz worked closely with it. From 1933 to 1945, the company insured all members of the party and also controlled Jewish insurance funds.Allianz SE BerlinIn 1949, the head office moved to Stuttgart, where the war effort was already over. The approach to the organization of the business changed as well. Allianz switched to electronic customer records. All data on them was entered into a computer made by IBM. At the time the equipment was huge and occupied a separate large room.
Since 1959 Allianz has been exploring new markets, representative offices have been opened in the United States, Britain, Brazil and other countries. In addition, the company continues to pursue a strategy of acquisitions, thus expanding and strengthening its position in the world.
Thanks to this policy, the company became an internationally important holding company in 1985. Since 1990, Allianz has broadened its range of services and opened new representative offices in Australia, Japan, China and other countries.
2001 has become a difficult period for the company. Central Europe has suffered from the natural disasters, there was a financial crisis in the world market, which has affected the profits of Allianz. The holding lost about 1 million Euro. 
However over time the corporation managed to recover its positions and entered new markets, including Russia. Allianz continues to actively develop and increase the number of clients.

Tags: Companies and corporations
0
Previous Post Is the IT sector facing a crisis: analysts' view Next Post John Schnatter: founder of the famous Papa John's restaurant chain

You Might Also Like

American Tower Corporation
Companies and corporations
American Tower Corporation: sphere of activity, development history
26.03.2021
Oracle Inc
Companies and corporations
American corporation Oracle Inc: business scope and product overview
15.01.2021
Russian stock market
Companies and corporations
Russian stock exchange market: history and features
29.06.2020
IBM corporation
Companies and corporations
IBM Corporation: the history of one of the market leaders in computer technology
21.12.2021
American Water Works Company
Companies and corporations
American Water Works Company: largest U.S. water service provider
13.08.2021
Philips
Companies and corporations
Philips: stages of development of the Dutch corporation
22.10.2021

Recent Posts

  • 1The state of the U.S. economy
    Moody’s Analytics experts have assessed the state of the U.S. economy
    17.05.2022
  • 2Ford invests
    American concern Ford invests in plant construction
    16.05.2022
  • 3Dunamu
    Cryptocurrency exchange operator Dunamu attracted $85 million in investments
    15.05.2022
  • 4artificial intelligence technology in banking
    Artificial intelligence: applications for banking
    14.05.2022
  • 5The European Union created a fund
    The European Union created a fund of 5 billion euros to help businesses
    13.05.2022

Popular Posts

  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Chinese taxi service DiDi Chuxing: a struggle for the market

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press
16.05.2020

Latest Posts

The concept of financial management-1
The concept of financial management in terms of the investment horizon
18.05.2022
The state of the U.S. economy
Moody’s Analytics experts have assessed the state of the U.S. economy
17.05.2022
Ford invests
American concern Ford invests in plant construction
16.05.2022

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Chinese taxi service DiDi Chuxing: a struggle for the market
  • Annual report of the Central Bank: state of reserves and forecast for the future
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics