Allianz's story in Asia began more than a hundered years ago. Toda, Allianz serves the needs of over 22 million customers, across multiple distribution channels in the region. These are some of the milestones of our journey so far:
Our Story
Allianz's story in Asia began more than a hundered years ago. Toda, Allianz serves the needs of over 22 million customers, across multiple distribution channels in the region. These are some of the milestones of our journey so far:
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Today
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2012 - 2019
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1991-2001
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1951-1989
Today
2024
- Allianz launches MoveNow Mentoring Program to Empower Youths and Para-athletes in Singapore
- Allianz leads the way for insurance and asset management in 2024 Brand Finance Global 500 ranking
- Allianz Asia Pacific hosted the inaugural Allianz Health Summit 2024 in Malaysia.
- Allianz Asia Pacific partners with GIFT and doctorSHARE to enhance healthcare services for remote island communities in Indonesia.
- Allianz Asia Pacific launches #SHESecures, an innovative initiative dedicated to empowering women specializing in sales and distribution within the insurance industry.
2023
- Allianz announces partnership with INSEAD to develop a training and certification program.
- The first-ever MoveNow Camp – Esports Edition, a joint initiative of Allianz and the International Olympic Committee (IOC), was hosted in Singapore at Suntec Singapore Convention Centre.
- Allianz Asia Pacific hosts an exclusive FC Bayern Munich experience.
- Allianz Asia transforms IT Operating Model with Regional Delivery Centre in Malaysia.
2022
- Allianz Ayudhya completes acquisition of Aetna Thailand in Thailand.
- Allianz renews strategic bancassurance partnership with HSBC in Asia for an additional 15 years.
2021
- Allianz receives regulatory approval for the establishment of Allianz Insurance Asset Management Co., Ltd. in China – the country’s first wholly foreign-owned insurance asset management company.
- Anusha Thavarajah named Regional Chief Executive Officer, Allianz Asia Pacific, succeeding Solmaz Altin.
- Allianz China Life receives regulatory approval to become the first wholly foreign-owned life insurance company in China developed from a JV.
2020
- Allianz opens Allianz China Insurance Holding, China’s first fully foreign-owned insurance holding company.
- Allianz partners AEON Financial Service to form a life insurance JV in Japan.
Rationalization and Growth: 2012-2019
2019
- Solmaz Altin named Regional Chief Executive Officer, Allianz Asia Pacific, succeeding George Sartorel.
- Allianz announces intention to enter the general insurance sector in Vietnam through a digital JV with the FPT Group.
- Allianz and Sri Ayudhya Capital PCL complete the expansion of its strategic partnership in Thailand.
2018
- Allianz Lanka completes acquisition of Janashakthi General Insurance Limited in Sri Lanka.
- Allianz and JD.com enter into long-term partnership to develop a digital insurance JV in China.
- Allianz receives approval from the Chinese regulator for the preparatory establishment of an insurance holding company in China – the country’s first-ever wholly-owned insurance holding company by a foreign insurer.
2017
- Allianz and Standard Chartered Bank announce 15-year general insurance partnership in Asia.
- Allianz announces multi-year pan-regional partnership with the Asia Football Confederation.
- Allianz reaches agreement to sell a part of its traditional life insurance portfolio to China Life Insurance Co.
2016
- Launch of Allianz Asia Lab, its first dedicated advanced data analytics and innovation hub in Asia to build the next business model for insurance.
2015
- Allianz enters the Philippines with an acquisition of 51% in PNB Life Insurance and an exclusive 15-year bancassurance partnership with Philippine National Bank (PNB).
2014
- George Sartorel is appointed as Regional CEO, Allianz Asia-Pacific.
2013
- All 12 Allianz entities move into new premises at Asia Square Tower 2 in Singapore.
2012
- Allianz signs an exclusive long-term pan-Asian bancassurance partnership with HSBC.
Expanding the Footprint: 1991-2001
2001
- Allianz establishes a JV in India offering life and non-life insurance products. Allianz officially commences operations in Malaysia as it becomes the controlling shareholder of Allianz General Insurance Malaysia Berhad (AGIM).
1997
- Allianz commenced operations in China, which was a historic moment for Allianz, as it was the first foreign life insurance company allowed to work in China since 1949.
1996
- Allianz sets up a Life and Health Insurance company in Indonesia. Opening of the regional office of Allianz Asia Pacific in Singapore headed by Michael Diekmann.
1995
- Allianz Life Insurance in Taiwan is founded.
1991
- Allianz becomes the first European insurer to open a legally autonomous property insurance subsidiary, Allianz Fire and Marine Insurance Japan Ltd., in Tokyo.
The Founding Years: 1951-1989
1989
- Allianz sets up a P & C company in Indonesia.
1981
- Allianz enters the Asian market with an affiliate in Jakarta and the founding of the subsidiary, Allianz Insurance Pte. Ltd., in Singapore.
1951
- Allianz Ayudhya is established in Thailand.
