Sino-German Allianz Life Insurance Co., Ltd., a Fortune 500 company and a Sino-European joint venture insurance company, provides professional and high-quality insurance and financial products and services with 100 years of international financial and risk management expertise
Allianz Life Insurance Co., Ltd. is a joint venture life insurance company jointly established by Allianz SE and CITIC Trust Co., Ltd., which officially opened in Shanghai on January 25, 1999, and is the first Sino-European joint venture insurance company approved for establishment in China. The registered capital is 2 billion yuan.
With Allianz's 100 years of international financial and risk management expertise, combined with CITIC Trust's local experience in the financial sector, Allianz is well-known in the market for its innovative tailor-made insurance solutions, professional training systems and honest service concepts. Through a comprehensive marketing network of salespeople, cooperative banks, diversified channels and online sales, Allianz provides Chinese customers with professional and high-quality insurance and financial products and services, covering life, pension, investment, education, medical care, accident and other fields, to meet the needs of customers in an all-round way.
In 2014, Allianz's new business premium income grew steadily, with a year-on-year increase of 15% in new single premium income compared to 2013. In recent years, Allianz has been adhering to the effective balance between scale and value, long-term and short-term, single delivery and term delivery, and has paid special attention to the further improvement of the cost structure and the continuous improvement of business quality. In 2014, the new premium of Allianz accounted for 39% of the total premium income, of which the new single payment and single payment accounted for 63% and 37% respectively, and the premium income of the new single payment increased by 27% compared to 2013. In 2014, the 13-month continuation rate of Allianz policies reached 90%, and in 2013 it was 87%.
It has been further improved on a higher basis. In 2014, Allianz successfully achieved double profitability under international and Chinese accounting standards for the first time in the company's history, and its solvency continued to remain above the adequate level required by the regulators, achieving a double harvest of scale, profit and quality.
Innovation has become the key to the sustainable development of Allianz in 2014. In addition to adhering to the product strategy of focusing on long-term personal insurance with regular payment, Allianz actively explores new paths, leverages the information technology means of Internet finance, and uses group insurance products as a stepping stone for insurance to benefit people's livelihood, and innovatively promotes its protection function. In 2014, relying on the online sales and service system of the Sino-German Allianz electronic platform "An-E-Tong", Sino-German Allianz promoted the innovative "Care for the Whole Family" guarantee plan through workplace marketing, and won the "Financial Innovation Award" awarded by the Shanghai Municipal People's Government in 2014 for its characteristics of returning to protection and benefiting the public
Nominated for the award, becoming the only foreign-funded insurance company to receive this honor in this year's selection.
Rooted in China for more than 10 years, Allianz has set up 8 provincial branches in Shanghai, Guangdong, Zhejiang, Sichuan, Jiangsu, Shenzhen, Beijing and Shandong, and operates in nearly 40 cities to provide customers with professional insurance products and services.
Looking forward to the future, Allianz will uphold Allianz's century-old tradition of stability and reliability, integrate the spirit of innovation, provide professional and high-quality insurance services, and become the most trusted insurance company for Chinese families, so that every customer can have a worry-free life.
