Allianz has officially launched its business in Beijing, following similar establishments in the Yangtze River Delta and Pearl River Delta regions. This marks the company's first major step in northern China.

Important step within Private Wealth Management's expansion plan / Platform for further growth in the Near and Middle East region

Allianz Life Sharia Indonesia was honored as the Best Islamic Life Insurer 2008 by Karim Business Consulting in the fifth Islamic Finance Award 2008.

Allianz continues its successful strategy of profitable growth in New Europe. With 1.1 billion euros in the first quarter of 2008, Allianz companies in the region maintained their strong market positions compared to the same quarter of the previous year.

Allianz Global Investors announced the opening of its Middle Eastern office and the launch of two Shariah-compliant equity funds for the region. Allianz Global Investors is the asset management arm of the Allianz Group, and is one of the world’s top five active asset managers.

Allianz expands in Central and Eastern Europe: It is now a trusted partner for corporate customers in the Slovenian market.

Allianz Indonesia is sponsoring a friendly match between FC Bayern and Timnas Indonesia as well as the launch of FC Bayern's first fan club in Indonesia.

Allianz is continuing its path of growth in China. Allianz China Life's multi-distribution strategy now includes Group Sales for corporate clients; and a new range of health insurance products and services for this segment.

Dresdner Bank, a subsidiary of Allianz Group, will open its first branch in the major Indian city of Mumbai (formerly Bombay) in the coming year after being granted a corresponding licence by the Indian Central Bank.

Mondial Assistance continues its international expansion by opening its twenty-eighth international subsidiary, in Moscow.

Leading aid agency CARE International and Allianz are offering a new type of community health insurance in an area of southern India badly hit by the 2004 tsunami.

CARE has teamed up with leading insurance company Allianz to provide insurance to 200,000 of India’s poorest households. RN Mohanty, CARE’s Tsunami Response Program director in Chennai (India), tells us how it works.

Allianz Life Insurance Japan has obtained a license for the Japanese life insurance market.

With increasing automobile traffic, road safety is becoming more of an issue in Asia. Allianz Asia Pacific gears up to build awareness with a special Allianz F1 Road Safety Show, held at the end of February in Malaysia and Indonesia.

Outstanding results in 2007 / Revenues exceeded four billion euros / Successful market entry in Kazakhstan

Total premiums 8.8 billion euros / Operating profit significantly increased / All business targets exceeded in 2007

Euler Hermes, the worldwide leader in trade credit insurance, has announced the official launch of its newest Latin American subsidiary – Euler Hermes Colombia.

The Allianz has appointed Kamesh Goyal as new regional CEO for the Middle East.

After an 18-month pilot, microinsurance products are now an established product line of Allianz in Indonesia. New features, such as policies compliant with Islamic law and co-insurance for spouses, as well as a new distribution concept make the products more flexible and accessible for customers.

In line with Allianz's commitment to the Middle East as a major growth region, the name of Allianz's Lebanese insurance company has been changed to "Allianz SNA".