D&O Liability Insurance

Members of the management and supervisory bodies of Allianz Group have a Directors & Officers Liability Insurance, which covers the liability from their officerships and directorships.
In case of damage covered under the D&O policy, members of the Board of Management of Allianz SE are subject to a retention equal to 10% of the loss, maximum 1.5 times their fixed annual compensation. The retention is in accordance with the German Stock Corporation Act.