PressNewsCompanyPoint of view: 'To see what makes our customers tick'

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'To see what makes our customers tick'

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According to the 'Best global brands' ranking provided by Interbrand, the Allianz brand value has increased by ten percent since last year. Christian Deuringer, director of Global Brand Management, talks about what this ranking really means and what Allianz will do to continue scoring more points in the future.


Allianz SE
Munich, Oct 07, 2015

Allianz-Dr. Christian Deuringer, director of Global Brand Management: “You can't really move forward in life if you don't take calculated risks.“ Dr. Christian Deuringer, director of Global Brand Management: “You can't really move forward in life if you don't take calculated risks.“ a ten percent rise in the brand value, a small step forward in the ranking. Are you happy with where Allianz is placed in the Interbrand ranking?

Christian Deuringer: The Allianz brand value is growing quicker than the market itself, which meant we could edge forward in the ranking, moving up from 55th to 54th place. A success, especially if you bear in mind that we made a big step forward since 2007. Back then we entered the ranking in 80th place with a brand value of 4 billion US dollars. It has now grown to 8.5 billion, more than double what it once was. Our aim, of course, is to continue our ascent in the ranking. In the long-term we will use the strongest consumer good and technology brands as a yardstick.

What can we do to improve in that area?

Ultimately, it's all about operating in a much more customer-centric fashion. Major players like Apple show us how it's done: customers get a product tailored perfectly to their needs. Times when they wanted to grapple with something complicated are long gone. We have to work out what really makes our customers tick. The new positioning of our brand is an affirmation that our customers consciously take calculated risks. You can't really move forward in life if you don't. We are convinced we have chosen the right way as far as relevance and differentiation are concerned.

What is the significance of Interbrand?

The ranking consists of three pillars: financial strength of the business model and its anticipated development, the role played by the brand in purchasing decisions and the brand's actual strength. The exact criteria for this system are a closely guarded secret, much like the Coke recipe of Coca-Cola. The response it has received from the media and its increasing prevalence are proof that Interbrand is one of the world's leading brand rankings. The results of Interbrand's evaluations provide valuable tips on how we can improve and develop Allianz into an even stronger brand.

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