Allianz completes sale of part of its life insurance portfolio in Taiwan to China Life

Allianz today announces that it has completed the sale of part of its traditional life insurance portfolio in Taiwan to China Life Insurance Co.

Allianz remains fully committed to its life insurance business in Taiwan, and will continue to accelerate its growth and innovation agenda to provide customers with superior  protection solutions in this key market. 

The Allianz Group is one of the world's leading insurers and asset managers with more than 86 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing over 650 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.4 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2017, over 140,000 employees in more than 70 countries achieved total revenue of 126 billion euros and an operating profit of 11 billion euros for the group.

Asia is one of the core growth regions for Allianz, characterized by a rich diversity of cultures, languages and customs. Allianz has been present in the region since 1910, when it first provided fire and marine insurance in the coastal cities of China. Today, Allianz is active in 14 markets in the region, offering its core businesses of property and casualty insurance, life, protection and health solutions, as well as asset management. With its more than 32,000 staff, Allianz serves the needs of over 18 million customers in the region across multiple distribution channels and digital platforms.

As with all content published on this site, these statements are subject to our Forward Looking Statement disclaimer:

 

Disclaimer

Sean Ottley
Allianz Asia
Phone: +65 8614 0997

Send email

Fangyi Liu
Allianz Taiwan
Phone: +886 6625 5861

Send email

Sep 09, 2020

Companies face five liability risk trends in the face of the coronavirus pandemic

read more

Sep 03, 2020

Europe: Post-corona pulse check

read more

Aug 25, 2020

Earthquake and Fire Research Center in Turkey expands family of Allianz research centers

read more