Allianz Group, with $128 billion of revenue during 2003, is Germany's largest, and one of the world's largest financial services providers with a focus on the insurance business. In 2001, it acquired Dresdner Bank, a large German bank. The Federal Republic of Germany ( German: Bundesrepublik Deutschland) is one of the worlds leading industrialised countries, located in the heart of Europe. ... Financial services is a term used to refer to the services provided by the finance industry. ... Insurance is the business of providing protection against financial aspects of risk, such as those to property, life, health and legal liability. ... Dresdner Bank is one of Germanys largest banking corporations and is located in Frankfurt. ... The essential function of a bank is to provide services related to the storing of value and the extending of credit. ...
External links
Allianz Group corporate website (http://www.allianz.com)
They have been developed on the basis of the corresponding analogs of the AllianzAG mother-company whose quality has been time-tested and proved by the ever increasing demand in almost 60 countries of the world.
Initially, the key point pursued by Allianz was to cooperate with the enterprises, branches and departments of those firms which were the AllianzAG Company's clients and opened their own business in Russia.
Allianz is operating in compliance with the quality standards defined, established and controlled by the AllianzAG Company, Germany.
Note: An AllianzAG spokesperson told a committee of the National Association of Insurance Commissioners that the company is confronting its corporate past in an attempt to settle a possible 1800 unpaid life insurancee claims for Holocaust victims inspite of the fact that the Nazi regime confiscated the cash value of their victims' life insurance.
A spokesperson for AllianzAG suggested that reparations the German government made to survivors and their relatives after the war settled all claims.
Note: AllianzAG is participating in the International Commission chaired by Secretary Eagleburger in the pursuit of clarity on the issue of Holocaust-era insurance claims.
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