Allianz is one of the largest insurance companies in the world, whose impact on the global economy has been recognized as systemically significant. Founded in 1890 in Munich, it is to this day an example of financial strength and reliability. In 1985, the company was turned into an international holding, and according to the results of 2010, it received the 20th place in the Fortune Global 500 rating.
Traditionally, the Allianz Group operates in three main areas - direct insurance, banking and asset management. Each of the respective divisions employs hundreds of analysts and portfolio managers.
In 1997, the company acquired 51 % shares of Osyuros Generale de France, making it the largest insurance group in the world. In 2006, Allianz became a European joint stock company and received the name Allianz Sociates of Europa (abbreviated as Allianz SE).
Today the company is a multinational enterprise with more than 600 subsidiaries in 70 countries around the world. The number of full-time employees of the holding exceeds 181 thousand people, and the number of insurance agents has long exceeded 500 thousand. The net income generated by Allianz SE is over $8 billion per year.
Allianz's best-known insurance payouts include coverage of losses from the 1906 San Francisco earthquake, the sinking of the Titanic in 1912, and the 2002 European flood.