Talanx is a platform that offers scope for more strategic growth

Transcription

1 Große Big targets Ziele in im view Blick

2 Talanx is a platform that offers scope for more strategic growth

3 Talanx a success story The Talanx Group is an insurance group that has a profile on all continents. The Group has strong roots in Germany, which has enabled it to create a sound financial and strategic foundation. This has proved a robust platform for an exceptional success story. The Talanx Group operates in primary insurance and reinsurance and is established in the marketplace through a portfolio of brands. The business profile makes the company unique in the sector: The Group mainly pursues its business with professional market players, for example with other insurers, banks, professional brokers and large mid-sized companies and industrial groups, some with their own insurance departments. The Group also markets some of its products directly to businesspeople and private customers. The company is based in Hannover, operates in about 150 countries and has good ratings of Standard & Poor s for the Talanx primary insurance group and the Hannover Re Group. 1

4 Internationalisation Existing locations in 2000 Establishment/Acquisitions 1) Cooperation/Joint Ventures 1) 1) Since 2000, partly at existing locations The Talanx Group is taking a proactive approach to the challenges in a globalised world. It has defined the objective of generating business above the average level, with particular emphasis on business abroad. Industrial groups and small and medium-sized companies are extending their activities abroad and require appropriate insurance cover for their businesses. Industrial Lines offers these companies global services while at the same time acquiring new customers in the local foreign markets. The foreign companies grouped under Talanx International write local business with retail and commercial customers. The nature of reinsurance makes it an international business. Global diversification is part of the basic range of tools for spreading large and complex reinsurance risks. 2

5 Talanx a success story Globalisation as growth factor The international reach and capability of the Talanx Group are expanded through strategic joint ventures and acquisitions of wellpositioned companies with robust sales that are located in the target regions of Central and Eastern Europe, Latin America and Asia. The Group is committed to fostering know-how available at the regional level. This means that expertise remains in-house when acquisitions are made and continues to be used by the Group. Over the past decade, Talanx has experienced particularly high growth and has made the quantum leap to become a Group operating on the global stage. Acquisitions and strategic joint ventures expand our international reach and capability 3

6 The divisions a strong team In order to enhance transparency, the Group has tailored its clear and efficient structure to the needs of customers and investors by creating four operating customer segments. The Group mainly transacts its business with professional market players. Industrial Lines division The Industrial Lines division is led by HDI Global SE. The company is active worldwide through branches and subsidiaries as well as network partners. Providing insurance for industrial customers is a business between professionals. The industrial customers in Germany and abroad benefit from experience in risk assessment and management span ning decades. They also have access to a proven track record of expertise in professional claims management. The pro d-uct spectrum ranges from liability insurance, motor insurance, per sonal accident, and fire and property/casualty insurance to marine, special lines and engineering insurance. Retail Germany division The Retail Germany division concentrates the activities of companies serving retail and commercial customers in the areas of P&C insurance, life insurance and bancassurance in Germany. The divisional company bears the name Talanx Deutschland AG. The division offers German retail and commercial customers insurance protection that fits their needs. The range of products extends from property/casualty covers through all lines of retirement provision to complete solutions for small and mid-sized enterprises as well as freelance professionals. In this context, all sales channels are at its disposal not only its own tied agents or gani zation but also sales through independent intermediaries and multiple agents, direct sales and cooperative ventures with banc assurance partners. 4

7 The divisions a strong team The division applies a philosophy tailored to the business partners. The aspiration is to offer optimum conditions to professional partners like banks, major brokers, other companies (composite insurance) and automobile manufacturers (cooperative ventures for selling motor insurance). Moving forward together with a targeted strategy 5

8 Retail International division This division concentrates the activities of companies serving retail and commercial customers with a focus on Central and Eastern Europe and Latin America. It is managed by Talanx International AG. Co op er ation with professionals dominates this business. The majority of policies are sold through brokers and independent agents. The pro duct range includes packages for motor insurance, property and casualty insurance, marine and fire insurance, and life insurance plans. The Retail International division exploits local, sector-specific knowhow and projects its profile through an integrated sales network. This enables it to identify the specific requirements of its customers abroad and offer tailor-made solutions. 6

9 The divisions a strong team Reinsurance division The Reinsurance Division within the Talanx Group is handled almost exclusively by the Hannover Re Group, one of the leading reinsurance groups in the world by premium volume. Hannover Re transacts all lines of property/casualty and life /health reinsurance and is present on all continents. Business in Germany is transacted by the subsidiary E+S Rück. Hannover Re s successful business model has been recognised several times with the Reinsurance Company of the Year award from Insurance Day, the presti gious UK daily for the global insurance industry. Our business processes respond to customer requirements Financial Services Above and beyond insurance business, the Group offers financial services which consist most notably of asset management activities as well as the Group s internal reinsurance broker Talanx Reinsurance Broker (Talanx Re Broker) and the Group's in-house reinsurer Talanx Reinsurance (Ireland) Ltd. (Talanx Re). Asset management functions are performed by the companies Talanx Asset Management, Talanx Immobilien Management and Ampega Investment. The focus here is on the operational subsidiaries of the Talanx Group as well as services rendered by Ampega Investment for third parties outside the Group. Talanx Re Broker is the professional reinsurance advisor and intermediary for property/casualty reinsurance cessions of the Talanx Group. Talanx Re is a reinsurance company that writes exclusively Group business. It thereby helps to optimise the business retained on the level of the Group as a whole. 7

10 Multibrand Group a formula for success While the Talanx brand is primarily directed towards the capital market, the high level of international product expertise, forward-looking underwriting policy and sales strength are reflected in a multibrand strategy in the operating companies. The HDI brand stands for the business transacted worldwide with retail and industrial customers. It is the main brand in primary insurance. In Germany the HDI insurers operate with property/casualty and life insurance products under this brand name. Companies outside Germany also trade under the HDI name. HDI thus provides comprehensive, tailor-made insurance cover worldwide. >> HDI also stands for the industrial lines business transacted in Germany and internationally by HDI Global SE. HDI offers a full range of business risk products, including property, liability, accident and motor insurance lines. >> As one of Poland s leading insurance groups, the WARTA Group offers property, liability and personal insurance products as well as life insurance. By combining products and services from several different companies, WARTA is able to offer its customers a particularly broad, tailored range of products. >> The TU Europa Group is Poland s leading bancassurance provider. Its products range from credit insurance to unit-linked life insurance products. >> The neue leben insurers have positioned themselves within the banc assurance sales channel as the provision specialists for savings institutions, offering customers and sales partners innovative insurance products on attractive terms. >> 8

11 Multibrand Group a formula for success The PB insurers operate in the bancassurance sales channel exclusively for their partner Postbank. Sharing the latter s market profile, they design attractive insurance products at reasonable prices that are tailor-made to meet the needs of its customers, such as retirement provision and risk insurance products. >> In the bancassurance sales channel, the TARGO insurers operate exclusively for their partner TARGOBANK, offering its customers simple, convenient solutions for all their banking, finance and insurance needs. >> The Russian company OOO Strakhovaya Kompaniya CiV Life, a bancassurance partnership with Citibank, trades under the CiV brand name. CiV Life is one of the most dynamically performing insurance companies in the Russian life insurance market. >> Magyar Posta Biztosító is the high-growth partner for the Hungarian postal service in the bancassurance sales channel. Its easy-to-understand, transparent range of products offers excellent value for money and covers the life insurance and property/casualty lines. >> The Hannover Re Group is one of the largest reinsurers in the world and offers the whole range of property/casualty and life/health reinsurance lines. It is represented on every continent and takes a flexible, undogmatic approach to business. Its subsidiary E+S Rück focuses on the German market. >> >> Ampega is one of the major asset management companies in Germany that is not affiliated to a bank. It offers products and services across the entire asset management value chain, from funds through to asset management for private and institutional investors. >> 9

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13 A strong financial base allows Talanx to aim for ambitious targets 11

14 Promoting your careers taking responsibility Talanx is established on a sound platform. The pathway to growth is open the Group has a strong financial base and is fit for the competition of the future. The Group s workforce of people has established this position with an outstanding level of commitment all round the world. They are continuing to work on transforming it into one of the world s leading insurance groups. This means that a workforce consisting of competent and committed employees with entrepreneurial initiative is one of the most important strategic factors for success. We use professional programmes to support our employees and continuously develop their expertise. At the same time, Talanx believes in getting the work-life balance right. Variable working hours enable staff to combine career and family. Flexible models for work and opportunities to work part-time increase personal freedom. Attractive assignments and extensive scope for decision-making 12

15 Promoting your careers taking responsibility The various companies in the Talanx Group offer a diverse range of training options ranging from classic vocational training to a bachelor s degree. Alongside taking responsibility for its employees, the Talanx Group also takes responsibility for the community. The Talanx Foundation runs a scholarship programme in cooperation with selected universities to support students with a monthly grant. 13

16 Progress as a tradition Over a history spanning more than a hundred years, the Group has proven many times that a continuous heritage of success can only be based on a platform of continuous ability to change. Talanx anticipates market demands, responds flexibly to requirements and quickly implements changes. In 1903, the enterprise under the name HDI V.a.G. (liability association of German industry) was established with the aim of providing in - surance based on mutuality. Since then the company has continuously 1903 Origin with commercial 1924 employers liability insurance associations: Start of reinsurance activities: Establishment of HDI Eisen und Stahl Launch of business Establishment of as a liability association takes over reinsurance for private individuals: today s Hannover Re of the German iron and for the liability Start of volume as an in-house steel industry association business international reinsurer 14

17 Progress as a tradition expanded its range of products and its locations. Talanx has been operating as a subsidiary company of HDI V.a.G. since It has been leading the Talanx Group since 2003, which came into being after the operating business was hived off from HDI V.a.G. Today, HDI V.a.G essentially acts as the owner company of the Talanx Group. The constructed name Talanx combines phalanx, a robust yet flexible combat formation in Ancient Greece, with talent, the currency unit that was used by the Greeks to denominate large sums of money. In 2010 the Talanx Group was transformed from an organisation based on insurance lines to a customer-centric structure, providing an ideal positioning focused on different customer groups, regions and joint-venture partners. This structure makes it easy to integrate new companies or divisions Merger with the 1979 Market entry in Latin America: Spread of risks through investment in an area with less Realignment of Group structures: Feuerschaden- Acquisition of today s exposure to risk: Initial public Establishment of today s verband fire loss HDI Seguros S.A. Establishment of offering of Talanx AG as a thoroughbred association in Brazil HDI Leben AG Hannover Re finance holding company 15

18 In October 2012 the shares of Talanx AG have been listed on the stock exchange. The debut on the floor of the stock exchange is a major step in the Group s development. Since January 2016 the Industrial Lines subsidiary has traded as HDI Global SE. The legal form of a European Company highlights the division's international orientation and at the same time strengthens the competitiveness of the Talanx Group's Industrial Lines insurer. The successful history of the Group forms a robust foundation that can be expanded. Today s Talanx is a platform that offers a great deal of scope for upward mobility. In other words, for strategic growth Commencement of bancassurance activities: 2001 Launch of fund business 2004 Takeover of a majority shareholding in 2006 Acquisition of today s with today s Ampega neue leben Lebens - Takeover of TARGO Insurers Investment GmbH versicherung AG Gerling companies 16

19 Progress as a tradition Our goal: to become fit for the future. The multi-facetted activities of past years have demonstrated a track record of continuous progress 2012 Through acquisition Renaming of 2017 Talanx is the second Initial Acquisition Industrial Lines Acquisition largest insurance public offering of companies in subsidiary as of a company group in Poland of Talanx AG Chile and Peru HDI Global SE in Colombia 17 6

20 (January 2018, PDF) Talanx AG Group Communications HDI-Platz Hannover Germany Phone Fax