What It Does: Allianz specialises in providing non-banking financial solutions such as asset management and wealth management to high-net-worth individuals and corporations. Allianz also offers various insurance products to its clientele.
Mission: Allianz's mission statement is the security of every individual's future.
Size and Presence: Allianz UK employs thousands of employees across 15 offices in the UK.
Best Known For: The company is widely recognised as an industry-leading insurance and asset management with a high-profile clientele consisting of some of the most prominent names and organisations.
The Good Bits: Allianz has good career development opportunities for its employees. The company also has a great welfare program which means juicy work incentives for workers. The work is exciting.
The Not-So-Good-Bits: Hard to move up the corporate ladder in certain departments.
Carl Von Theme and Wilhelm Von Finck founded Allianz in Berlin on the 5th of February 1890. In 1893, Allianz opened its first international branch office in London and sold its first products, which were marine and accident policies, to its German clientele looking for coverage abroad. Seven years later, the company became the first insurance company to obtain a license to distribute corporate policies. This opened up opportunities as the company expanded to other markets in the US, Netherlands, Italy, Belgium, France and the Baltic States led by a new sole proprietor Paul Von Naher in 1904.
The success was short-lived as the company suffered an early disaster in 1906 when the San Francisco earthquake caused the company a major loss of 300,000 marks in profit. One year later, the company acquired Fides Insurance, a company that focused on home invasion insurance. In 1911 the company began selling machinery breakdown policies, making it the first company in the world to sell machine breakdown insurance. They also offered automobile insurance in 1918. Eighty-six years later, Allianz boasts a global workforce of 15,000 employees, a customer base of over 86 million customers worldwide and numerous subsidiaries in more than 70 countries.
The organisation (Allianz) believes in equality of opportunity where people can succeed regardless of race, gender, age, disability, religion, gender identity, sexual orientation or socioeconomic background. The organisation holds a program called WOW (Ways of Working) where they offer a flexible time frame, digital tools to aid efficiency, 24/7 mental and health support, an average of 1 hour of learning each day, and a flexible working model. Allianz fosters a working environment with a competitive base salary that's matched with the company's performance-related bonuses. The Code of Conduct in the organisation clearly states zero tolerance for discrimination in any form and a mechanism that is placed to report violations without fear of retribution.
The company offers a lot of opportunities by investing in and nurturing talents. Allianz offers a range of training and development programmes that focuses on their professional and personal lives. There's always an opportunity to learn and develop new skills in Allianz. The company offers internal training, lunch-and-learn sessions, LinkedIn Learning, external courses, etc. Allianz offers internships to enterprising young talents, working student positions to school leavers and undergraduates, as well as career advancement programmes for graduates and post-graduate students.
A new graduate working at Allianz earns an average of £22,471 per year.
Allianz donates at least £30,000 each year to local charities that are close to its largest UK office in Guildford, Surrey.
There’s no widely published controversy in the UK.