Allianz Worldwide Care Reports Strong 2012 Performance

  Allianz Worldwide Care Reports Strong 2012 Performance

Business Wire

DUBLIN -- February 28, 2013

Allianz Worldwide Care has reported exceptional levels of growth during 2012
with a 27% increase in gross written premium (GWP) and a 31% increase in the
number of insured lives. In line with this increase in the number of clients,
staff numbers have also grown by 28% in the last 12 months, with the company
now employing over 700 people. The company, which is headquartered at Park
West Business Campus, Dublin, is a wholly owned subsidiary of Allianz SE.

Ron Buchan, Chief Executive said “Our 2012 financial results have been our
best to-date. We set ourselves ambitious targets each year in terms of client
service and financial performance and while our challenges are similar to many
companies operating in Ireland, because our market is global, we also have to
contend with fluctuating exchange rates, volatile political situations and
changes in regional regulatory requirements, making these exceptional results
even more welcome. Our financial performance in 2012, as in previous years,
continues to be driven by a focus on client service, cost containment and
investment in people.”

Mr Buchan confirmed that the increase in gross written premiums came from the
successful acquisition of new corporate clients as well as significant
additional business from existing clients. Allianz Worldwide Care is the
provider of choice for many of the leading Fortune Global 500 corporations.

The company’s consistently strong financial performance has been reflected in
Standard & Poor’s recent upgrade of Allianz Worldwide Care from ‘A Stable’ to
‘A+ Stable’, an important marker for financial stability and longevity for
both brokers and clients when assessing an insurer.

2012 was also a significant one for the company in terms of expanding its
global footprint; with a new office opened in Brussels in partnership with
Allianz Worldwide Care Services and in China in partnership with Allianz China
General Insurance Company. Allianz Worldwide Care is poised for further
expansion as it leverages a range of opportunities in other regional markets,
the details of which will be announced over the coming months.


About Allianz Worldwide Care

Allianz Worldwide Care specialises in providing international health insurance
for employees, individuals and their dependants, wherever they are in the
world. As an A+ rated (Standard & Poor’s), wholly owned subsidiary of AA rated
Allianz SE, the company is able to draw on the resources and expertise of one
of the world’s leading insurers and financial services providers.

From a range of in-patient, out-patient and dental benefits, clients can
create a comprehensive international healthcare plan that suits their needs,
including both long term and short term assignments.

Allianz Worldwide Care was the first international health insurance provider
to offer a 48-hour turnaround on submitted medical claims, under its “Clear to
Zero” claims handling initiative. With a client base that includes many of the
Fortune Global 500 companies, Allianz Worldwide Care continues to build a
reputation for service excellence in international healthcare.


Matt Herbert
Tel: +44 (0) 207 932 1857
Mob: +44 (0) 781 436 5546
Colleen Brayshaw
Tel: +44 (0) 207 932 1872
Mob: +44 (0) 794 679 4223
Press spacebar to pause and continue. Press esc to stop.