October 23, 2016 11:56 PM ET


Company Overview of Allianz Life Insurance Co., Ltd.

Company Overview

Allianz Life Insurance Co., Ltd. operates as a financial services company in South Korea. The company offers life, variable life, annuity, health, stock index linked, and group accident insurance products, as well as pension products. It also provides loan products, including insurance loans, real estate loans, and loan guarantees. The company was founded in 1954 and is based in Seoul, South Korea. Allianz Life Insurance Co., Ltd. operates as a subsidiary of Allianz SE.

As Building 147

Allianz Tower



Seoul,  150-978

South Korea

Founded in 1954


82 2 3787 7000


82 2 3787 8787

Key Executives for Allianz Life Insurance Co., Ltd.

Chief Executive Officer and President
Director of External Communications
Compensation as of Fiscal Year 2016.

Allianz Life Insurance Co., Ltd. Key Developments

Allianz Life Insurance to Lay Off 200 Employees

Allianz Life Insurance Co. Ltd. will lay off 200 employees though a voluntary retirement program. The company will pay severance equivalent to a maximum of 42 months' salary to the affected employees.

Allianz To Sell Allianz Life Insurance

Allianz SE (DB:ALV) is looking for a possible buyer of its South Korean life insurance business, Allianz Life Insurance Co., Ltd., Reuters reported, citing sources with direct knowledge of the matter. Possible buyers of the unit include Anbang Life Insurance Co.,Ltd. and Fosun International Limited, Prudential Financial, Inc. (NYSE:PRU) and domestic financial institutions in South Korea. The companies are currently considering making bids for the unit.

Allianz Life Insurance Co. Ltd. Appoints Joos Louwerier as CEO and President

Allianz Life Insurance Co. Ltd., on February 1, appointed Joos Louwerier as CEO and president. Most recently, Louwerier was COO of Allianz Life Insurance.

Recent Private Companies Transactions

No transactions available in the past 12 months.

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