Allianz Life is a principal subsidiary of the financial service group, Allianz SE. The company is working as a life insurance service provider in the United States.
In New York, they have Allianz Life Insurance Company of New York for selling out their products. Walter White is serving as the CEO of the company with over 155,000 employees.
Allianz Life Insurance Company came in 1896
In 1896, Henry Little decided to form a company under the name North American Casualty in Minneapolis, Minnesota. This company went for a merge with North American Life Association to become North American Life and Casualty (NALAC) in 1912.
Carrying out its operation and expansion in the whole country it was acquired by Allianz AG of Munich, Germany in 1979. The parent group provides life, health, property-casualty and asset management like services on the broader aspect in over 70 countries.
Thus joining with the world's largest integrated financial service organization the company got renamed as Allianz Life Insurance Company of North America in
Now they are serving in almost every state of the United States achieving the fifth place on the chart of top public companies in 2010. Recently, they planned for sponsoring MLS's Minnesota United FC stadium in Saint Paul, Minnesota in 2017.
Products of Allianz Life in the American market
Allianz Life gets you products from life insurance to retirement planning including fixed and variable annuities.
Under their life insurance policies, they have fixed index universal life and term life insurance plans providing death benefits and protection for a specific time. Under annuities, they offer fixed index, variable and index variable annuities.
Their annuity plans provide lifetime income, protection from a market downturn and death benefits. Under annuity plans, one even gets the benefit of transferring wealth to their beneficiaries.
Why Allianz Life?
Allianz Life offers products under parent organization Allianz SE ensuring their strength to fulfill customer's needs. With disciplined investment skills and planning in both bull and bear market, they have come across high financial ratings from AM Best, Moody's and Standard & Poor's.
hey have good experience in real-time risk management thus offering long-term results with strong operating margins. They work with independent agents as they feel like more interested to fulfill customer's needs than dedicated agents.
Allianz Life has maintained a high level of liquidity having cash reserves to back their guarantees. They also focus on social and environmental governance factors to ensure transparency in their business activities.
What are their ratings in the market?
Allianz Life's parent organization is considered to be the fifth-largest asset manager in the world serving over 85 million customers. Among the largest companies in the world, they are placed on the 34th spot.
Allianz Life also got A+, A1 and AA ratings from AM Best, Moody's and Standard & Poor on August 2018. Based on revenue, they achieved a place in Fortune Global 500 list in July 2017 and also got ranked by AUM in Towers Watson World 500 in October 2017.