|Goals / remit of the organisation:
||As an international financial services provider we offer insurance, asset management and banking products and services to more than approximately 76 million in about 70 countries.
We are one of the leading insurance groups in the world and rank number one in the German property-casualty and life insurance markets based on gross premiums written and statutory premiums, respectively.
We are also among the largest insurance companies in a number of the other countries in which we operate. Our product portfolio includes a wide array of property-casualty and life/health insurance products for both private and corporate customers.
We conduct business in almost every European country, with Germany, Italy and France being our most important markets. We also run operations in the United States, Central and Eastern Europe and the Asia-Pacific region.
We are one of the five largest asset managers in the world. Our business activities in this segment consist of asset management products and services both for third-party investors and for the Allianz Group's insurance operations. We serve a comprehensive range of retail and institutional asset management clients. Our institutional customers include corporate and public pension funds, insurance and other financial services companies, governments and charities, and financial advisors.
Our retail asset management business is primarily conducted under the brand name Allianz Global Investors ("AGI") through our operating companies worldwide. In our institutional asset management business, we operate under the brand names of our investment management entities, with AGI serving as an endorsement brand.
The United States, Germany, France, Italy and the Asia-Pacific region represent our primary asset management markets. Under the roof of the Allianz Asset Management Division the two principal asset managers of the group, Allianz Global Investors and PIMCO, had a total of 1,566 billion euros of assets under management as of December 31, 2011.
In the banking business we focus on our core market Germany under the brand name Allianz Bank. In collaboration with Oldenburgische Landesbank the main thrust of our activities lies in addressing the financial needs of our agencies' customers. Outside Germany we are represented by our Assurbanking unit in selected regions.