The mission of the Allianz Group

The mission of the Allianz Group Companys overview Allianz Group is one of the worlds leaders providing insurance and financial services. Allianz SE, the holding company is at the top of the international group with its head office in Munich. Allianz was founded in Berlin, Germany in 1980 (Allianz, 2010). With approximately 152,000 employees worldwide, the Allianz Group serves approximately 75 million customers in about 70 countries. On the insurance side, Allianz is the market leader in the Germany market and has a strong international presence (Allianz, 2010). Allianz has more than 100 years of eventful history. Though Germanys defeat in World War I restricted Allianzs international business, but Allianz slowly ventured outside Germany to other European markets (Allianz, 2010). In the era of National Socialism in post 1933 Nazi Germany, Allianz conformed to the norms of the era. After suffering some business problems during World War II, Allianz started to rebuild post 1945. Starting from the 1950s throughout 60s, 70s and 80s Allianz started to get international by spreading its activities to many countries in Europe and Americas. Allianz began to venture the Asian markets from the 1990s (Allianz, 2010). Allianz Group also expanded its asset management business. Today, Allianz Group is one of the worlds leading financial service providers (Allianz, 2010). The mission of Allianz The mission of Allianz is to achieve sustainable growth of our competitive strength and values. In order to achieve this mission, they implemented a series of measures which characterize as 3+one program. They have an overall 3+1 program: Protecting and enhancing the capital base. Substantially strengthening the operating profitability. Reducing complexity. +One: Increase sustainable competitiveness and value. The organization structure of Allianz Board of Management Supervisory Board International Executive Committee International Advisory Board and Joint Advisory Council Employees The organization culture of Allianz Allianz Group culture combines German characteristic and international flair. In Munich, a lot of language will be using by the people when they talking to each other such as French, German, English, Italian, Chinese and etc. However Allianz values local cultures and markets situation does not dictate a one size all fit solution for the individual location. That why Allianz has defined a strategy framework to guiding standards. So that Allianz Group in the worldwide can adopt the cultural and business requirement to specific regions (Allianz, 2010) The macro environment analysis PEST analysis is concerned with the environmental influences on a business. PEST is stand for Political, Economic, Social, and Technological factors of the external macro environment. Political factors include government policies relating to the industry, tax policies, laws and regulations, trade restrictions and tariffs etc. The economic factors relate to changes in the wider economy such as economic growth, interest rates, exchange rates and inflation rate etc. social factors often look at the cultural aspects and include health consciousness, population growth rate, age distribution, changes in tastes and buying patterns etc. The technological factors relate to the application of new inventions and ideas such as RD activity, automation, technology incentives and the rate of technological change. It is an important tool to understanding risks associated with market growth or decline, and as such the position, potential and direction for a business or organization (Thompson, 2002). Following are the different factors affecting the Allianz insurance in UK. Political Some of these factors had a good impact to the travel, car and home insurance in the UK. The government travelers awareness campaign has brought awareness to the public about the dangers of traveling uninsured highlighting the expensive costs of medical treatments abroad. The travel industry has supported and benefited from this as it increased their sales prospects. The minimum car insurance implemented by the government is third party cover. This has a very good impact on the car insurance industry as this guarantees a sale on every car in the UK and because 76% of adult in the UK have a full driving license, all of them are potential customers (Birtles, 2002). Legal General data revealed that most critical illness cover claims are made by people under 40. (Speedy, 2004) This has been good news for age dedicated home and health care insurance companies as less cover claims means less liabilities. However, according to the Bank of England, the rising tax is slowing down the consumer spending. This has badly affected the whole of the insurance industry as people had less money to spend on higher premiums or packages. Economic In todays world people are more work-orientated, so earning more again translating to larger disposable incomes allowing people to live comfortably take advantage of more expensive schemes in insurance such as taking fully-comprehensive cover rather than third-party (Speedy, 2004). Another economical fact is that we are currently at the boom stage of economic cycle and so people are better off. This means that as stated above people are able to live more comfortably and on a general level are better able to afford things like food, shelter, clothing and health care. This translates to fewer illnesses which mean that insurance companies have less payout to make as less people fail ill (Speedy, 2004). Another important factor to notice about the general public in a boom phase of the economic cycle is that people are more likely to pay for products in the service industry. So things that they may have refrained from due to a lack of money like health insurance will be more welcome during a period of boom so increasing revenue for insurers (Birtles, 2002). Social In todays society there has been an increase in young drivers. They choose to insure on parents cars along with saving the money to buy their own cars. Young drivers aged between 17 and 25 also have a higher chance of being in an accident so they are more costly for an insurer to cover so insurers charge more. For this reason the increase in young drivers translates into larges revenues for insurance companies due to the larger premiums. (Birtles, 2002) Another change in todays society is the increase in the racing culture with large emphasis placed on driving faster and better looking cars. Modified cars are a cheaper alternative to buying a sports car also increasing insurance costs (Speedy, 2004) . In comparison with 30 years ago the average person earns much more today translating to larger disposable incomes. This has leading to more people being able to afford second cars and so being insured on them giving more business to insurance companies (Speedy, 2004). Technology The success of internet and an integrated information and communications technology system has allowed any business to increase sales and reduce transaction costs. The internet has completely changed the delivery service process. Today, internet is used to even sell insurance policies. Internet proving to be one of the widely used distribution networks for selling insurance policies. Also internet is used for sending premium notices to policy holders through e-mails (Shinde, et al., 2008) Besides that, internet has a premium calculator which accurately displays the amount of premium month wise and the remaining balance. One just has to enter the age, name of the insurance policy, the sum assured and whether there is an accident cover or not. By keying in this information, the entire premium amounts are shown within no time. This has helped the customer in a way so that they dont have to travel all the way to the branch to ascertain the amount of premium to be paid (Shinde, et al., 2008) The international consideration Allianz operate almost in every continent. The regions are Eastern Europe, Central Eastern Europe, Asia Pacific, Americas and Middle East Africa. Allianz is deeply rooted in their domestic market which is Western, Northern Southern Europe. Western Europe is the home of Allianz. (Allianz, 2010) When Allianz wants doing an international business, Allianz will consider the human resource, financial and legal requirement into particular country. Allianz start a new venture in China, financial will incurred in that China will lower than having a new venture in Europe. Furthermore Allianz can get a large human resource in China. This is because the population in China is very large. Allianz also can save cost. The wage pay to the labor is lower and produced the production in a lower cost (Allianz, 2010). When a company intend to going international, they will consider the macroeconomic that will affect in their business. Before enter to a new country or new venture. They will do a research about the external environment of that country or region first and then only decide whether to start the new venture into that country or not. While Allianz also does the something. The macro environment that consider to the company are political or legal condition, economic condition, social issue environment and technology. Those are significant to evaluate a country before doing an international business (Allianz, 2010). There are several methods of going international when a company intends to go international. The company can go international based on export based, non-equity based and equity based. For Allianz which a company just provide services, it use equity based method to going international which include joint ventures and foreign direct investment (FDI). The first company or office that Allianz venture in is in London with open a subsidiary company (Allianz, 2010). Allianz officially ventured into Malaysia in 2001when it became the controlling shareholder of Allianz General Insurance Malaysia Berhad (AGIM). In 2007, the general insurance business of AGIM was transferred to its wholly owned subsidiary, AGIC. Following the completion of the transfer of general insurance business, AGIM changed its name to AMB and became an investment holding company (Allianz, 2010). There are several issues that faced Allianz in Malaysia. One of the issues that face in Allianz currently is the managing climate change risk. Managing climate change risk is one of the biggest challenges the financial services industry is facing today with several impact on the insurance industry. In the past 30 years, claims payments to the victims of great natural catastrophes have increased 15 fold to approx. 30 billion Euros (approximately RM120 billion). Allianz settles 40% of industrial insurance claims are due to natural catastrophes (Allianz, 2010) To manage climate change risks, Loeffler (2010) recognize climate change as a matter of great strategic consequence for Allianz. Allianz need to assess together with their clients on how to mitigate the risks. At the same time the challenges for Allianz is to adapt to the impact of climate change and to safeguard insurability of risk in future. In 2007, Allianz established Allianz Climate Solutions as a subsidiary with the explicit aim to develop new products and identify investment trends related to climate change. The insurance business needs to act as an early warning system and help business and society understand the new risks. There are several ways to prepare for the effects of climate change. Providing risk coverage for emerging technologies for example plays an important role in their future development. Securing the insurability of risks is essential for economies to be able to operate (Loeffler, 2010) The growth of business New venture Conclusion

Description of a Religious Festival Essay

Write an essay describing a religious festival you celebrated, mentioning what you saw and did in the festival Religion is a â€Å"collective conscience†, a shared outlook created by ceremonies. Most common religion in India is Hinduism. Hindus celebrate thousands of events every year and each in a similar manner, including chanting prayers to the gods and making sweets. Ram Navmi is also one of the event celebrated Hindus. This occasion has great momentousness therefore it’s a nationwide holiday. It is celebrated two days after the seven navratras. Navratras are the days of ‘pooja’ in which Goddess Durga is worshipped by the people for bringing peace and prosperity in their life. People especially ladies keep fast for the first eight days and open on the ninth day. Goddess Durga have nine different incarnations, worshipped one each day. Havans are done, which is also believed by the people that it’s smoke purify the homes. On the ninth day a bigger ‘havan’ is done and then ladies in the family prepare meals for seven young girls and one boy. These girls are treated with respect as they are considered the different forms of Goddess Durga. They are also given offerings in the form of cash. We also celebrate Ram Navmi and so my mother kept a fast for two days. We could not do havan on the first eight days due to lack of space but on the ninth day we had a ‘pandal’ built, made up of tent cloth which was all red in colour which was to give the event its effect supported by thin logs. A pandit was called to conduct the rights and rituals and my mother prepared food for the girls. The eighth day was hectic for me bit I enjoyed it . my sister and I prepared the invitations cards for the children. They had a silver colored fringe with text in golden and a picture of Lord Ganesha with red background. I went to each one’s house to invite them. I also went to buy eight gifts and keeping in mind their ages I found all the appropriate gifts. Then came the ninth day, I was woke up from my sleep by the ‘shank’ sound. I took my bath and got ready for the function. The ‘havan’ started and gradually the girls also came and there was deluge of tasks poured upon me. I had to bring the bucket full of water to wash the ‘kanyas’ feet. Then I went to help the pandit with ‘ghee’,’yoghurt’, etc.

Pharmacy Career Research - 1568 Words

A pharmacist is a healthcare professional who is an expert on pharmaceutical drugs and how they act to fight disease and improve the health of the patient. Pharmacists are responsible for the implementation of drug therapy with the intention of improving the quality of a patient’s life. Some examples of such improvements include curing diseases, reducing or eliminating a patient’s symptoms, slowing the process of a disease, and preventing disease. A pharmacist works with patients and other healthcare professionals in order to design, implement, and monitor a drug therapy plan specifically designed for that patient. Not only do pharmacists advise doctors and patients on prescription drugs, but they also provide information on the best†¦show more content†¦work in research for drug companies or teach at universities. Pharmacists who own and run their own pharmacy may also obtain their MBA. Pharmacy colleges require two years of general pre-pharmacy education. The se classes include mathematics and natural sciences such as chemistry, biology, and physics. Another requirement is courses in humanities and social sciences. In 2000, the American Council on Pharmaceutical Education named 82 accredited colleges of pharmacy. Current schools in North Carolina that offer pharmaceutical degrees are University of North Carolina, Chapel Hill, Wingate University, and Campbell University. Some of these colleges require that students take the Pharmacy College Admissions Test. All of these colleges offer courses in pharmacy practice in order to teach the dispensing of drugs, communication skills, and dealing with other health professionals. Such courses strengthen students understanding of professional ethics and practice managerial responsibilities. All pharmacists must know the drug laws, assessment skills, problem-solving approaches, and have managerial and communication abilities. 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Child Marriage Is A Global Issue - 1609 Words

Child Brides are young girls married before the age of 18 years old. As of today, 1 in 3 girls are being married off in many developing countries.(girlsnotbrides.org) That is, 15 million girls under the age of 18, that are being deprived of an education, robbed of their innocence and childhood, are having their life jeopardized by health issues related to child marriage. Child marriage is a global issue, negatively affecting and violating the human rights of many young girls being married before the age of 18 years old around the world. The practice of marrying minors can be found globally, however it is found to be most concentrated in the poor rural and provincial areas of Africa, the Middle East, and Latin America. According to GirlNotBrides.org, â€Å"India has the highest (absolute) number of child brides in the world. It is estimated that 47% of girls in India are married before their 18th birthday†. They also stated, â€Å"Niger has the highest rate of child marriage in the world. 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Everyone has the right to choose whether or not to marry and to enter freely and with full and free consent into marriage, partnership or other similar relationships.† (WAS, 2014) Everyone should be allowed the same rights as everyone else evenRead MoreThe Role Of Globalisation On Emergence, Development And Outcomes Of Social Movements1515 Words   |  7 Pagesare one of the major issues in society. With the rise of globalisation and emergence of international and domestic social movements the problem has been reduced however it is still alive. This essay aims to investigate the influence of globalisation on emergence, development and outcomes of social movements that seek to protect human rights. (60 words) Case One of the most serious human rights violations are forced child marriages. Child marriage is defined as a formal marriage or informal union before