Allianz APAC shows solid H1 performance

Its L/H and P&C segments saw annual increments.

Allianz Asia Pacific’s (APAC) total operating profit saw a surge of 18% to $402m.

Likewise, its life and health segment’s operating profit saw a rise of 22% to $325m. Also, the operating earnings for property and casualty inched up 5% to $77m.

Anusha Thavarajah, Regional Chief Executive Officer of Allianz Asia Pacific, stated that their regional strategy has propelled Allianz in Asia from good to great. They have achieved commendable performance, established a strong foundation, and are on track to meet their targets.

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“Strengthening and enhancing our distribution channel remains the cornerstone of our growth strategy. The signing of a 13-year bancassurance agreement between AGIC and HSBC and the joint integrated approach with Allianz Commercial in streamlining solutions for mid-sized companies, large corporations, and specialty businesses, will further enhance the value we offer to our clients in the region.” Thavarajah said.

(EUR1.00 = $1.09)