Strategic Analysis of Allianz Group, 2023 Case Study
Key Learning Outcomes
By the end of the case, students should be able to:
- Use strategic tools including PESTLE, SWOT, Porter Five Forces, and VRIO to analyze Allianz’s strategic position in the market and strategize on how to strengthen it
- Understand the broad macro-environment and how it affects the growth and performance of Allianz Group
- Understand how a company can use its resources and capabilities to strengthen its position in the market
1.0 INTRODUCTION
Company’s Over View
Allianz Group is one of the leading integrated financial services providers worldwide with a market capitalization of $97.63 Billion as of September 2023. (Allianz Company website) Allianz Group is a subsidiary of Allianz SE which was founded in 1980 and it has its headquarters in Munich, Germany. The company offers property insurance, casualty insurance, life health insurance, and asset management of goods and services in over 70 countries where it has its largest operation in Europe. (Allianz Group’s Annual Report 2022)
In 2022, the company had over 159, 253 employees and it achieved an annual revenue of € 152.7 billion and an operating profit of 14.24 billion for the Group. The company has a significant portion of its market in Germany. For many years the company has had most of its market in its home country with increased levels of customer and employee satisfaction, high-quality products and services, a strong brand, and a uniform market presence. (Allianz Company Website)
Allianz Group serves 122 private and corporate customers all over the world and it is considered one of the world’s largest insurers, investors, and assistance providers.
The Mission of Allianz Group
Allianz Group is a global leader in insurance, investment, and retirement solutions that help customers protect and grow their financial assets. The company's mission is to be a trusted partner of choice for its customers, by leveraging its global presence, industry expertise, and innovative thinking. Allianz values transparency, sustainability, and corporate responsibility in all its activities and strives to create value for its stakeholders. The group also focuses on delivering excellent customer service, promoting a diverse and inclusive workplace, and supporting the communities in which it operates.