talanx group annual report 2011 en
talanx group annual report 2011 en
talanx group annual report 2011 en
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Re-launch with a modern<br />
and effici<strong>en</strong>t structure<br />
The restructuring programme launched<br />
in 2010 is going according to plan and is<br />
already producing results. Since aligning<br />
its structure to cli<strong>en</strong>t <strong>group</strong>s, the Group is<br />
conc<strong>en</strong>trating on making its Retail<br />
Germany Division one of the most<br />
effici<strong>en</strong>t and cli<strong>en</strong>tfocused insurers in<br />
this market segm<strong>en</strong>t.<br />
employees over all contin<strong>en</strong>ts. Its German<br />
business is run by the subsidiary E+S Rück.<br />
Hannover Re has committed to effici<strong>en</strong>cy<br />
and <strong>en</strong>joys a good reputation among<br />
cli<strong>en</strong>ts and investors. It is not only one of<br />
the world’s biggest reinsurers but also<br />
extremely profitable. Life/health reinsurance<br />
is the division’s strategic growth segm<strong>en</strong>t,<br />
in which it occupies a place among<br />
the large, globally operating corporations.<br />
Highly capable and effici<strong>en</strong>t c<strong>en</strong>tral functions<br />
<strong>en</strong>sure that the Group remains on<br />
course. Talanx AG’s duties are of a more<br />
strategic nature; it guides the basic positioning<br />
of the divisions to the ext<strong>en</strong>t necessary<br />
for achieving the overall strategy. Two<br />
c<strong>en</strong>tral service companies are dedicated to<br />
standardising and harmonising processes<br />
and tapping synergies. The Corporate<br />
Oper at ions segm<strong>en</strong>t also includes financial<br />
services, comprising mainly managem<strong>en</strong>t<br />
of Group-wide investm<strong>en</strong>ts and the investm<strong>en</strong>t<br />
fund operator AmpegaGerling, and<br />
also the Group’s own reinsurance broker.<br />
The Group’s successful developm<strong>en</strong>t to date<br />
proves that its history is a good basis on<br />
which to build further: today’s Talanx is a<br />
platform capable of sustaining a wide range<br />
of business-policy options for upward<br />
movem<strong>en</strong>t, in other words, target-focused<br />
growth.<br />
Talanx Group. Annual Report <strong>2011</strong><br />
2012<br />
As the next step, German retail business<br />
is being made fit for competition: business<br />
partners and cli<strong>en</strong>ts are to be giv<strong>en</strong><br />
more focused, transpar<strong>en</strong>t and effici<strong>en</strong>t<br />
customer service.<br />
01/<strong>2011</strong><br />
Talanx works with a Group and divisional<br />
structure that is in line with its<br />
defined strategy and can more easily<br />
achieve the profitability and growth<br />
targets set.<br />
10/2009<br />
Launch of one of the biggest restructuring<br />
efforts in the Group’s history. The<br />
target: to establish the best possible<br />
conditions for succeeding in competition!<br />
17