talanx group annual report 2011 en
talanx group annual report 2011 en
talanx group annual report 2011 en
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under its own power and through acquisitions.<br />
Here we see major opportunities for<br />
exporting our expertise, for instance in<br />
bancassurance, to international markets.<br />
Making use of local know-how and the<br />
pres<strong>en</strong>ce of an ext<strong>en</strong>sive sales network<br />
help in id<strong>en</strong>tifying cli<strong>en</strong>ts’ specific needs<br />
and offering tailor-made solutions.<br />
The strategic alliance we <strong>en</strong>tered into with<br />
the Japanese insurance <strong>group</strong> Meiji Yasuda<br />
in 2010 <strong>en</strong>ables us to take advantage of<br />
suitable opportunities together. More on<br />
this topic in the next section.<br />
In Germany, too, we are determined not<br />
to stagnate in retail insurance. Ev<strong>en</strong> this<br />
highly competitive market harbours opportunities<br />
in profitable specialties and innovative<br />
niches. The aging population can<br />
be a boon for us, if we can offer bespoke<br />
products for the upper age <strong>group</strong>.<br />
chAnneling effici<strong>en</strong>cy<br />
in the right direction<br />
Since the beginning of the year under review,<br />
the primary insurance sector has be<strong>en</strong><br />
operating with shared c<strong>en</strong>tral functions,<br />
which not only boosts effici<strong>en</strong>cy but saves<br />
more than a little money.<br />
So the first leg of our journey, re-focusing<br />
on our cli<strong>en</strong>ts and restructuring our Group,<br />
is already behind us; having implem<strong>en</strong>ted<br />
these measures has already <strong>en</strong>hanced our<br />
cost awar<strong>en</strong>ess. And having set up Retail<br />
Germany as a separate division we are also<br />
on schedule for improving cost effici<strong>en</strong>cy<br />
still further. The harmonisation of our IT<br />
landscape in Germany by the new company<br />
Talanx Systeme AG, founded in the year<br />
under review, is running smoothly.<br />
The developm<strong>en</strong>t of the Talanx Group to<br />
date shows: the actions tak<strong>en</strong> by Talanx<br />
to be ev<strong>en</strong> more broadly lined up for the<br />
future and to further improve our ability to<br />
meet the demands of the capital market are<br />
taking effect.<br />
Talanx Group. Annual Report <strong>2011</strong><br />
Business processes<br />
follow cli<strong>en</strong>t needs<br />
We have put our cli<strong>en</strong>ts behind the<br />
steeringwheel and aligned our new<br />
organisational structure to their<br />
needs.<br />
This <strong>en</strong>ables us to cater ideally to<br />
differ<strong>en</strong>t cli<strong>en</strong>t <strong>group</strong>s, regions and<br />
cooperation partners. And also makes<br />
it easier to integrate new companies<br />
and/or divisions into the Group. What<br />
is more, lean, effici<strong>en</strong>t and uniform<br />
business processes are a major success<br />
factor in support of our Group<br />
strategy.<br />
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