talanx group annual report 2011 en

Index of key terms
Acquisitions
Central and Eastern Europe 5, 20, 24, 27, 54, 117, 181
Latin America 5, 20, 23, 26, 54, 117, 178
Affiliated companies 217, 291
Agents, independent 48, 85, 111
AmpegaGerling 3, 15, 17, 61–62, 84, 102, 118–119, 131, 159, 280
Annual Premium Equivalent (APE) 49, 54, 58, 212
Asset management 3, 72, 85, 131, 159
Asset/liability management (ALM) 72
Bancassurance 3, 5, 21, 23–24, 27, 54, 60–61, 121, 158–159, 172, 181, 211
Brokers 16, 43, 54, 85, 111, 121, 178
Cash flow hedges 127–128, 145, 151, 231, 233–234, 238
Combined Ratio 41, 44, 46, 48, 50, 52, 54, 56, 58–60
Cooperations 3, 30, 33, 44, 48, 55, 116, 131, 181
Corporate Operations 30, 61–62, 76, 118, 131, 159
Credit Life 117, 134, 177, 288, 290
Derivatives 144–146, 186, 223, 226–228, 231–236, 255–256, 262–263, 282
Disposal groups 63–64, 72, 182–184
Diversification 5, 28, 33, 36, 59, 65–66, 68, 73–74, 108, 112
Diversity 82
E+S Rück 3, 8, 17, 31, 172, 185, 270, 289
EBIT (Group) 28, 43–44, 81, 126, 165
Financial/economic crisis 40–43, 103–105, 112, 114
Group structure (chart) 31
Hannover Re Group 3, 15, 24, 26, 59–60, 75, 158–159
Germany > E+S Rück
HDI V. a. G. 30, 79, 131, 274
IFRS 32, 74, 79, 92, 132
Impairment test 141, 168, 210
Industrial Lines 3, 5, 15–16, 19–20, 24, 43–47, 68, 115–116, 158
Insurance-Linked Securities (ILS) 173, 176
Investment income (Group) 5, 23, 28, 68, 81, 104, 259–262
Investments 63–65, 118, 166
Life insurance 3, 27, 30, 40–41, 46, 48–49, 52, 81, 106–107, 113, 117
Life/health reinsurance 60, 289
List of shareholdings 288–291
Loss ratio 44, 188
Loss reserve 70–71, 77, 106–107, 136–137, 152, 191, 243, 264–265
Major claims 4, 40, 48, 59–60, 153, 188, 287
Market Consistent Embedded Value (MCEV) 37, 104, 107, 191, 212
Multi-brand strategy 16, 32
Published on 22 March 2012
This is a translation of the original German text;
the German version shall be authoritative in case of
any discrepancies in the translation.
Natural catastrophes 4, 40, 45, 48, 59, 72, 81, 116, 175, 287
Net income (Group) 5, 25, 28, 43, 44, 75, 81, 126, 238
neue leben group 3, 117, 131
New business 41, 43, 45, 49, 52, 56, 61–62, 81, 106–107, 110–111
Non-life reinsurance 44, 59–60, 68–69, 116–117, 149, 158–159, 180
Operating profit > EBIT (Group)
PB Versicherungen 3, 15, 27, 117
Provision for pensions 249
Provisions for premium refunds 70–71, 248
Rating
of Group companies 5, 79–81
of investments 64, 67, 108–109
Reinsurance 15, 17, 24, 30, 32, 36, 43, 69, 76, 104, 112, 131, 158
Restructuring of the Group 17, 43, 55, 111, 117
Retail Germany 17, 21, 44, 48, 53, 62, 68, 117, 145, 158, 166, 179
Retail International 16, 23, 45, 54, 57, 62, 68, 117, 158–159, 166, 178
Retention 44, 49, 59, 116, 187, 190
Retirement provision, individual 3, 95–96, 99, 113, 120, 158
Retirement provision, occupational 3, 26, 48, 95, 117, 120, 158, 177
Return on equity 32, 36, 43–44, 74–75, 81, 90–91
Risk capital 33, 35, 73–74, 101, 104
Sales channels 3, 25, 33, 54, 85, 106, 117, 121, 140
Securitisation 174–175
Shareholders’ equity
5, 63, 69–70, 74–76, 78–79, 128, 151, 168, 214, 238–240
Solvency II 42, 64, 74, 101, 110–111, 114–115, 118, 120
Talanx International 3, 16, 24, 26, 54–55
Central and Eastern Europe 5, 16, 20, 30, 33, 40–41, 43, 55, 114, 117
Italy (HDI Assicurazioni) 55, 57–58
Latin America 23, 25–26, 55–56, 58, 64, 72, 117
Talanx Reinsurance Broker 3, 17, 30, 61–62, 118, 289
Talanx Service AG 3, 30, 61–62, 82–83, 118
Talanx Systeme AG 3, 30, 61–62, 118
TARGO Versicherungen 3, 51, 131
Taxes on income 127, 130, 138, 164, 270–271
Technical provisions 46, 50, 52, 56, 63, 69–70, 72, 77, 105, 136, 140
Training 83–84, 95
Underwriting 16, 32, 83, 105–106, 115–116, 188
Underwriting result 43–44, 49, 54, 81
Unit-linked products 46, 48–52, 55–56, 64, 108, 192
Value-based management 36–37, 100
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