The corporate background
The Talanx Group is a leading German and European insurance group with a global footprint. The Group provides property/casualty and life insurance through both its primary insurance and reinsurance business activities.
Our heritage spans more than a century and during this period we have transformed ourselves from a pure industrial liability insurer into a global insurance group – with a focus on industrial, retail and reinsurance business. We are particularly committed to successful cooperation with institutional partners.
In the Talanx Group, an integral component of our business model is to optimize the interplay between primary insurance and reinsurance with the objective of continually improving the opportunity/risk profile and increasing capital efficiency. The composition of the Group portfolio also ensures that Talanx has adequate risk taking capacities throughout all market phases to support customers reliably over the long term and to develop promising markets. Thereby, we safeguard our independence and enhance the success of the Group in the interest of our investors, customers, staff and other stakeholders, in a sustainable way.
Talanx AG is a finance and management holding company placed at the top of the Group structure. It ensures that the primary goal is achieved: sustainable profitable growth. Accordingly, this is the basis for all divisional strategies that are formulated based on the Group strategy. Talanx AG controls activities through capital procurement and allocation, defining targets, performance measurement and suitable incentive schemes. It is also responsible for optimizing the Group and capital structure.
– We act group-wide based on the principle: central strategic control and local divisional responsibility –
In order to implement the measures derived from its strategic goals and its operating activity Talanx AG operates with its own central departments for Group functions. These departments are aiming at continuously developing the Group through consistent control and monitoring.
The organizational principle of the Talanx Group centralizes the Group control functions and Group service functions while allocating the earnings responsibility locally with the individual divisions. The success of the Group is founded above all on this organizational structure, which gives the individual divisions a high degree of entrepreneurial freedom. This ensures that the individual divisions make optimal use of their opportunities for growth and income.
While the Talanx brand is primarily directed towards the capital market, the sophisticated international product expertise, a forwardlooking underwriting policy and the sales force presence in our operating companies are manifested in a multi-brand strategy. This allows us to fully meet the requirements of different customer groups, regions and cooperation partners. It also facilitates the integration of new companies and/or divisions into the Group. Moreover, this structure creates a highly developed capability for cooperation, which can be specifically directed towards a wide range of different institutional partners and business models.
Lean, efficient and consistent business processes together with a state-of-the-art and uniform IT infrastructure are key success factors in supporting the Group strategy.
– We consciously pursue cost-efficient and customer tailored business processes as part of our Group strategy –
> Strategic goals of Talanx
