Orientation of the Group over the next two financial years

In the 2011 and 2012 financial years the orientation of the Group will continue to be shaped by the Group restructuring set in motion in 2009 and by the consolidation of the new Group structure put in place at the beginning of 2011. Through its concentration of central functions the Group will be able to leverage the first synergistic effects by the end of 2012. This is to be achieved primarily by way of natural fluctuation.

Orientation towards the market

  • Holistic view of the customer
  • Strengthening of retail business in Germany and abroad

Efficiency enhancement within the organization

  • Reduction of complexity in the Group structure
  • Leverage of synergistic potentials

Strategic orientation of our Group segments at a glance:

Group segment

Our mission and strategic tasks

Retail Germany

  • Profitable enlargement of market share
  • Elimination of cost disadvantages
  • Establishment of clear, simple organizational structures
  • Putting in place of a closer focus on the customer

Retail International

  • Growth in strategic target markets
  • Optimization of activities in existing markets

Industrial Lines

  • Growth in foreign markets
  • Development into a Global Player

Non-Life Reinsurance

  • Not one of the largest, but rather one of the most profitable non-life reinsurers in the world
  • Special focus on the correct assessment of risks
  • Technically oriented setting of prices and conditions as well as an adequate level of reserving

Life/Health Reinsurance

  • In 5 years one of the 3 major, globally operating life/health reinsurers of above-average profitability
  • Annual double-digit growth in volume and profitability indicators
  • Special focus on the regional and biometric balance of the portfolio

A key focus of further measures relating to the Group restructuring in 2011 will be on the Retail Germany division. Intensive preparations are underway here to make this division fit for the future. The goal is to align the business processes and organization with the needs of customers and sales partners. Combined with the elaboration of product, sales and service strategies that span the various lines of business, the aim is to become one of the most efficient and customer-oriented insurers serving this segment of clientele.