Allianz Turkey New office building New Health product Bajaj Allianz General Health Insurance in India Danica Pension Danica Pension Check Allianz Life Insurance EB in Korea Special Feature Corporate Assistance Conference International Broker Event 1st Global EB Conference Conference Calendar Allianz Global Benefits Country Capabilities Regional Contacts

Information for multinational corporations and global brokers October/November 2015

Allianz Global Benefits GmbH www.allianzglobalbenefits.com

Newsletter04

Allianz Tower in Turkey: Zenith of New Generation InsuranceAllianz Turkey, leader of the Turkish insurance industry, has consolidated its headquarters at the newly built Allianz Tower in Istanbul. All three companies of Allianz Turkey (Allianz Sigorta, Allianz Hayat ve Emeklilik and Allianz Yasam ve Emeklilik) have started operating under one roof as of 28th of September. Following the successful integration of the Yapı Kredi Insurance Group, Allianz Turkey had been operating from two separate headquarters for the last two years, one headquarter on the Asian side and the other on the European side of the Bosphorus.

Allianz Tower is Turkey‘s first LEED Platinum certified tower and a pioneer in terms of energy-efficiency, envi-ronmental awareness and digital technology. It is a new landmark of the Anatolian side of Istanbul. Traditions were delicately embodied within the architectural design of Allianz Tower, while utilizing modern methods of construction. It harmoniously combines an office tower bearing oriental architectural attributes, a wide range of green spaces and statues.

Allianz Tower, which has become home to 1,700 of 2,500 employees at Allianz Turkey, serving 5 million customers through 4000 distributors and 12 regional directorates in 81 cities. It introduces employees and customers to the world of new generation insurance through its strategic location, cutting-edge technology in its infrastructure, social facilities and class A office solutions.

On the ground floor of the Tower a new model called the „Digital Agency“ is set-up. With this new digital concept, Allianz wants to offer state-of-the-art services to its customers and aims to introduce systemic innovations and completely redesign customer experience in agency offices.

Allianz Turkey CEO, Solmaz Altın, expressed his perspec-tive on the Allianz Tower as, „The Allianz Tower demons-trates the faith and trust of Allianz Group to Turkey, even in difficult times, and confirms our presence in the country as the leading insurance company“.

Additionally Allianz Turkey has recently launched a new Group Health product. For details please see next page... ___________________________________________Source: Allianz Turkey

Source: Allianz Turkey

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Allianz Turkey, our network insurer and a leading figure of new generation insurance focused on technology, recently launched a new health product. The Com-plementary Group Health Insurance (Group CHI) was developed to assure customer satisfaction in all of its business segments.

Complementary Group Health Insurance Employers who decide to take up the Group CHI for their employees, enable them to use their Social Security Institution’s insurance coverage at private hospitals without paying for price gaps. It allows employees to use the wide network of institutions contracted by the Social Security Institution without making any extra payment to the hospital, excluding the insured’s share.

In Turkey, healthcare services at contracted private hospitals are only covered up to a certain limit by the Social Security Institution. With Group CHI, the price gap usually paid by the patient/insured, will be completely covered. Hence, CHI insurance holders will benefit from medical examinations, tests and observations without making extra payments; inpatient treatments and surgeries will be covered 100 % according to the policy conditions.

Why you should prefer Group CHI? The Group CHI product allows you to offer a package that includes the most needed services to your emplo-yees.

The package can include only inpatient treatment coverage or outpatient treatment coverage and / or maternity coverage can be added to the package. When customizing the product based on your company’s requests, you can decide on coverage limit and payment

percentile and include additional services to your packa-ge, depending on your preferences.

No waiting period required!Insureds covered by a policy shall not be subject to any waiting period, excluding 90-day waiting period required by the Social Security Institution for entitlement to the services.

Additional services availableIf you want, you may add the following services to the Group CHI policy.• Psychiatric Examination (2 times a year)• Dental Care Package ** Dental Care Package; Dentist’s Appointment, Dental Cleaning (scaling) and Single Teeth X-ray (Periapical).

For more information on the product or in case you would like to receive a quote for your company, please get in contact with us. ____________________________________________Source: Allianz Turkey | Contact: Ceylan Alver at ceylan.alver@allianz.com.tr or +90 212 336 84 75

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Complementary Group Health Insurance in Turkey Allianz Hayat ve Emekli-

lik / Allianz Sigorta Country: Turkey

Number of employees: >2,400

Lines of business:Life, Accident, Disability, Pension and Medical Financial strength rating:AA (S&P)* * Allianz Group rating

Your direct Allianz Global Benefits contact: Rachid Belarbi at rachid.belarbi@allianz.com or +49 711 663 1127

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The health insurance segment in India is rapidly growing. On August 1, 2015 the Indian health insurance indus-try was worth $1.3 bn with a growth rate of 19%. Our network insurer Bajaj Allianz General Insurance Compa-ny Ltd ranks 8th among the health insurers in India and holds a share of market of 4%.

Bajaj Allianz launched its first health insurance policy in 2001 and therefore can be called one of the pioneers of private health insurance in India. They started off with one retail plan and in the journey of the last almost 15 years have reached up to 17 health products including the 2014 launched four products: Surgical Protection Plan, Healthcare Supreme, Loan Care and Comprehen-sive Care Plan.

Bajaj Allianz realized in 2004 that delivering a great customer experience is a continuous process. Therefore the Health Administration Team (HAT) was conceptua-lized in order to provide comprehensive services across the country from health underwriting, product designing and development to claims administration, provider and wellness management. By doing so, Bajaj ensures to give personalized services for health insurance, one of the most sensitive lines of business, to their customers. Through generating the HAT as an in-house claims administration team, Bajaj Allianz eliminated the ‘Third Party Administrator’ striving to attain the status of being not just a claim manager but the best health provider in

the industry by constantly innovating their products and practices.

Digitalization plays an important role in the strategy of Bajaj Allianz. Their website provides an online buying and renewal tool as well as a Health Treatment Cost Calculator. Besides that they offer automated SMS alerts and online web portals. The need to constantly ideate and innovate the performance has driven Bajaj Allianz to automatize and digitalize their claims processes. Having moved from paper to web-based management of claims, Bajaj can provide one of the fastest claim processes in the market.

In India, the first choice component of an employee benefit strategy is offering medical benefits in form of group health insurance coverage followed by wellness programs. Through the support of 4,300 health care partner providers, more than 1,500 preferred providers and over 120 wellness partners across the country, Bajaj assists their clients in reducing their out-of-pocket expenses by offering an array of wellness programs and value added services.

For more information please get in contact with us.____________________________________________Source: Bajaj Allianz General | Contact: Rashmi Nandargi at rashmi.nandargi@bajajallianz.co.in or +91 9766 623 210

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Health Insurance in India

Bajaj Allianz General

Country: India

Number of employees: >4,000

Website address: www.bajajallianz.com

Lines of business:Accident and Medical Financial strength rating:iAAA (ICRA)

Your direct Allianz Global Benefits contact: Tony Hore at tony.hore@allianz.com.sg or +65 6395 3795

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Allianz Global Benefits’ Nordic partner, Danica Pension is determined to ensure that their online solutions are among the best in the Nordic market.

According to Michael Hansen, Head of International at Danica Pension, “Through our cooperation with Allianz Global Benefits we are in contact with varied internati-onal clients every week. What they all have in common is a strong need for user-friendly online solutions. We receive a positive feedback from multinationals based in both the United States of America and Europe, and this is extremely important when acquiring new clients in the local markets. When people who don’t deal with the Danish pension system on a daily basis understand it by using our online solutions, we must be doing something right. Danica Pension Check and the Danica Health Check are just some of our solutions.”

Danica Pension CheckCreated with the help of useful inputs from actuaries, finance experts and anthropologists, Danica Pension has delivered a digital financial planner. The Danica Pensi-on Check tool asks the individual pension customer to answer six questions on their current life situation, and then provides recommendations on what to do next. The questions cover areas such as job situation, salary increases/levels, mortgages, getting married or divorced, becoming a parent, as well as external savings and insurance policies.

A red, amber or green light quickly signals where they stand. A red light means the saver has far less than the

recommended savings or insurance cover, while amber indicates a better savings and insurance level, but it is still insufficient. A slide bar lets the client see how any adjustments, for example an increase in contributions or a delay in retirement age, would help him or her move into a different shade of the traffic light system. Danica proactively contacts savers whose Pension Check has resulted in red light within two to three days.

Pension industry assumptions examinedWhile developing the Pension Check tool, Danica Pensi-on received inputs from ReD Associates, which revealed that the pension industry has been communicating ba-sed on three false assumptions: that customers are fully informed about their savings, that they are rational about their decisions and that they know what they want. The reality is clearly different.

Once the model proves itself successful in Denmark, Danica Pension may also roll-out the Pension Check tool in Sweden and Norway, and increase its availability by using channels relevant to customers, such as mobile and tablets.

For more information please visit www.danicapension.dkor contact Michael Hansen directly.____________________________________________Source: Danica Pension | Contact: Michael Hansen at michans@danicapension.se or +46 703 533 190

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Danica Pension uses new channels to reach customers and improve lives

Danica Pension Country: Denmark Number of employees: 750

Website address: www.danicapension.dk

Lines of business:Life, Disability, Pension and Medical. Financial strength rating:A (S&P)*

Your direct Allianz Global Benefits contact: Rachid Belarbi at rachid.belarbi@allianz.com or +49 711 663 1127

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Allianz Life Insurance Country: South Korea Number of employees: 1,300

Website address: www.allianzlife.co.kr

Lines of business:Life, Accident, Disability and Medical. Financial strength rating:AA (S&P)* * Allianz Group rating

Your direct Allianz Global Benefits contact: Tony Hore at tony.hore@allianz.com.sg or +65 6395 3795

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Base plan Allianz Global Biz Plan (accidental death)

Riders

Spouse accidental death Severe disease disability

Disease-related death Accidental disability

Cancer diagnosis Cancer death

4-major disease diagnosis

2-major disease diagnosis

Nursing expense Surgery

Cancer surgery Cancer hospitalization

Thyroid cancer diagnosis

Industrial accidental death

Industrial accidental disability

Accidental hospitalization

Hospitalization Medical indemnity

With its products and services, Allianz Life Korea (AZLK) insures corporate employees and their families against accidents and provides them with extensive health coverage.

Employee Benefits Plan - a focus product of AZLKThe Employee Benefits Plan of AZLK has a one year po-licy term and consists of a base plan with the possibility to add up to 18 riders. Through this modular product de-sign, a variety of benefits can be provided to employees, their spouses and children according to their needs. The following product components are currently being offered:

In addition, accidental death, disease-related death and accidental disability can either be guaranteed at a fixed amount or according to the annual salary so as to meet different needs of corporate clients in providing emplo-yee benefits.

As of the end of 2014, the AZLK Employee Benefits Plan provides insurance cover to 320,000 individuals from 320 groups, recording KRW 10bn in gross written premium (GWP). The majority (70%) of these policies are being sold via specially trained sales force. With their competence in planning the employee benefits plan and customer-focused service, they are now the most reliable sales force for group business in the South Ko-

rean group insurance market, and are receiving positive feedback for their swift and accurate service in underwri-ting and claims payout.

Launch of a (VUL) product for employees that guaran-tees medical indemnity after retirementAZLK also launched a product that specifically targets employees and is the first of its kind in the Korean group insurance market. The new product has been developed due to the fact that the purchase of medical indemnity, which is guaranteed for individual employees via group insurance during their employment, is limited after retirement. This new product fulfills the needs of indivi-duals who receive group medical indemnity guarantee by allowing customers to choose the medical indemnity guarantee option at the time of signing the contract and providing medical indemnity benefit through the policyholder reserve after retirement.

AZLK is focusing on the sales of the VUL product for employees through a variety of marketing efforts that include presentation sessions for existing group clients covered by the employee benefits plan as well as other groups that are interested in the concept of the new product. ____________________________________________Source: Allianz Life Insurance | Contact: Hyuntae Kim at hyuntae.kim@allianzlife.kr or +82 2 3787 7662

During employment

After retirement

Reserve of premiums paid during employment will create funds

for medical indemnity

Commencement of the medical indemnity guarantee rider upon

request of policyholder.

Payout in form of:

• Lump-sum (upon cancellation) or

• Pension (upon request for transition to annuity plan)

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In today’s corporate environment, employers are faced with a changing and expanding cultural, demographic and multi-generational workforce. Adding to the chal-lenge are the rising costs of healthcare. In order to maintain a competitive edge and keep an at-tractive benefits package, companies must look for new and innovative ways to maximize the health and well-being of employees, improve productivity, retain and recruit skilled workers, and control costs. Noticing these market trends around the globe, Allianz has recently launched a new corporate assistance services offering under the brand name of, ‘Allianz Corporate Assistance’, developed for employees of multinational companies.

The Allianz integrated solution consists of four main service categories:

The program is structured to help businesses achieve clear results by:• Increasing employee productivity, job satisfaction

and morale• Reducing employee stress, absenteeism, costly

turnover and health care expenses• Promoting healthy living skills for employees and

families• Attracting and retaining skilled employees for a

stronger competitive edge

Medical assistanceAllianz already has doctors based around the world and a 24/7 multilingual Helpline, who are well placed to extend requisite support to clients in managing and mitigating health risks, including remote and most inhospitable work locations. The facility also include to establish static or mobile first aid stations, medical

centers or clinics, with state of the art medical equipment and supplies.

Security servicesAllianz Corporate Assistance offers a full range of security services designed to ensure your organization is alert to risk and aware of potential security issues in real time. The security experts will provide you and your staff with round the clock emergency support using the latest security information and technology.

Employee assistance program (EAP)The new EAP program provides referral services of all kinds. It includes a range of personal services for em-ployees and their families in need of help. The program can be customized to help employees deal with stress, smoking, drug abuse, financial issues and family needs such as elder care, day care and legal services.The primary tenet of this benefit is the fact that it is a confidential program. The employers will be provided with detail reports to demonstrate how much the service is being used and for what purpose. The information is provided on an aggregated basis and does not allow for identification of the individuals who use the services.

Occupational health (OH)The program provides occupational medical services and management system to multinational corporates. The program helps to implement consistent policies across multiple work locations. The customization allows employers to achieve significant cost reductions through central control and elimination of unnecessary medical assessments and overcharging. The program also offers flexibility to design management information process to compare employee health results across the business, regular review of the effectiveness of OH strategy and determine future deployment resources to best effect.

Allianz has designed the offering to be very modular, fle-xible and convenient for clients. These new services can be purchased by any company, regardless of whether or not they currently have international health and life policies with other providers.____________________________________________Source: Allianz Global Benefits | Contact: Parth Khandel-wal at parth.khandelwal@allianz.com or +49 89 3800 5111

SPECIAL FEATURE

Comprehensive medical assistance, health and wellness proposition from Allianz

Medical Services & Solutions

Security Services & Solutions

Employee Assistance Programs

Occupational Health

Services

Allianz Solution

The 1st Global Employee Benefits Conference in Moscow, moderated by Towers Watson, took place on October 1, 2015. Aim of the event was to provide local HR, Finance and Procurement professionals with insights on local and international talent management, risk management, recent trends and innovative solutions from providers of global employee benefits for businesses with a current or future presence in Russia, the Commonwealth of Independent States and beyond. Over 125 participants followed the invitation to Moscow.

Allianz Global Benefits acted as one of the sponsors of the event and Rachid Belarbi, Regional Director, held a keynote speech on the topic “Improving employee healthcare and wellbeing: Allianz initiatives globally”. He was joined by Aleksandr Shvedov, Deputy Director Partner Sales Center at Allianz Russia. The session was focused on the practical implementation of programs for prevention, wellbeing and corporate assistance. Furthermore it provided the unique opportunity to receive knowledge on international solutions including case studies.

Allianz Global Benefits Network is represented in Russia by OJSC IC Allianz and Allianz Life LLC. For more informa-tion on the event, the keynote speech and local capabili-ties in Russia please contact Rachid Belarbi.

AL L IANZ GL O BALBENEFIT S

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Allianz Global Benefits Conference Calendar Please see below the upcoming conferences with our participation:

January 31 - February 3, 2016: World Captive Forum 2016, Florida.

February 11, 2016: UK Captive Owner Summit, London.

March 9-10, 2016: IEBA 16th Annual Conference, Brussels.

The 6th Allianz International Broker Event took place in Munich from September 23-24, 2015 with more than 80 participants representing 11 different countries.

This years’ annual event was focused on the topic ‘The Power of Digitalization’ and the question how Allianz responds to the business environment changes that are emerging from new major technology developments.The event was kicked-off by the presentation ‘Better Together: Digital Partnership Now and in the Future‘, discussing the importance of partnership across broker and underwriting channels in order to meet the needs of customers in the increasingly digital world.

Allianz Global Benefits facilitated a thought leadership session on emerging trends in corporate Health & Benefits. This session included key note presentations on topics such as ’Millennials – Evolving landscape of Employee Benefit Risk Management’ and “Exploring the challenges of pension systems worldwide” giving the broker guests the chance to learn about the emerging trends, challenges and potential solutions in this growing segment.

“This was my inaugural attendance at the Allianz Inter-national Broker Event. The event and hosts were superb and the organization faultless. The Health & Benefits thought leadership session allowed us focus on what the future holds for health & benefits. It was a very engaging debate and gave us all the opportunity to share views, hear how Allianz are thinking about this market and challenge the direction of travel”, commented Joanne Anderson, Senior Consultant at Towers Watson.

For more information on this event, Global Broker acti-vities and further insights on the topics discussed please contact David Myers.

____________________________________________ Source: Allianz Global Benefits

6th Allianz Interna-tional Broker Event

CONF

EREN

CES

1st Global EB Confe-rence in Moscow

Rachid Belarbi Regional Director rachid.belarbi@allianz.com | + 49 711 663 1127

David Myers Head of Global Broker Life & Health Development david.myers@allianz.com | + 49 89 3800 19234

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A L L IANZ GL O BALBENEFIT S

ArgentinaAustraliaAustriaAzerbaijanBelgiumBeninBotswanaBrazilBruneiBulgariaBurkina FasoCameroonCanadaCentral African Rep.ChinaColombiaCongoCroatiaCzech RepublicDenmarkEgyptEstoniaFinlandFranceGermanyGhanaGreeceGuamHong KongHungaryIndiaIndonesiaItalyIvory CoastJapanJordanKazakhstanKenyaKyrgyzstanLaosLatviaLebanonLesothoLithuaniaLuxembourgMacaoMadagascarMalawiMalaysiaMaliMaltaMauritiusMexicoMonacoMozambiqueNamibiaNetherlandsNew ZealandNigeriaNorwayOmanPakistanPeruPhilippinesPolandPortugalPuerto RicoRomaniaRussiaSaudi ArabiaSenegalSingaporeSlovakiaSouth AfricaSouth KoreaSpainSri LankaSwazilandSwedenSwitzerlandTaiwanTanzaniaThailandTogoTurkeyTurkmenistanUAEUKUSAUzbekistanZambia

Contact Details

Allianz Global Benefits Newsletter

Editor: Melanie Liedtke at +49 711 663 1220 or melanie.liedtke1@allianz.com | Editor: Moritz Roeser at +49 711 663 1609 or moritz.roeser@allianz.com

Allianz Global Benefits GmbH | Reinsburgs-trasse 19 | 70178 Stuttgart | Germany | Tel.: +49 711 663 1900E-Mail: allianzglobalbenefits@allianz.comWebsite: www.allianzglobalbenefits.com

Copyright © Allianz Global Benefits GmbH

Disclaimer: This document is not intended for retail dis-tribution. The information in this document is for illustra-tive purposes only and is based on our understanding of current taxation laws, legislation and Government practi-ce in the country concerned, which may be subject to future variation. Allianz Global Benefits GmbH assumes no obligation to update any information. The benefit formulas and levels are not guaranteed and the value of investments may go down as well as up. The contents provided in this document do not constitute legal advice and are intended for informational purposes only.

Tony Hore Regional Director Asia Pacific Tel.: +65.63.95.37.95 Email: tony.hore@allianz.com.sg

Asia Pacific

Rachid Belarbi Regional Director Tel.: +49.711.663.1127 Email: rachid.belarbi@allianz.com

CEE | Nordics | Turkey | Middle East

Christian Keller Regional Director Tel.: +49.89.3800.3609 Email: christian.keller@allianz.com

DACH Region | Southern Europe

Adam King VP, Regional Director - The Americas Tel.: +1.312.441.2175 Email: adam.king@allianzlife.com

The Americas

Tom Laidler Regional Director UK Tel.: +44.7884.116135 Email: tom.laidler@allianz.com

United Kingdom

Melanie Breyer Regional Manager Tel.: +49.711.663.1217 Email: melanie.breyer@allianz.com

BeNeLux

Cyril Samson Managing Director | Global Life & Asset Coordinator Tel.: +49.711.663.1313 Email: cyril.samson@allianz.com

Life & Asset | Africa | France

David Myers Head of Global Broker Life/Health Development Tel.: +49.89.3800.19234 Email: david.myers@allianz.com

Global Brokers

YOUR CONTACTS

Dirk Hellmuth Chief Executive Officer | Head of Sales & Distribution Tel.: +49 711 663 3922 Email: dirk.hellmuth@allianz.com

CEO | Head of Sales & Distribution