Allianz Global Benefits (AGB), the employee benefits network of the Allianz Group, has joined Allianz Partners.
The firm said the strategic move had been effective from the turn of the year and would allow it to “significantly enhance” its value proposition for multinational corporations in global employee benefits through a “holistic corporate life, pension and health insurance offering and strengthened distribution capabilities”.
Ida Luka-Lognoné, CEO health at Allianz Partners, said she was delighted with the move.
“There are many synergies between Allianz Partners and AGB in terms of the broker channel, customers, proposition and market approach,” she said.
“Our joint and strengthened B2B2C approach will allow us to further leverage our expertise in both international private medical insurance (IPMI) and local employee benefits program business.
“Multinational corporations can expect a flexible and innovative set of employee benefits solutions including a strong health and wellbeing service proposition.”
Dirk Hellmuth, CEO of Allianz Global Benefits, added: “This is a considerable step in the evolution of our current AGB business model.
“It implies increased capabilities to centrally steer the entire global employee benefits value chain and to ensure strong delivery to our existing and new clients.”
