Frankfurt, Munich With new corporate and financial goals, Allianz boss Oliver Bäte wants to lead Europe’s largest insurer into the middle of the decade. The 56-year-old presented the strategic plan under the name “Simplicity at Scale” virtually to the international financial scene on Friday. It is the third time that Bäte has been setting the course for the next three years since he took office in 2015.
The digital conversion is to be pushed further. In addition, the group primarily wants to strengthen and simplify the three core units of property and casualty insurance, life and health insurance. He wants to focus on asset management. Investors initially responded positively to the new strategy. Allianz shares started trading on Friday morning with a plus of a good two percent.
Read on now
Get access to this and every other article in the
Web and in our app for 4 weeks free of charge.
Further
Read on now
Get access to this and every other article in the
Web and in our app for 4 weeks free of charge.
Further