Allianz Global Assistance Releases 2012 Financial Results - Marketwire
Allianz Global Assistance Group, the parent company of Henrico-based Allianz Global Assistance USA, announced its 2012 financial results and confirmed its ambitions for 2015 at a recent press conference in Paris. The Group reported that growth in global revenue was up 9% over 2011, leading to 2012 revenue of 2.238 billion euros and exceeding expectations for the year. Net profit was 65 million euros. All of the company's geographic regions and its three lines of business -- Automotive, Travel and Health/Home/Lifecare -- made well-balanced contributions to growth in 2012.
The Group also reported an improved combined ratio -- 96% -- and an operating profit that was 113 million euros, up 20% in an economy marked by relentless difficulties in Europe and a lukewarm recovery in the U.S. Despite challenges in the global economy, the Group reaffirmed its ambition to reach 3 billion euros in revenue by 2015, with 50% of revenue coming from Europe, 30% from the Americas and 20% from Asia/Pacific.
Top 3 Tips on Business bTravel Insurance/b | Travel Online
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Whether you are sending staff abroad for business or are travelling for your own business needs, travel insurance is a must have for any business. Getting the best coverage you can afford will not only make your staff feel good about going away but it may also save your business a lot money should something go wrong.
With so many levels of coverage and types of policies out there, it can get difficult to know what are the most important factors to consider when buying travel insurance for your business.
Here are three top tips to consider when looking at travel insurance for you business;
1) Multiple or Frequent Travellers
If you own or manage a business or are travelling for work, chances are that it won’t be as simple as a one off flight to one destination. In a bigger company you may have staff coming and going abroad regularly or you might even yourself require more than one trip away a year to multiple destinations. IN this likely case, it is wise to make sure your policy has maximum coverage in terms of flights and destinations. Get a package that will include multiple flights within one trip away and multiple flights throughout the year.
Cancellations can happen for many reasons. A business should be covered for as many eventualities as possible. Perhaps it might be that the traveller gets sick or has a medical emergency. What if a business colleague at the office is taken ill, you might need to cancel the trip to cover for them. Business is not always predicable and smooth sailing and there are many reasons as to why a trip needs to be cancelled or postponed.
It is wise when purchasing travel insurance for your business that you get the best medical coverage you can afford. Bad luck can strike at any time and this could lead to medical emergencies that end up costing your company a lot of money. From food poisoning to an accidental fall, you want to make sure that your staff are given the best medical treatment while they away working for your company.