Which segments are most profitable for Allianz?
Allianz Group is one of the leading insurance companies worldwide, though not all of its revenue is generated in the insurance sector. Life and health insurance is their most profitable segment, followed by property and casualty insurance and then asset management. For instance, Allianz Real Estate is the largest property investor globally. This diversified approach is not uncommon among the world's biggest insurers. A prime example of this is Berkshire Hathaway, which generates revenues in a wide range of sectors from manufacturing and energy to insurance and investing.Increased M&A activity in the health insurance sector
The number of German health insurance companies has been shrinking in recent years, mostly due to mergers and acquisitions within the sector. As of January 2022, there were less than 100 health insurance schemes - known as "Krankenkassen". Every German resident is required to have health insurance, which means that this development affects each of the more than 83 million residents.
