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Founded in 1890 and headquartered in Munich, Germany, Allianz SE is one of the world’s leading financial groups with insurance and asset management as core business. Allianz serves approximately 85 million customers in more than 70 countries and regions, and ranks No. 34 in the 2017 Fortune Global 500. Allianz divisions in property insurance, credit insurance and global assistance have been holding leading positions both regionally and internationally, while its life insurance business ranks among the top five worldwide. Allianz is also the third largest asset manager in the world. In the fiscal year 2017, Allianz achieved total revenues of EUR 126.1bn and an operating profit of EUR 11.1bn. As of 31 December, 2017, Allianz AuM grew to EUR 1,960bn (EUR 1,448bn third party assets). Owing to its significant influence on the global finance market, Allianz has been addressed every year since 2011 as one of the nine global systemically important insurers by Financial Stability Board (FSB) established by G20.