Talanx AG · Hannover Germany
Company Description
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This link will open in a new window Talanx Group offers its customers an army of protection. The Germany-based insurance group is the third-largest in the country. Talanx operates in property/casualty insurance, life insurance, and financial services, as well as reinsurance in both the property/casualty and life categories. Brands include HDI Direkt and HDI-Gerling, which provide insurance policies to both private and industrial customers; Aspecta, a provider of individual insurance and investment products; Hannover Re (of which Talanx owns 51%), one of the world's largest reinsurers; and fund guarantor and asset manager AmpegaGirling, among others. Talanx has operations in 150 countries worldwide. To read the full description, subscribe now.
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Key Talanx AG Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $0.0 |
| Employees | 17,400 |
Talanx AG Executives
29 executives listed for Talanx AG's Hannover, location.
| Title | Name & Bio | Contact |
| Chairman, Supervisory Board | Wolf-Dieter Baumgartl | Network |
| Chairman, Management Board | Herbert Haas | Network |
| Chairman, Supervisory Board BHW Leben and BHW | Norbert Kox | Network |
Competition
Competitive Landscape for Talanx AG
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top Talanx AG Competitors
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