Allianz stakes a great deal on its Indian subsidiary

Operational in India since 2001 through Bajaj Allianz, Europe's insurance leader is henceforth the second private company with 5% in life insurance market shares and 10 000 wage earners. The groups, whose two subsidiaries in India are banking on a turnover of 634 million EURO (747 million USD) in premiums for 2005, set for its objective to reach 1 billion EURO (1.2 billion USD) in premiums in 2007 by latest.