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Transforming Allianz

Allianz CEO Oliver Bate draws on his consulting roots to drive change from the inside out at the iconic German insurer.

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"I always believe that organisms that don't grow even slowly, die. We need to train ourselves to grow again on many levers - organically taking market share from competitors and acquiring and consolidating businesses. Because in a mature industry, that's what you do to take excess capacity out and create efficiency." - Oliver Bate.

BY MOST measures, reinventing a 128-year-old insurance giant from the inside out is a tall order. But the challenge seems particularly formidable when the driver of the transformation is a relatively young chief executive, who is not a company "lifer''.

Allianz Group chief executive and

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