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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.

"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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