Emerging Consumers Allianz SE, 9 July IFC A growth story

© Allianz SE Emerging Consumers is the new Microinsurance Target segment remains the same: Lowest 60% of income earners in emerging and developing markets Old perception New perception Microinsurance Emerging Consumers Rebranding

© Allianz SE Why are we doing Emerging Consumers? To grow with the customer! Middle incomeLow incomeHigh income Risk event With insurance Without insurance Time Wealth level of customers Emerging Consumers Conventional Insurance Social Benefit: Microinsurance protects socio-economic progress Business Benefit: Grow with customers from micro to conventional business

© Allianz SE Our global Emerging Consumers footprint 2014 Markets: 11 Insured lives: 44.6mn Insured assets: 1.3mn € Premium: 113.7mn € Profit: >5%

© Allianz SE Selected product highlights Indonesia Takaful Life India Crop Index, Cattle, Life Mali & Burkina Crop Index Ivory Coast Mobile Funeral Madagascar Mobile Life + Hospital  A range of Life and Property/Agro products. Very little Health.  Mobile distribution gaining importance, especially in Africa

© Allianz SE A continuous growth story  Robust growth projected to continue  Asia is by far the most dominant region, especially India Premiums (EUR mn)No. of Insureds (mn)

© Allianz SE A clear growth story, but challenges remain…  Deepening inclusion: “Selling the 2 nd product” and making “growing with the customer” reality  Low financial literacy and low Allianz brand awareness  Low believe in truly large business opportunity  Data on market opportunities missing Insurance FINDEX can help