1. Emerging Consumers Allianz SE, 9 July 2015 @ IFC A growth story

2. © Allianz SE 2015 2 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

3. © Allianz SE 2015 3 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

4. © Allianz SE 2015 4 Our global Emerging Consumers footprint 2014 Markets: 11 Insured lives: 44.6mn Insured assets: 1.3mn € Premium: 113.7mn € Profit: >5%

5. © Allianz SE 2015 5 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

6. © Allianz SE 2015 6 A continuous growth story 79 17 45 86 114 26  Robust growth projected to continue  Asia is by far the most dominant region, especially India Premiums (EUR mn)No. of Insureds (mn)

7. © Allianz SE 2015 7 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