The AGF Group is a major player in insurance and financial services, both in France and in more than twenty countries around the world. It has more than 60 billion clients from more than 70 countries world-wide. Backed by the n° 1 in European insurance, Allianz AG, of which it is a major entity, AGF is a general insurance company offering life and health, and property and liability insurance, as well as banking and asset management services. AGF is also a world leader in credit insurance with Euler Hermès and in assistance and travel insurance with Mondial Assistance. Allianz has given AGF the responsibility for developing business on the group's behalf in a number of counties where AGF has historical ties. They include: France, Benelux, Spain, South America, Africa and the Middle East. More than 90% of its activities are concentrated in Europe with 64% in France. AGF has existed for more than 180 years. And today it is one of the Allianz Group's main entities, and responsible for a major portion of its revenues and operating in one of its core business, namely the insurance of property and people in Western Europe. Since April 1998 Allianz has had a controlling interest in AGF and today holds 58.8% of its share capital. AGF has a legal status of a public limited company with its board of directors. Since insurance is a subject to tight regulatory and business constraints based on the country, the Allianz Group has adopted decentralized management model, where AGF local teams are responsible for different entities and manage their business while informing and carrying out regular information exchange with managers of their business within the parent company.
[...] In professional context, I believe, this is a good practice, because it allows avoiding rumours and helps to concentrate on the professional goals. • Past achievements are very important in the French corporate world - not only the latest ones count. For example, if an employee has got excellent results for years, and that for one reason or another he performs less than usual for a short time, he will not loose the respect that people accorded him for his past achievement. [...]
[...] Accounting management occupies the central position within DII and employs 75% of DII staff. It is in relation with General accounting department, with Mother Company accounting and with AGF US accounting. Accounting management subdivides into: • Financial accounting • Middle office In turn, financial accounting is subdivided into social accounting and German/US consolidation accounting. Financial accounting is responsible for: - Juste accounting of all the economic events linked to the activities over securities - Issuance of all the accounting records for each closing that are demanded by different directions of the Group - Transfer of the accounting data to the General accounting department of AGF - Reporting to the mother company, Allianz AG, by SCF (Financial Accounting System of AGF) - Accounting of trust companies Middle office is responsible for: - Management of Units of Accumulation (contracts or investments made by clients into company's portfolios, where client itself accepts the risk, and assets are property of the insurer) - Administration of the database of courses - Management of strategic shareholdings - Reporting on shareholdings - Administration of the interface IDEE / GPFI (GPI) Middle Office has special integrated systems for managing relations and executing orders. [...]
[...] More than 90% of its activities are concentrated in Europe with 64% in France. The following charts show a redistribution of AGF activities: 3. Legal structure of AGF AGF has existed since more than 180 years. And today it is one of the Allianz Group's main entities, and responsible for a major portion of its revenues and operating in one of its core business, namely the insurance of property and people in Western Europe. Since April 1998 Allianz has had a controlling interest in AGF and today holds 58.8% of its share capital. [...]
[...] And it was the fourth time that both of them have been ranked among the top ten percent of the industry's companies as regards sustainability. Allianz and AGF are performed particularly well in the areas of sustainability expertise, risk and crisis management, internal scorecards and products which generate social value added Product / service description AGF helps individuals, companies and professionals to fulfil their potential, face risks and realise their financial goals. The company therefore offers a complete range of performing products in areas of insurance and financial services. [...]
[...] Placement self-evaluation questionnaire Part I – structure and activities of AGF 1. Contact details Assurances Générales de France (AGF) Space of Finance, Department of the Insurance Investment 20 Le Peletier Street Paris, France Telephone: (331) 44-86-20-00 Fax: (331) 44-86-42-42 E-mail: http://www.agf.fr/ 2. Nature of the business The AGF Group is a major player in insurance and financial services, both in France and in more than twenty countries around the world. It has more than 60 billions of clients from more than 70 countries world-wide. [...]
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