Allianz Worldwide Care has reported "exceptional" levels of growth during 2012, with a 27% increase in gross written premium (GWP) and a 31% increase in the number of insured lives.
Ron Buchan, Chief Executive confirmed the increase was due to new corporate clients, as well as significant additional business from existing clients.
He said "Our 2012 financial results have been our best to-date. Our financial performance in 2012, as in previous years, continues to be driven by a focus on client service, cost containment and investment in people."
2012 also saw Allianz open a new office in Brussels in partnership with Allianz Worldwide Care Services and in China in partnership with Allianz China General Insurance Company.
The insurer expects further expansion in other regional markets over coming months.
