Investment and operational losses in 2008 may have weakened many individual annuity insurers, but for larger players such as Allianz Life Insurance Co. of North America (Allianz Life), the U.S. subsidiary of Allianz SE, financial strength has not been an issue.
In fact, the insurer is investing in Accenture’s Life Insurance Platform to support Allianz Life’s annuity business. Allianz Life plans to enhance its product development capabilities and improve customer service, and more efficiently respond to the changing regulatory and business environment.
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