http://www.prdomain.com/companies/A/Allianz/newsreleases/200861758305.htm

Allianz's Chief Operating Officer, Oliver Bate, spoke to the UN General Assembly about what financial service companies can do to aid with global efforts to fight climate change. Bate also answered questions regarding the UN's role in fostering a better climate and the effect of climate change on businesses in the private sector.

When asked, what significance does climate change have for the business and strategy of Allianz? Bate cites the need to satisfy their customers.

Our business is to empower our customers to manage their risks and opportunities and to find solutions for the challenges they face. Climate change is one of most important challenges of the next centuries. If we manage to provide innovative and sustainable solutions like insurance and investments for clean technology, it will help our customers, and ultimately us, to generate sustainable growth.

Business Register: June 16, 2008

Submitted by: M. Lamarre