The Allianz Group Case Study

The company began in 1866, in swizerland, founded by Henry Nestle a German pharmacist. The

The Molex Corporation is an electronic connector manufacturing firm, which is based in Illinois. This company is facing a financial reporting problem in which the financial statements were overstated. Joe King ,the CEO of the company, was appointed in July of 2001, and was responsible for managing and inventory control, among other very important duties. Diane Bullock was hired in 2003, to replace the previous CFO. Both Bullock and King were being accused of what? by the external auditors, Deloitte & Touche, for not disclosing an 8 million pre-tax inventory valuation error.

While I have gained some international exposure in my current role, I know that there is still a great

Describe briefly the company. What it does? Who are its customers and markets (in general terms)?

business of insurance. But the lack of uniformity, loop holes, blind spots and deficiencies within

National Insurance Company is one of the leading insurance firms in the United States. It serves over 10

Deutsche Allgemeinversicherung (DAV) is one of the world’s largest insurance companies. The success of the company has been contributed to its product offerings and “an excellent group of insurance managers” (case page 2). The company provides superior “traditional insurance management” and excellent customer service. However, the company began to face stiff competition not only from larger competitors but also from smaller insurance firms that are able to provide customized service to each individual client. To keep its current position in the market DAV has decided to concentrate on quality of customer service which it sees as a core competency. The

In 1890, in Bremen, Germany, by August Kuehne and Friedrich Nagel. It provides sea freight and

We can learn a lot by analyzing, evaluating, discussing, and exploring the methods of high level companies and their strategy to reach success. Primerica Financial Service is a company that provides life insurance and investments that help and serve the middle-income costumer with the best life insurance. They called it term life insurance. Primerica has a different approach compared to other companies; they want to offer the best life insurance to the costumer. Primerica’s main goal is to help other people. It is important to evaluate our own companies without bias and determinate ourselves to reach excellence.

This company has 69 years in the industry. It is one of the airlines that have played an important part in the

The Last in first out (LIFO) liquidation Inventory valuation method was changed as Inventory level in1984, 1983 and 1984 was decreased by Harnischfeger. By adopting this process, inventory that was purchased at lower cost in previous years was sold at higher prices.

To understand LTCM’s case better, we will discuss the case more thoroughly throughout the next few pages.

Their objective when starting the company was to provide auto insurance to military officers. In 1988, they owned 32 wholly-owned subsidiaries. Their main scope remained property and casualty insurance with automobile liability and damage insurance constituting over three-quarters of the company’s P&C business[1]. They also kept the membership limited to military officers and their dependents.

It has offices in 20 countries and a huge business network in over 100 countries which enable it to serve a large customer base around the globe (Invesco Ltd. Australia, 2013).

IT plays a role in servicing a large number of clients and reduce processing cost. At the same time IT can help in churning out statistics and information necessary to analyse the performance of current and potential business. As such, Sun Life need to look into the aspect of insurance systems and IT infrastructure in Malaysia.