The insurance industry during the war

The Second World War shaped the work of insurance companies in many respects - all large companies in the financial sector had to invest financial reserves in government loans, which the state used to finance the war. Allianz expanded its activities in parts of occupied Europe in step with German military expansion.

The SS was also a customer of the insurance industry. Thus, Allianz, usually as a member of a consortium of various insurance companies, insured staff and buildings at SS production facilities on the grounds of concentration camps.

The war also changed the company’s offerings: advertisement for war duty insurance.

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