GROUP MANAGEMENT REPORT Our Employees 93 International personnel marketing Management training Expatriation and international training programs also enables the respective supervisors to adjust better to the expatriate situation. To further strengthen our position as a leading “integrated fi- nancial services provider” we are continually looking for highly qualified and internationally oriented young professionals with management potential. We are talking about this challenging task to recent university graduates as well as junior managers with first professional experience.  In the future, interested applicants will have an even easier way to learn about vacant positions. Our electronic job appli- cation platform, an essential part of the expanded “Talent Man- agement System”, facilitates global access to information and makes the application processes more efficient. The system is being tested since the end of the reporting year, before it will go online world-wide. Through this platform, each group com- pany can constitute its own “talent pool” in which the profiles of both external and internal applicants are compiled. Upon con- clusion of the pilot phase, the “Talent Management System” will give applicants a more coherent overview of career opportuni- ties within the Allianz Group, independent of the group com- pany to which they are currently applying online. In addition, the new tool accelerates the application process through au- tomation, thereby reducing its costs. As an international financial services group, we demand and promote an international orientation and intercultural compe- tency on the part of our employees. We are committed to fill- ing newly available positions primarily through internal pro- motions. That is why we are continually expanding our junior management pool with qualified employees who can be assigned to international positions. We provide international training programs for our man- agement trainees. One of them is, for example, the “Global De- velopment Program” of Allianz Dresdner Asset Management, which combines a posting abroad with accompanying inter- cultural training. We like to assign young talents to projects abroad at the beginning of their career, or we encourage them to participate as knowledge managers in internationally staffed teams, to the extent that this supports their individual career development plan. Experienced specialists and managers can apply for expa- triate positions which are assigned for several years and are de- signed to give them a deeper understanding of new markets and an unfamiliar cultural context. For reliable planning, we have international expatriate guidelines that provide answers to ques- tions about integration assistance, remuneration and social se- curity in the host country as well as the modalities of returning home. This not only helps our employees and their families; it The Allianz Management Institute (AMI), our corporate uni- versity for management training, has a central role in the Group’s learning and knowledge network. AMI disseminates current specialist and management know-how and facilitates ac- cess to the Group’s strategy. This is done in campus programs, for example. In these programs, top-level managers from Group companies meet with Board Members of the Holding to jointly examine strategies and refine them in a constructive dialogue. Subjects in the reporting year were “Leadership Values”, “Turn- around Management”, “Asset Management and Old Age Pro- vision”, “Building an Entrepreneurial Organization”, “Human Ressources Global Strategy”, “Integration after a Merger”, and “Financial Services: Making your Assets work harder”. In developing its curriculum, AMI works with leading uni- versities, international business schools and research institutes, giving our management access to renowned experts and the  latest research in the field. Specialists from the organization share their specific experiences, which enhances the practical relevance of the AMI offerings, promotes best practices and gives the entire teaching program an unmistakable Allianz feel. That makes it easier for all participants to apply what they have learned to their own daily business. This practical relevance is highly appreciated by the course participants. Abit 90 percent of AMI participants evaluate its programs as “good” or “out- standing”. AMI also rates highly in external comparisons. As the first European corporate university it was accredited in 2003 by the European Foundation for Management Development (EFMD). This international organization, which is headquartered in Brus- sels, is made up of 400 member companies that are actively pro- moting outstanding performance in management training and development.  Beyond its commitment to AMI, Allianz is one of the founders (and sponsors) of the European School of Management and Technology (ESMT) in Berlin. The courses offered by this school are also attended by our management trainees. The spec- trum of available seminars ranges from “Finance”, “Risk Man- agement” and “Strategy” to “Change Management” and “Human Resources”.