DWS Group and Zurich Germany have extended their strategic partnership in the unit-linked retail business in Germany early by 10 years until the year 2032. The companies will thus continue their successful cooperation in fund sales and in the development of unit-linked insurance products, which has existed since 2001, in the future. The close and trusting partnership, which has already led to the development of exclusive product innovations, particularly in the case of unit-linked solutions, is expected to contribute to the further growth of the inflows and the assets under management of DWS in the future.
“Zurich is one of our most important strategic partners. We are therefore very pleased to be able to continue and further expand our trusting cooperation in the long term. Our focus will remain on offering Zurich and its customers first-class, innovative products and services that meet their needs and cope with challenging markets”, said Dirk Goergen, member of the Executive Board of DWS Group and, as Head of Client Coverage Division, responsible for sales management and the global sales strategy.
“We are pleased to extend our exclusive partnership for another ten years. This is a confirmation of our long and trusting relationship with DWS. With this agreement, we continue to ensure that our customers have exclusive access to innovative fund and investment products with a high performance also under ESG criteria. Our partnership with DWS will help us to strengthen and expand our position as one of the leading providers of unit-linked pension solutions in Germany”, said Dr. Carsten Schildknecht, CEO of Zurich Germany.
DWS ranks third globally among insurance asset managers (source: Insurance Investment Outsourcing Report 2020), offering its global client-base individual solutions for their investment needs from a broad range of products. The asset manager ranks first in the German market for unit-linked insurance products, with a 41 percent market share (source: Fonds professionell Fondspolicen-Spezial, 3/2019).
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About DWS Group
DWS Group (DWS) is one of the world's leading asset managers with EUR 745bn of assets under management (as of 30 June 2020). Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.
We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our investment approach strategically.
DWS wants to innovate and shape the future of investing: with approximately 3,500 employees in offices all over the world, we are local while being one global team. We are investors – entrusted to build the best foundation for our clients’ future.
The Zurich Group Germany is part of the global Zurich Insurance Group (Zurich). With premium income (2019) of more than EUR 6 billion, investments of more than EUR 50 billion and around 4,400 employees, Zurich is one of the leading insurance companies in the property and life insurance business in Germany. It offers innovative, high-performance and sustainable products and solutions for insurance, provision and risk management from a single source. Individual customer orientation and high quality advice come first. www.newsroom.zurich.de
Zurich Insurance Group (Zurich) is a leading multi-line insurer that serves its customers in global and local markets. With about 55,000 employees, it provides a wide range of property and casualty, and life insurance products and services in more than 215 countries and territories. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information about Zurich is available at www.zurich.com.