DHL 2001 Annual Report Download - page 97

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97
The insurance business, which only began in 1999, was also encouraging.
PB Versicherung was able to increase the number of policies in its accident
segment by 99.3% to 59,600 and the number of life insurance policies by 70.9%
to 80,500.
Investing in the technology of the future
Investments in information technology also increased in 2001.Working to-
gether with SAP, we continued to develop the standard software for banks,con-
centrated our information technology resources on a central data center and
improved our online offering. In addition to new, high-performance banking
computers, we can now provide the account details for all savings, loan and build-
ing loan accounts online. Our online private loans, which can be approved on
screen if the customer has sufficient creditworthiness, have been particularly
successful.
In a joint venture with Siemens Business Services, we are also developing a
new system for domestic and international payments.This alliance will provide
us with a second major IT systems component that will supplement the standard
banking software to create the banking transaction technology of the future.
Move into logistics finance
With retroactive effect from January 1, 2001, Postbank acquired the New York-
based company BHF (USA) Holdings Inc. The company’s core businesses are
corporate finance and commercial real estate loans.At December 31, 2001, its
total assets amounted to €3.6 billion.With this move, Deutsche Post World Net
has created a strategic platform to develop global logistics finance, providing
DHL and Danzas with effective support on the attractive US market.
Corporate Divisions
Financial Services