Terms of Use

These Terms of Use were last modified on March 8, 2012, and were first published and made effective on March 9, 2012.


The PROJECT M e-zine, accessible via the website projectm-online.com (“Website” or “Services”), is the Website and online service provided by Allianz SE, Munich (“Allianz SE”, “our,” “we,” or “us”). By accessing or using the Service, you signify that you have read, understood and agree to be bound by these Terms of Use (“Terms of Use”). These Terms of Use apply to all visitors, users and others who access or use the Service (“Users” or “you” or “your”). If you do not agree to these Terms of Use, please do not access or use the Service.

In your jurisdiction these Terms of Use may not be legally binding without your acceptance. In this event, these Terms of Use are for information purposes only except where you accept them.


You may use the Service only if you can form a binding contract with Allianz SE, and only in compliance with these Terms of Use and all applicable local, state, national, and international laws, rules and regulations.

Service Rules

You agree not to engage in any of the following prohibited activities: (i) copying, distributing, or disclosing any part of the Service in any medium unless explicitly permitted or offered as functionality on the Website; (ii) using any automated system, including without limitation “robots,” “spiders,” “offline readers,” to access the Service in a manner that sends more request messages to the Allianz SE servers than a human can reasonably produce in the same period of time by using a conventional online web browser; (iii) transmitting spam, chain letters, or other unsolicited email; (iv) attempting to interfere with, compromise system integrity or security or decipher any transmissions to or from the servers running the Service; (v) taking any action that imposes, or may impose (as determined in our sole discretion) an unreasonable or disproportionately large load on our infrastructure; (vi) uploading invalid data, viruses, worms, or other software agents through the Service; or (vii) interfering with the proper working of the Service.

We may, without prior notice, change the Service, stop providing the Service or features of the Service, to you or to users generally, or create usage limits for the Service.

Intellectual Property

The Service and all materials contained on the Website, and all intellectual property rights and other rights thereto, including copyrights, (“Allianz SE Content”) are the exclusive property of Allianz SE, its subsidiaries and its licensors. Subject to the provisions of these Terms of Use, you are hereby granted a non-exclusive, limited, non-transferable, freely revocable license to use the Service as permitted by the features of the Service. We reserve all rights not expressly granted herein in the Service and the Allianz SE Content. We may terminate this license at any time for any reason or no reason. Allianz SE owns and maintains the Website.  Except as explicitly provided herein or offered as functionality on the Website, (i) nothing in these Terms of Use shall be deemed to create a license or right to Allianz SE Content, and (ii) you agree not to sell, license, rent, modify, distribute, copy, reproduce, transmit, publicly display, publically perform, publish, adapt, edit or create derivative works of any Allianz SE Content. You expressly grant, and you represent and warrant that you have all the rights necessary to grant us a non-exclusive, transferable, sub-licensable, royalty-free, worldwide license to reproduce, distribute or otherwise use any material or information that you provide to us, e.g. by posting it on the Website or sending to us via email, exclusively for the purpose for that you provide it to us.

Warranty; Limitation of liabilityWhilst all reasonable care has been taken to ensure that the material and information contained within the Website is accurate no representation or warranty is made as to its accuracy or completeness by Allianz SE, its subsidiaries or licensors.

Allianz SE’s warranty under statutory is limited to maliciously concealed defects. Allianz SE is only liable for intent and gross negligence.

To the extent that this Website contains links to websites of third parties, please note that such linked websites are not operated or controlled by us and that we are not responsible for the content, services, or products offered through the linked website or the privacy or security of information provided on or gathered through the linked website.

Notification Procedures

Allianz SE may provide notifications (whether required by law or other business related purposes) to you via email, in writing or hard copy notice, or by posting such notice on our Website, as determined by Allianz SE in our sole discretion. Allianz SE reserves the right to determine the form and means of providing notifications to our users, provided that you may opt out of certain means of notification. Allianz SE is not responsible for any automatic filtering you or your network provider may apply to email notifications we send to the email address you provide to us.


If any provision of these Terms of Use is or becomes invalid, ineffective or unenforceable, in whole or in part, or if it contains a gap, this shall not affect the validity, effectiveness or enforceability of the remaining provisions. Such provision shall be replaced with an enforceable provision that comes close to the intention underlying the unenforceable provision.

Governing Law; Jurisdiction

To the extent legally permitted, these Terms of Use shall be governed by and construed in accordance with the laws of the Federal Republic of Germany, without giving effect to any principles of conflicts of law or the CISG. If you are a business, the competent courts of Munich/Germany shall have exclusive jurisdiction over all disputes between you and Allianz SE resulting from the use of the Website.

Data Privacy

We inform you in the PROJECT M Privacy Policy about how we handle your personal and non-personal information when you use the Website or the Services.

Additional Terms; No Reliance

The information provided in materials referenced on the Website is not a complete analysis of every material fact respecting any industry, security or investment. Opinions and other content on the Website are provided for information purposes only and are subject to change without notice. Statements of fact cited in such materials have been obtained from sources believed to be reliable, but Allianz SE and its subsidiaries make no representation as to the completeness or accuracy of any statement or numerical data contained therein. Nothing contained in the Website constitutes investment, legal, tax or other advice and is not to be relied on in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision. Securities prices and performance information is historical and should not be considered representative of current conditions or predictive of future results. All securities investments fluctuate and involve risks.

Please contact us at projectm@allianz.com with any questions regarding these Terms of Use.