Siemens is an engineering and electronics company that specializes in the fields of industry, energy, transportation, and healthcare. The company, formerly known as Siemens & Halske, was founded in 1847 and is headquartered in Munich, Germany. Siemens' principal activities are in the fields of industry, energy, transportation, and healthcare. Siemens AG offers insurance solutions, such as claims management, as well as acts as a broker of company-financed insurances for employees on business trips and foreign assignments.