Allianz Risk Barometer 2022: Cyber perils outrank Covid-19 and broken supply chains as top Africa and Middle East business risk
Cyber perils are the biggest concern for companies in Africa and Middle East, South Africa, Nigeria and around the world in 2022, according to the Allianz Risk Barometer which launches on January 18, 2022.
Leadership announcement for Allianz Ghana Non-Life
Ababacar Diaw, currently Deputy CEO of Allianz Africa Services and Regional Head of Protection and Resilience at Allianz Africa has been nominated CEO of Allianz Insurance Company Ghana Limited Non-Life, effective January 17th, subject to necessary approvals.
Allianz Africa has announced the appointment of Abderrahim Dbich as CEO of Allianz Maroc, effective January 1st, 2022. He succeeds Joerg Weber, who will take on new responsibilities in the Allianz group.
Allianz Africa welcomes Allianz Technology on the continent
Present in Africa for more than 100 years, Allianz, one of the world's leading insurers and asset managers is entering a new phase in its expansion on the continent with the launch of Allianz Technology's activities in Africa.
Another strong results for Allianz during the third-quarter 2021 that prove that we are on the right track!
For the third consecutive quarter in 2021, the Allianz Group has delivered a strong operating performance across all business segments. This demonstrates that our business model is well-positioned to leverage the opportunities arising from a recovery in the global economic environment and in financial markets.
Allianz completes acquisition of majority stake in Jubilee Insurance Company of Uganda Limited
On October 22, 2021, Allianz, one of the world’s leading insurers and asset managers, has become the majority shareholder in Jubilee Insurance Company of Uganda Limited after completing the transaction to acquire a 66% stake in the company from Jubilee Holdings Limited (JHL), East Africa’s largest insurance group.
Allianz brand value climbs 17 percent to over 15 billion USD in one year
Allianz continues to be the world’s most valuable insurance brand, according to the 2021 Best Global Brands ranking, released by leading consultancy Interbrand today. Within the top 100 global brands, Allianz has climbed five ranks since 2020 to #34. Allianz’s brand value has risen by 2.2 billion USD in one year to 15.2 billion USD, an increase of 17 percent.
Delphine Traoré, Member of the Board of Management of Allianz Africa and Regional Chief Operations Officer (COO), will succeed Coenraad Vrolijk and assume the role of Allianz Africa Regional Chief Executive Officer (CEO), in addition to her current responsibilities. Coenraad will leave Allianz Africa to pursue new opportunities outside of the Allianz group. These changes will become effective November 1st, 2021.
Allianz Africa: MBA scholarships for African actors in sustainable development
Allianz Africa's commitment to the development of the continent takes a new stage, through Allianz's “Next Generations Fellowship for Social Entrepreneurs" initiative. Indeed, Allianz is committed to offering ten (10) scholarships for a "Global Online MBA" from the prestigious ESMT Berlin school.
Delphine Traoré, Regional COO of Allianz Africa and Former President of the IOA: "Managing in times of crisis: a challenge taken up by insurers".
On June 13, 2019, Delphine Traoré, Chief Operating Officer of Allianz Africa, was elected President of the African Insurance Organisation (AIO) in Johannesburg. She handed over to her successor during the 47th Conference and Annual General Assembly of the AIO, held from the 4th to 8th September in Lagos (Nigeria).
Coenraad Vrolijk, CEO of Allianz Africa talks about Allianz ambitions in East Africa
On June 9, 2021, Coenraad Vrolijk, Regional CEO of Allianz Africa, participated in a high-level roundtable, organized by Global Perspectives Initiative (GPI) and its CEO, Dr Ingrid Hamm, with the support of Robert Bosh Stiftung, the Federal Ministry for Economic Cooperation and Development, Bill and Melinda Gates Foundation, Mo Ibrahim Foundation and McKinsey Global Institute.
Coenraad Vrolijk, Regional CEO of Allianz Africa, shares thoughts on the African-European economy
On June 9, 2021, Coenraad Vrolijk, Regional CEO of Allianz Africa, participated in a high-level roundtable, organized by Global Perspectives Initiative (GPI) and its CEO, Dr Ingrid Hamm, with the support of Robert Bosh Stiftung, the Federal Ministry for Economic Cooperation and Development, Bill and Melinda Gates Foundation, Mo Ibrahim Foundation and McKinsey Global Institute.
Allianz Group represented by Delphine Traoré at the InsuResilience Global Partnership Fourth Meeting of the HLCG
On June 1st, the HLCG held the Fourth Meeting of the InsuResilience Global Partnership where Allianz was represented by Delphine Traoré, the Regional COO of Allianz Africa.
Allianz completes acquisition of majority stake in Jubilee General Insurance, Kenya
On May 4, 2021, Allianz has become the majority shareholder in Jubilee General Insurance Limited in Kenya. This follows the acquisition of a 66% stake in the company, representing 1,522,622 ordinary shares, from Jubilee Holdings Limited (JHL), East Africa’s largest insurance group who are retaining a 34% shareholding in the company.
"We are proud of the results achieved by this transformation, which is in line with the vision of the Allianz Customer Model (ACM), for the benefit of customers and partners"
During the ACM Virtual Summit held on April 15, 2021, Agnès CADOT, Head of Organization Management at Allianz Africa alongside her colleagues, presented Allianz Africa's approach to ACM implementation
Digitization of Agriculture Insurance through Parametric solutions
Nairobi, March 24th: After the digital session held in December on the topic of “Vaccine Economics, Trade, China and Growth in Africa” with Ludovic Subran, Chief Economist at Allianz SE, Allianz Africa has today held a second webinar on “The Digitization of Agriculture Insurance Through Parametric Solutions” in partnership with Allianz Re.
Delphine Traoré for a united African financial industry to boost post Covid-19 growth
During the Africa Financial Industry Summit organized on March 10th by Jeune Afrique and Africa CEO Forum, Delphine Traoré, COO of Allianz Africa and President of the African Insurance Organization (AIO), participated in a panel under the theme: "Reinventing Post-Covid African Finance ".
Resilience through Covid-19, Allianz Africa & AGCS webinar
On February 23, 2021, Allianz Africa, in partnership with AGCS, organized a virtual conference to share the principal insights of the 2021 Allianz Risk Barometer.
Allianz Risk Barometer 2021: Covid-19 trio tops Africa and global business risks
10th Allianz survey: Business interruption, Pandemic outbreak and Cyber incidents are the top three business risks for 2021 – all strongly interlinked.
The business partnership between Allianz Non-Life Insurance Ghana and Société Générale (SG) Bank Ghana has been nothing but progressive in terms of growing the Allianz Ghana portfolio and GWP.
Global Scenarios & Economic Outlook of the World and Africa by Ludovic Subran
As Allianz prepares to expand its presence in the East African insurance market – building on a solid foundation in Kenya and with the acquisition of the majority of shares in Jubilee General Insurance Company in Kenya, Tanzania, Uganda, Mauritius and Burundi – Allianz has today initiated a series of events aiming to introduce Allianz to the East African market, not only as a worldwide insurance leader, but also as a global thought leader and expert in financial and insurance markets.
Allianz Africa women participate in Women Working for Change Summit to think about the world of tomorrow
Allianz Africa participated in the 3rd edition of the Women Working for Change Summit, a flagship international event organized by the AFRICA CEO FORUM. This digital meeting brought together more than 300 leading African women leaders to discuss the theme "Think tomorrow, change today".
Nov 11, 2020
Allianz Africa attended the 2nd edition of the Everywoman Insurance forum
Allianz Africa attended the 2nd edition of the Everywoman Insurance Forum which was organized by ‘’Everywoman’’, a professional network aiming to help businesses to close the gender gap and enhance the potential of female talent, this virtual event took place on November 11th.
For the 5th time, Allianz Africa is supporting the German Africa Foundation to recognize outstanding African personalities who have contributed in a remarkable way to foster sustainable development on the continent. The operational hub of Allianz took part in the German Africa Award Ceremony.
African Insurance Pulse 2020: Allianz Africa shares its experience
The African Insurance Organization (AIO) launched the African Insurance Pulse on the topic, “The Digitization of Insurance Markets in Africa”. This edition was produced by Faber Consulting on behalf of the AIO and was exclusively sponsored by Africa Re.
Jubilee Insurance and Allianz forge strategic partnership
Allianz Africa announced the nomination of Nandini Wilcke as Regional Head of Mergers, Acquisitions and Transformation effective from September 28th, 2020. She will succeed Adeolu Adewumi-Zer, recently nominated as the MD/CEO of Allianz Nigeria and will continue to serve as a Regional Head of Legal of Allianz Africa.
Nomination of Nandini Wilcke as Regional Head of Mergers, Acquisitions and Transformation
Allianz Africa announced the nomination of Nandini Wilcke as Regional Head of Mergers, Acquisitions and Transformation effective from September 28th, 2020. She will succeed Adeolu Adewumi-Zer, recently nominated as the MD/CEO of Allianz Nigeria and will continue to serve as a Regional Head of Legal of Allianz Africa.
Adeolu Adewumi-Zer, currently the Regional Head of Mergers, Acquisitions and Transformation for Allianz Africa, has been nominated as the MD/CEO of Allianz Nigeria. She will succeed Sunkanmi Adekeye, previously MD/CEO of Allianz Nigeria and Owolabi Salami, previously Executive Director of the company.
Frédéric Desprez appointed Head of Brokerage and Managing Director of Paris Hub for Allianz Africa
Allianz Africa appointed Frédéric Desprez as Head of Brokerage and Managing Director of Paris Hub for Allianz Africa, effective July 1, 2020. Frédéric Desprez has held the position of Managing Director of Allianz Cameroon Life and Non-Life since 2017.
Allianz Risk Barometer 2020: Business interruption top peril for companies in Africa and the Middle East
9th annual survey on top business risks attracts record participation of 2,700+ experts from over 100 countries. Business interruption ranks as the top risk in Africa and the Middle East and is a key challenge with digitalization and civil unrest creating new causes of disruption and loss of income. Cyber incidents have become more damaging and expensive for companies – and often result in lawsuits and litigation after the event. Changes in legislation and regulation & climate change are increasing concerns for companies in the region.
Leadership changes at Allianz Cameroon and Allianz Ivory Coast
Olivier Malâtre is appointed CEO of Allianz Cameroon. He will succeed Frédéric Desprez, who will be taking a new position within Allianz to be announced at a later date. These changes will take effect on May 1, 2020, following a two month transition period. Mamadou Koné, currently CEO of Allianz Ivory Coast Life, will take over as CEO of Allianz Ivory Coast Non-Life. His appointment will be effective on March 1, 2020.
Allianz Africa launches regional insurance solution “Allianz Pan African Solutions”
Allianz Africa launches "Allianz Pan African Solutions", a new insurance solution for its corporate customers. With its extensive network and knowledge of the African market, Allianz Africa now offers a global range of property and casualty insurance in 49 countries across the continent. Corporate customers will benefit from unique insurance programs to consolidate their activities in several markets and thus optimize the financial management of their risks.
Allianz Africa enters a strategic partnership with Ethiopian Airlines
Allianz Africa and Ethiopian Airlines enter a strategic partnership which will see both companies collaborate in 5 countries: Cameroon, Congo, Ghana, Kenya and Nigeria.The members of the Ethiopian Airlines “ShebaMiles” Frequent Flyer program will now benefit from a variety of insurance products offered by Allianz Africa, including Home, Motor, Travel, Life and Health.
Allianz Africa was represented at the 24th Reinsurance Forum of the AIO (African Insurance Organization) that was held in Tunis on September 30th- October 1st. The event was organized under the theme: "The African (Re) insurance in the face of new regulatory challenges". Delphine Traoré, president of the AIO and COO of Allianz Africa underlined the need for a comprehensive regulatory environment .
During the 28th World Economic Forum on Africa, Delphine Traoré, Regional COO and Executive Board member of Allianz Africa participated to the "Executive Women's Lounge". Organized by the W Collective, this event offered a dedicated space to debate and to reflect on how can women be more included in the African corporate world. Delphine Traoré shared her experience and insights at one of these round tables with other prominent business women and leaders.
Allianz Africa announced the appointment of Allianz Africa Chief Operations Officer (COO), Delphine Traoré, as President of the African Insurance Organization (AIO) effective June 12, 2019. Delphine served as Vice President of the organization from 2018 and takes over from Managing Director of Ghana Union Assurance, Arethu Duku.
Allianz partners with the AIO at their 46th annual conference
Over a 1000 delegates from over 60 countries will be present at one of the largest insurance gatherings. The theme of the conference is Insurance penetration in Africa: “Insuring the uninsured”. Allianz to continue increasing insurance coverage for individuals and businesses in Africa through trusted and innovative solutions.
Allianz reports operating profit of 3.0 billion euros in 1Q 2019
Allianz Group continued its successful course from 2018 with a strong first quarter 2019. The results demonstrate the resilience of our business segments and continued progress in executing our Renewal Agenda. Internal revenue growth, which adjusts for currency and consolidation effects, was 7.5 percent. Total revenues grew 9.1 percent to 40.3 (2018: 36.9) billion euros.
Allianz subsidiaries in Benin, Burkina Faso, Mali and Togo are now part of SUNU Group
Allianz Africa sold its shares in five subsidiaries in Benin, Burkina Faso (Life/P&C), Mali and Togo to Sunu Group, effective April 29, 2019. These entities are now part of the SUNU Group and will change their name to become SUNU Assurance upon receipt of regulatory approvals for the name change.
Allianz appoints new CEO to drive life operations in Ghana
Allianz has appointed Gideon Ataraire as Chief Executive Officer of Allianz Life Ghana. Gideon brings years of experience to the company and has a proven record of taking customer-centric companies like Allianz Life Ghana to the next level. Until this move, he was the Head of Human Resources and General Services at Allianz Nigeria.
Allianz Africa launches its core IT system transformation in Ghana
As part of its strategy, Allianz Africa is undergoing a deep operational transformation. First milestone is the set-up and rollout of a harmonized IT system across Africa. Allianz Ghana was selected and is in the process of the implementing the new system called Allianz Business System (ABS).
Allianz selects Abidjan as new strategic hub for its African operations
Allianz is to base its operational and underwriting activities in the economic capital of Ivory Coast. This is a key milestone in the major operational transformation launched in Africa by Allianz. The new hub will be headed by Delphine Traoré Maïdou, Regional Chief Operating Officer and Regional Executive Board member of Allianz Africa.
Allianz launches Emob, a new firm specializing in a business in sustainable mobility in Morocco
Emob, a joint-venture between Allianz SE and Moroccan industrial operator Imperium holding, has the ambition to turn Marrakesh into the main African platform for the sustainable mobility industry. As a first step toward this goal, Emob aims to put 20,000 electric motorbikes in circulation by 2021. To insure these vehicles, Allianz SE developed an exclusive and complete insurance solution through its subsidiary Allianz Maroc.
Appointment of new regional Head of Market Management reinforces Allianz business development strategy in Africa
Xavier Laurent will lead the newly created Market Management team of Allianz Africa as of January 1st, 2019. This strategic move is aligned with Allianz strong business ambitions in Africa. The new team will drive regional business growth and strengthen relationship with multinational clients and brokers.
Allianz Africa appoints Adja Samb as Chief Executive Officer of Allianz Senegal
Allianz Africa announced the appointment of Adja Samb as CEO of Allianz Senegal, effective January 1st, 2019. Till her appointment, Adja served as Head of Operations and Chief Marketing Officer at Allianz Morocco, a position she held from March 2015. Based in Dakar, she replaces Xavier Laurent who is taking on new responsibilities as Regional Head of Market Management. Adja will manage both life and non-life entities in Senegal and report to Coenraad Vrolijk, Regional Chief Executive Officer of Allianz Africa.
Allianz achieves operating profit of 3 bln euros in 3Q 2018
Internal revenue growth, which adjusts for currency and consolidation effects, amounted to 9.8 percent and was supported by all business segments. Total revenues increased by 7.9 percent to 30.5 billion euros.
Allianz to become worldwide Olympic insurance partner
The International Olympic Committee (IOC) and Allianz today announced that the insurer will join the ”Worldwide Olympic Partner” (TOP) Programme in 2021.
Allianz reports strong results for 2Q 2018 and confirms full-year outlook
After a successful start into 2018, Allianz Group continued to achieve good performance in the second quarter. Indicators remained close to or exceeded the second-quarter 2017 levels, despite burdens from geopolitical instabilities and currency fluctuations.
Allianz Group completes acquisition of Ensure Insurance in Nigeria
Allianz Group has announced the completion of the acquisition of 99.03 percent of the shares in Nigerian insurer Ensure Insurance plc from its core shareholder Greenoaks Global Holdings Ltd. (GGH). Ensure Insurance plc offers life and non-life insurance services and generated 18.2 million euros in gross premiums written in 2017.
Allianz Group acquires 8 percent stake in African Reinsurance Cor…
Allianz Group has signed an agreement to acquire 8 percent in Africa’s leading reinsurer Africa Re. Under the terms of the agreement, the total cash consideration payable at closing would amount to $81 million (or 69 million euros).
Allianz 1Q results signal good start into 2018, on track to meet targets
Allianz Group had a good start into 2018, posting a 6.8 percent rise in net income attributable to shareholders. Internal revenue growth, which adjusts for currency and consolidation effects, was 4.9 percent with positive contributions from all business segments. Total revenues increased 0.7 percent to 36.5 billion euros.
Allianz Africa moves underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan
Casablanca, Abidjan, Paris, April 18, 2018 – Allianz Africa Financial Services, Allianz Group’s Regional Company on the continent, has entirely moved its underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan with the appointment of Chaka Sougue and Arthur Yao.
Allianz Group reported strong results for the full year 2017 due largely to higher performance in Asset Management and Life and Health. Total revenues for the Group rose 3.0 percent to 126.1 billion euros for the year, driven by improvements in all business segments. Operating profit edged 0.4 percent higher to 11.1 billion euros in 2017, squarely in the upper half of the Group’s announced target range of 10.3 to 11.3 billion euros.
Allianz X invests $96.6 million in leading digital microinsurer B…
Allianz X, the digital investment unit of the Allianz Group, has announced a $96.6 million investment in BIMA, a leading digital microinsurer utilizing mobile technology to serve low-income customers in Africa, Asia and Latin America.
Africa poised to become digital insurance leader, says Allianz CEO Oliver Bäte
Oliver Bäte, CEO of Allianz SE, today opened the 44th annual Insurance Conference in Sun City, South Africa, with a keynote address on the conference theme "Disrupt, Debate, Deliver". In his speech, Bäte addressed the profound transformation of the insurance industry wrought by digitalization.
Allianz Risk Barometer 2020: Business interruption top peril for companies in Africa and the Middle East
9th annual survey on top business risks attracts record participation of 2,700+ experts from over 100 countries. Business interruption ranks as the top risk in Africa and the Middle East and is a key challenge with digitalization and civil unrest creating new causes of disruption and loss of income. Cyber incidents have become more damaging and expensive for companies – and often result in lawsuits and litigation after the event. Changes in legislation and regulation & climate change are increasing concerns for companies in the region.
Leadership changes at Allianz Cameroon and Allianz Ivory Coast
Olivier Malâtre is appointed CEO of Allianz Cameroon. He will succeed Frédéric Desprez, who will be taking a new position within Allianz to be announced at a later date. These changes will take effect on May 1, 2020, following a two month transition period. Mamadou Koné, currently CEO of Allianz Ivory Coast Life, will take over as CEO of Allianz Ivory Coast Non-Life. His appointment will be effective on March 1, 2020.
Allianz Africa launches regional insurance solution “Allianz Pan African Solutions”
Allianz Africa launches "Allianz Pan African Solutions", a new insurance solution for its corporate customers. With its extensive network and knowledge of the African market, Allianz Africa now offers a global range of property and casualty insurance in 49 countries across the continent. Corporate customers will benefit from unique insurance programs to consolidate their activities in several markets and thus optimize the financial management of their risks.
Allianz Africa enters a strategic partnership with Ethiopian Airlines
Allianz Africa and Ethiopian Airlines enter a strategic partnership which will see both companies collaborate in 5 countries: Cameroon, Congo, Ghana, Kenya and Nigeria.The members of the Ethiopian Airlines “ShebaMiles” Frequent Flyer program will now benefit from a variety of insurance products offered by Allianz Africa, including Home, Motor, Travel, Life and Health.
Allianz Africa was represented at the 24th Reinsurance Forum of the AIO (African Insurance Organization) that was held in Tunis on September 30th- October 1st. The event was organized under the theme: "The African (Re) insurance in the face of new regulatory challenges". Delphine Traoré, president of the AIO and COO of Allianz Africa underlined the need for a comprehensive regulatory environment .
During the 28th World Economic Forum on Africa, Delphine Traoré, Regional COO and Executive Board member of Allianz Africa participated to the "Executive Women's Lounge". Organized by the W Collective, this event offered a dedicated space to debate and to reflect on how can women be more included in the African corporate world. Delphine Traoré shared her experience and insights at one of these round tables with other prominent business women and leaders.
Allianz Africa announced the appointment of Allianz Africa Chief Operations Officer (COO), Delphine Traoré, as President of the African Insurance Organization (AIO) effective June 12, 2019. Delphine served as Vice President of the organization from 2018 and takes over from Managing Director of Ghana Union Assurance, Arethu Duku.
Allianz partners with the AIO at their 46th annual conference
Over a 1000 delegates from over 60 countries will be present at one of the largest insurance gatherings. The theme of the conference is Insurance penetration in Africa: “Insuring the uninsured”. Allianz to continue increasing insurance coverage for individuals and businesses in Africa through trusted and innovative solutions.
Allianz reports operating profit of 3.0 billion euros in 1Q 2019
Allianz Group continued its successful course from 2018 with a strong first quarter 2019. The results demonstrate the resilience of our business segments and continued progress in executing our Renewal Agenda. Internal revenue growth, which adjusts for currency and consolidation effects, was 7.5 percent. Total revenues grew 9.1 percent to 40.3 (2018: 36.9) billion euros.
Allianz subsidiaries in Benin, Burkina Faso, Mali and Togo are now part of SUNU Group
Allianz Africa sold its shares in five subsidiaries in Benin, Burkina Faso (Life/P&C), Mali and Togo to Sunu Group, effective April 29, 2019. These entities are now part of the SUNU Group and will change their name to become SUNU Assurance upon receipt of regulatory approvals for the name change.
Allianz appoints new CEO to drive life operations in Ghana
Allianz has appointed Gideon Ataraire as Chief Executive Officer of Allianz Life Ghana. Gideon brings years of experience to the company and has a proven record of taking customer-centric companies like Allianz Life Ghana to the next level. Until this move, he was the Head of Human Resources and General Services at Allianz Nigeria.
Allianz Africa launches its core IT system transformation in Ghana
As part of its strategy, Allianz Africa is undergoing a deep operational transformation. First milestone is the set-up and rollout of a harmonized IT system across Africa. Allianz Ghana was selected and is in the process of the implementing the new system called Allianz Business System (ABS).
Allianz selects Abidjan as new strategic hub for its African operations
Allianz is to base its operational and underwriting activities in the economic capital of Ivory Coast. This is a key milestone in the major operational transformation launched in Africa by Allianz. The new hub will be headed by Delphine Traoré Maïdou, Regional Chief Operating Officer and Regional Executive Board member of Allianz Africa.
Allianz launches Emob, a new firm specializing in a business in sustainable mobility in Morocco
Emob, a joint-venture between Allianz SE and Moroccan industrial operator Imperium holding, has the ambition to turn Marrakesh into the main African platform for the sustainable mobility industry. As a first step toward this goal, Emob aims to put 20,000 electric motorbikes in circulation by 2021. To insure these vehicles, Allianz SE developed an exclusive and complete insurance solution through its subsidiary Allianz Maroc.
Appointment of new regional Head of Market Management reinforces Allianz business development strategy in Africa
Xavier Laurent will lead the newly created Market Management team of Allianz Africa as of January 1st, 2019. This strategic move is aligned with Allianz strong business ambitions in Africa. The new team will drive regional business growth and strengthen relationship with multinational clients and brokers.
Allianz Africa appoints Adja Samb as Chief Executive Officer of Allianz Senegal
Allianz Africa announced the appointment of Adja Samb as CEO of Allianz Senegal, effective January 1st, 2019. Till her appointment, Adja served as Head of Operations and Chief Marketing Officer at Allianz Morocco, a position she held from March 2015. Based in Dakar, she replaces Xavier Laurent who is taking on new responsibilities as Regional Head of Market Management. Adja will manage both life and non-life entities in Senegal and report to Coenraad Vrolijk, Regional Chief Executive Officer of Allianz Africa.
Allianz achieves operating profit of 3 bln euros in 3Q 2018
Internal revenue growth, which adjusts for currency and consolidation effects, amounted to 9.8 percent and was supported by all business segments. Total revenues increased by 7.9 percent to 30.5 billion euros.
Allianz to become worldwide Olympic insurance partner
The International Olympic Committee (IOC) and Allianz today announced that the insurer will join the ”Worldwide Olympic Partner” (TOP) Programme in 2021.
Allianz reports strong results for 2Q 2018 and confirms full-year outlook
After a successful start into 2018, Allianz Group continued to achieve good performance in the second quarter. Indicators remained close to or exceeded the second-quarter 2017 levels, despite burdens from geopolitical instabilities and currency fluctuations.
Allianz Group completes acquisition of Ensure Insurance in Nigeria
Allianz Group has announced the completion of the acquisition of 99.03 percent of the shares in Nigerian insurer Ensure Insurance plc from its core shareholder Greenoaks Global Holdings Ltd. (GGH). Ensure Insurance plc offers life and non-life insurance services and generated 18.2 million euros in gross premiums written in 2017.
Allianz Group acquires 8 percent stake in African Reinsurance Cor…
Allianz Group has signed an agreement to acquire 8 percent in Africa’s leading reinsurer Africa Re. Under the terms of the agreement, the total cash consideration payable at closing would amount to $81 million (or 69 million euros).
Allianz 1Q results signal good start into 2018, on track to meet targets
Allianz Group had a good start into 2018, posting a 6.8 percent rise in net income attributable to shareholders. Internal revenue growth, which adjusts for currency and consolidation effects, was 4.9 percent with positive contributions from all business segments. Total revenues increased 0.7 percent to 36.5 billion euros.
Allianz Africa moves underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan
Casablanca, Abidjan, Paris, April 18, 2018 – Allianz Africa Financial Services, Allianz Group’s Regional Company on the continent, has entirely moved its underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan with the appointment of Chaka Sougue and Arthur Yao.
Allianz Group reported strong results for the full year 2017 due largely to higher performance in Asset Management and Life and Health. Total revenues for the Group rose 3.0 percent to 126.1 billion euros for the year, driven by improvements in all business segments. Operating profit edged 0.4 percent higher to 11.1 billion euros in 2017, squarely in the upper half of the Group’s announced target range of 10.3 to 11.3 billion euros.
Allianz X invests $96.6 million in leading digital microinsurer B…
Allianz X, the digital investment unit of the Allianz Group, has announced a $96.6 million investment in BIMA, a leading digital microinsurer utilizing mobile technology to serve low-income customers in Africa, Asia and Latin America.
Africa poised to become digital insurance leader, says Allianz CEO Oliver Bäte
Oliver Bäte, CEO of Allianz SE, today opened the 44th annual Insurance Conference in Sun City, South Africa, with a keynote address on the conference theme "Disrupt, Debate, Deliver". In his speech, Bäte addressed the profound transformation of the insurance industry wrought by digitalization.
Allianz Risk Barometer 2020: Business interruption top peril for companies in Africa and the Middle East
9th annual survey on top business risks attracts record participation of 2,700+ experts from over 100 countries. Business interruption ranks as the top risk in Africa and the Middle East and is a key challenge with digitalization and civil unrest creating new causes of disruption and loss of income. Cyber incidents have become more damaging and expensive for companies – and often result in lawsuits and litigation after the event. Changes in legislation and regulation & climate change are increasing concerns for companies in the region.
Leadership changes at Allianz Cameroon and Allianz Ivory Coast
Olivier Malâtre is appointed CEO of Allianz Cameroon. He will succeed Frédéric Desprez, who will be taking a new position within Allianz to be announced at a later date. These changes will take effect on May 1, 2020, following a two month transition period. Mamadou Koné, currently CEO of Allianz Ivory Coast Life, will take over as CEO of Allianz Ivory Coast Non-Life. His appointment will be effective on March 1, 2020.
Allianz Africa launches regional insurance solution “Allianz Pan African Solutions”
Allianz Africa launches "Allianz Pan African Solutions", a new insurance solution for its corporate customers. With its extensive network and knowledge of the African market, Allianz Africa now offers a global range of property and casualty insurance in 49 countries across the continent. Corporate customers will benefit from unique insurance programs to consolidate their activities in several markets and thus optimize the financial management of their risks.
Allianz Africa enters a strategic partnership with Ethiopian Airlines
Allianz Africa and Ethiopian Airlines enter a strategic partnership which will see both companies collaborate in 5 countries: Cameroon, Congo, Ghana, Kenya and Nigeria.The members of the Ethiopian Airlines “ShebaMiles” Frequent Flyer program will now benefit from a variety of insurance products offered by Allianz Africa, including Home, Motor, Travel, Life and Health.
Allianz Africa was represented at the 24th Reinsurance Forum of the AIO (African Insurance Organization) that was held in Tunis on September 30th- October 1st. The event was organized under the theme: "The African (Re) insurance in the face of new regulatory challenges". Delphine Traoré, president of the AIO and COO of Allianz Africa underlined the need for a comprehensive regulatory environment .
During the 28th World Economic Forum on Africa, Delphine Traoré, Regional COO and Executive Board member of Allianz Africa participated to the "Executive Women's Lounge". Organized by the W Collective, this event offered a dedicated space to debate and to reflect on how can women be more included in the African corporate world. Delphine Traoré shared her experience and insights at one of these round tables with other prominent business women and leaders.
Allianz Africa announced the appointment of Allianz Africa Chief Operations Officer (COO), Delphine Traoré, as President of the African Insurance Organization (AIO) effective June 12, 2019. Delphine served as Vice President of the organization from 2018 and takes over from Managing Director of Ghana Union Assurance, Arethu Duku.
Allianz partners with the AIO at their 46th annual conference
Over a 1000 delegates from over 60 countries will be present at one of the largest insurance gatherings. The theme of the conference is Insurance penetration in Africa: “Insuring the uninsured”. Allianz to continue increasing insurance coverage for individuals and businesses in Africa through trusted and innovative solutions.
Allianz reports operating profit of 3.0 billion euros in 1Q 2019
Allianz Group continued its successful course from 2018 with a strong first quarter 2019. The results demonstrate the resilience of our business segments and continued progress in executing our Renewal Agenda. Internal revenue growth, which adjusts for currency and consolidation effects, was 7.5 percent. Total revenues grew 9.1 percent to 40.3 (2018: 36.9) billion euros.
Allianz subsidiaries in Benin, Burkina Faso, Mali and Togo are now part of SUNU Group
Allianz Africa sold its shares in five subsidiaries in Benin, Burkina Faso (Life/P&C), Mali and Togo to Sunu Group, effective April 29, 2019. These entities are now part of the SUNU Group and will change their name to become SUNU Assurance upon receipt of regulatory approvals for the name change.
Allianz appoints new CEO to drive life operations in Ghana
Allianz has appointed Gideon Ataraire as Chief Executive Officer of Allianz Life Ghana. Gideon brings years of experience to the company and has a proven record of taking customer-centric companies like Allianz Life Ghana to the next level. Until this move, he was the Head of Human Resources and General Services at Allianz Nigeria.
Allianz Africa launches its core IT system transformation in Ghana
As part of its strategy, Allianz Africa is undergoing a deep operational transformation. First milestone is the set-up and rollout of a harmonized IT system across Africa. Allianz Ghana was selected and is in the process of the implementing the new system called Allianz Business System (ABS).
Allianz selects Abidjan as new strategic hub for its African operations
Allianz is to base its operational and underwriting activities in the economic capital of Ivory Coast. This is a key milestone in the major operational transformation launched in Africa by Allianz. The new hub will be headed by Delphine Traoré Maïdou, Regional Chief Operating Officer and Regional Executive Board member of Allianz Africa.
Allianz launches Emob, a new firm specializing in a business in sustainable mobility in Morocco
Emob, a joint-venture between Allianz SE and Moroccan industrial operator Imperium holding, has the ambition to turn Marrakesh into the main African platform for the sustainable mobility industry. As a first step toward this goal, Emob aims to put 20,000 electric motorbikes in circulation by 2021. To insure these vehicles, Allianz SE developed an exclusive and complete insurance solution through its subsidiary Allianz Maroc.
Appointment of new regional Head of Market Management reinforces Allianz business development strategy in Africa
Xavier Laurent will lead the newly created Market Management team of Allianz Africa as of January 1st, 2019. This strategic move is aligned with Allianz strong business ambitions in Africa. The new team will drive regional business growth and strengthen relationship with multinational clients and brokers.
Allianz Africa appoints Adja Samb as Chief Executive Officer of Allianz Senegal
Allianz Africa announced the appointment of Adja Samb as CEO of Allianz Senegal, effective January 1st, 2019. Till her appointment, Adja served as Head of Operations and Chief Marketing Officer at Allianz Morocco, a position she held from March 2015. Based in Dakar, she replaces Xavier Laurent who is taking on new responsibilities as Regional Head of Market Management. Adja will manage both life and non-life entities in Senegal and report to Coenraad Vrolijk, Regional Chief Executive Officer of Allianz Africa.
Allianz achieves operating profit of 3 bln euros in 3Q 2018
Internal revenue growth, which adjusts for currency and consolidation effects, amounted to 9.8 percent and was supported by all business segments. Total revenues increased by 7.9 percent to 30.5 billion euros.
Allianz to become worldwide Olympic insurance partner
The International Olympic Committee (IOC) and Allianz today announced that the insurer will join the ”Worldwide Olympic Partner” (TOP) Programme in 2021.
Allianz reports strong results for 2Q 2018 and confirms full-year outlook
After a successful start into 2018, Allianz Group continued to achieve good performance in the second quarter. Indicators remained close to or exceeded the second-quarter 2017 levels, despite burdens from geopolitical instabilities and currency fluctuations.
Allianz Group completes acquisition of Ensure Insurance in Nigeria
Allianz Group has announced the completion of the acquisition of 99.03 percent of the shares in Nigerian insurer Ensure Insurance plc from its core shareholder Greenoaks Global Holdings Ltd. (GGH). Ensure Insurance plc offers life and non-life insurance services and generated 18.2 million euros in gross premiums written in 2017.
Allianz Group acquires 8 percent stake in African Reinsurance Cor…
Allianz Group has signed an agreement to acquire 8 percent in Africa’s leading reinsurer Africa Re. Under the terms of the agreement, the total cash consideration payable at closing would amount to $81 million (or 69 million euros).
Allianz 1Q results signal good start into 2018, on track to meet targets
Allianz Group had a good start into 2018, posting a 6.8 percent rise in net income attributable to shareholders. Internal revenue growth, which adjusts for currency and consolidation effects, was 4.9 percent with positive contributions from all business segments. Total revenues increased 0.7 percent to 36.5 billion euros.
Allianz Africa moves underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan
Casablanca, Abidjan, Paris, April 18, 2018 – Allianz Africa Financial Services, Allianz Group’s Regional Company on the continent, has entirely moved its underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan with the appointment of Chaka Sougue and Arthur Yao.
Allianz Group reported strong results for the full year 2017 due largely to higher performance in Asset Management and Life and Health. Total revenues for the Group rose 3.0 percent to 126.1 billion euros for the year, driven by improvements in all business segments. Operating profit edged 0.4 percent higher to 11.1 billion euros in 2017, squarely in the upper half of the Group’s announced target range of 10.3 to 11.3 billion euros.
Allianz X invests $96.6 million in leading digital microinsurer B…
Allianz X, the digital investment unit of the Allianz Group, has announced a $96.6 million investment in BIMA, a leading digital microinsurer utilizing mobile technology to serve low-income customers in Africa, Asia and Latin America.
Africa poised to become digital insurance leader, says Allianz CEO Oliver Bäte
Oliver Bäte, CEO of Allianz SE, today opened the 44th annual Insurance Conference in Sun City, South Africa, with a keynote address on the conference theme "Disrupt, Debate, Deliver". In his speech, Bäte addressed the profound transformation of the insurance industry wrought by digitalization.
Allianz Risk Barometer 2020: Business interruption top peril for companies in Africa and the Middle East
9th annual survey on top business risks attracts record participation of 2,700+ experts from over 100 countries. Business interruption ranks as the top risk in Africa and the Middle East and is a key challenge with digitalization and civil unrest creating new causes of disruption and loss of income. Cyber incidents have become more damaging and expensive for companies – and often result in lawsuits and litigation after the event. Changes in legislation and regulation & climate change are increasing concerns for companies in the region.
Leadership changes at Allianz Cameroon and Allianz Ivory Coast
Olivier Malâtre is appointed CEO of Allianz Cameroon. He will succeed Frédéric Desprez, who will be taking a new position within Allianz to be announced at a later date. These changes will take effect on May 1, 2020, following a two month transition period. Mamadou Koné, currently CEO of Allianz Ivory Coast Life, will take over as CEO of Allianz Ivory Coast Non-Life. His appointment will be effective on March 1, 2020.
Allianz Africa launches regional insurance solution “Allianz Pan African Solutions”
Allianz Africa launches "Allianz Pan African Solutions", a new insurance solution for its corporate customers. With its extensive network and knowledge of the African market, Allianz Africa now offers a global range of property and casualty insurance in 49 countries across the continent. Corporate customers will benefit from unique insurance programs to consolidate their activities in several markets and thus optimize the financial management of their risks.
Allianz Africa enters a strategic partnership with Ethiopian Airlines
Allianz Africa and Ethiopian Airlines enter a strategic partnership which will see both companies collaborate in 5 countries: Cameroon, Congo, Ghana, Kenya and Nigeria.The members of the Ethiopian Airlines “ShebaMiles” Frequent Flyer program will now benefit from a variety of insurance products offered by Allianz Africa, including Home, Motor, Travel, Life and Health.
Allianz Africa was represented at the 24th Reinsurance Forum of the AIO (African Insurance Organization) that was held in Tunis on September 30th- October 1st. The event was organized under the theme: "The African (Re) insurance in the face of new regulatory challenges". Delphine Traoré, president of the AIO and COO of Allianz Africa underlined the need for a comprehensive regulatory environment .
During the 28th World Economic Forum on Africa, Delphine Traoré, Regional COO and Executive Board member of Allianz Africa participated to the "Executive Women's Lounge". Organized by the W Collective, this event offered a dedicated space to debate and to reflect on how can women be more included in the African corporate world. Delphine Traoré shared her experience and insights at one of these round tables with other prominent business women and leaders.
Allianz Africa announced the appointment of Allianz Africa Chief Operations Officer (COO), Delphine Traoré, as President of the African Insurance Organization (AIO) effective June 12, 2019. Delphine served as Vice President of the organization from 2018 and takes over from Managing Director of Ghana Union Assurance, Arethu Duku.
Allianz partners with the AIO at their 46th annual conference
Over a 1000 delegates from over 60 countries will be present at one of the largest insurance gatherings. The theme of the conference is Insurance penetration in Africa: “Insuring the uninsured”. Allianz to continue increasing insurance coverage for individuals and businesses in Africa through trusted and innovative solutions.
Allianz reports operating profit of 3.0 billion euros in 1Q 2019
Allianz Group continued its successful course from 2018 with a strong first quarter 2019. The results demonstrate the resilience of our business segments and continued progress in executing our Renewal Agenda. Internal revenue growth, which adjusts for currency and consolidation effects, was 7.5 percent. Total revenues grew 9.1 percent to 40.3 (2018: 36.9) billion euros.
Allianz subsidiaries in Benin, Burkina Faso, Mali and Togo are now part of SUNU Group
Allianz Africa sold its shares in five subsidiaries in Benin, Burkina Faso (Life/P&C), Mali and Togo to Sunu Group, effective April 29, 2019. These entities are now part of the SUNU Group and will change their name to become SUNU Assurance upon receipt of regulatory approvals for the name change.
Allianz appoints new CEO to drive life operations in Ghana
Allianz has appointed Gideon Ataraire as Chief Executive Officer of Allianz Life Ghana. Gideon brings years of experience to the company and has a proven record of taking customer-centric companies like Allianz Life Ghana to the next level. Until this move, he was the Head of Human Resources and General Services at Allianz Nigeria.
Allianz Africa launches its core IT system transformation in Ghana
As part of its strategy, Allianz Africa is undergoing a deep operational transformation. First milestone is the set-up and rollout of a harmonized IT system across Africa. Allianz Ghana was selected and is in the process of the implementing the new system called Allianz Business System (ABS).
Allianz selects Abidjan as new strategic hub for its African operations
Allianz is to base its operational and underwriting activities in the economic capital of Ivory Coast. This is a key milestone in the major operational transformation launched in Africa by Allianz. The new hub will be headed by Delphine Traoré Maïdou, Regional Chief Operating Officer and Regional Executive Board member of Allianz Africa.
Allianz launches Emob, a new firm specializing in a business in sustainable mobility in Morocco
Emob, a joint-venture between Allianz SE and Moroccan industrial operator Imperium holding, has the ambition to turn Marrakesh into the main African platform for the sustainable mobility industry. As a first step toward this goal, Emob aims to put 20,000 electric motorbikes in circulation by 2021. To insure these vehicles, Allianz SE developed an exclusive and complete insurance solution through its subsidiary Allianz Maroc.
Appointment of new regional Head of Market Management reinforces Allianz business development strategy in Africa
Xavier Laurent will lead the newly created Market Management team of Allianz Africa as of January 1st, 2019. This strategic move is aligned with Allianz strong business ambitions in Africa. The new team will drive regional business growth and strengthen relationship with multinational clients and brokers.
Allianz Africa appoints Adja Samb as Chief Executive Officer of Allianz Senegal
Allianz Africa announced the appointment of Adja Samb as CEO of Allianz Senegal, effective January 1st, 2019. Till her appointment, Adja served as Head of Operations and Chief Marketing Officer at Allianz Morocco, a position she held from March 2015. Based in Dakar, she replaces Xavier Laurent who is taking on new responsibilities as Regional Head of Market Management. Adja will manage both life and non-life entities in Senegal and report to Coenraad Vrolijk, Regional Chief Executive Officer of Allianz Africa.
Allianz achieves operating profit of 3 bln euros in 3Q 2018
Internal revenue growth, which adjusts for currency and consolidation effects, amounted to 9.8 percent and was supported by all business segments. Total revenues increased by 7.9 percent to 30.5 billion euros.
Allianz to become worldwide Olympic insurance partner
The International Olympic Committee (IOC) and Allianz today announced that the insurer will join the ”Worldwide Olympic Partner” (TOP) Programme in 2021.
Allianz reports strong results for 2Q 2018 and confirms full-year outlook
After a successful start into 2018, Allianz Group continued to achieve good performance in the second quarter. Indicators remained close to or exceeded the second-quarter 2017 levels, despite burdens from geopolitical instabilities and currency fluctuations.
Allianz Group completes acquisition of Ensure Insurance in Nigeria
Allianz Group has announced the completion of the acquisition of 99.03 percent of the shares in Nigerian insurer Ensure Insurance plc from its core shareholder Greenoaks Global Holdings Ltd. (GGH). Ensure Insurance plc offers life and non-life insurance services and generated 18.2 million euros in gross premiums written in 2017.
Allianz Group acquires 8 percent stake in African Reinsurance Cor…
Allianz Group has signed an agreement to acquire 8 percent in Africa’s leading reinsurer Africa Re. Under the terms of the agreement, the total cash consideration payable at closing would amount to $81 million (or 69 million euros).
Allianz 1Q results signal good start into 2018, on track to meet targets
Allianz Group had a good start into 2018, posting a 6.8 percent rise in net income attributable to shareholders. Internal revenue growth, which adjusts for currency and consolidation effects, was 4.9 percent with positive contributions from all business segments. Total revenues increased 0.7 percent to 36.5 billion euros.
Allianz Africa moves underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan
Casablanca, Abidjan, Paris, April 18, 2018 – Allianz Africa Financial Services, Allianz Group’s Regional Company on the continent, has entirely moved its underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan with the appointment of Chaka Sougue and Arthur Yao.
Allianz Group reported strong results for the full year 2017 due largely to higher performance in Asset Management and Life and Health. Total revenues for the Group rose 3.0 percent to 126.1 billion euros for the year, driven by improvements in all business segments. Operating profit edged 0.4 percent higher to 11.1 billion euros in 2017, squarely in the upper half of the Group’s announced target range of 10.3 to 11.3 billion euros.
Allianz X invests $96.6 million in leading digital microinsurer B…
Allianz X, the digital investment unit of the Allianz Group, has announced a $96.6 million investment in BIMA, a leading digital microinsurer utilizing mobile technology to serve low-income customers in Africa, Asia and Latin America.
Africa poised to become digital insurance leader, says Allianz CEO Oliver Bäte
Oliver Bäte, CEO of Allianz SE, today opened the 44th annual Insurance Conference in Sun City, South Africa, with a keynote address on the conference theme "Disrupt, Debate, Deliver". In his speech, Bäte addressed the profound transformation of the insurance industry wrought by digitalization.
Allianz Risk Barometer 2020: Business interruption top peril for companies in Africa and the Middle East
9th annual survey on top business risks attracts record participation of 2,700+ experts from over 100 countries. Business interruption ranks as the top risk in Africa and the Middle East and is a key challenge with digitalization and civil unrest creating new causes of disruption and loss of income. Cyber incidents have become more damaging and expensive for companies – and often result in lawsuits and litigation after the event. Changes in legislation and regulation & climate change are increasing concerns for companies in the region.
Leadership changes at Allianz Cameroon and Allianz Ivory Coast
Olivier Malâtre is appointed CEO of Allianz Cameroon. He will succeed Frédéric Desprez, who will be taking a new position within Allianz to be announced at a later date. These changes will take effect on May 1, 2020, following a two month transition period. Mamadou Koné, currently CEO of Allianz Ivory Coast Life, will take over as CEO of Allianz Ivory Coast Non-Life. His appointment will be effective on March 1, 2020.
Allianz Africa launches regional insurance solution “Allianz Pan African Solutions”
Allianz Africa launches "Allianz Pan African Solutions", a new insurance solution for its corporate customers. With its extensive network and knowledge of the African market, Allianz Africa now offers a global range of property and casualty insurance in 49 countries across the continent. Corporate customers will benefit from unique insurance programs to consolidate their activities in several markets and thus optimize the financial management of their risks.
Allianz Africa enters a strategic partnership with Ethiopian Airlines
Allianz Africa and Ethiopian Airlines enter a strategic partnership which will see both companies collaborate in 5 countries: Cameroon, Congo, Ghana, Kenya and Nigeria.The members of the Ethiopian Airlines “ShebaMiles” Frequent Flyer program will now benefit from a variety of insurance products offered by Allianz Africa, including Home, Motor, Travel, Life and Health.
Allianz Africa was represented at the 24th Reinsurance Forum of the AIO (African Insurance Organization) that was held in Tunis on September 30th- October 1st. The event was organized under the theme: "The African (Re) insurance in the face of new regulatory challenges". Delphine Traoré, president of the AIO and COO of Allianz Africa underlined the need for a comprehensive regulatory environment .
During the 28th World Economic Forum on Africa, Delphine Traoré, Regional COO and Executive Board member of Allianz Africa participated to the "Executive Women's Lounge". Organized by the W Collective, this event offered a dedicated space to debate and to reflect on how can women be more included in the African corporate world. Delphine Traoré shared her experience and insights at one of these round tables with other prominent business women and leaders.
Allianz Africa announced the appointment of Allianz Africa Chief Operations Officer (COO), Delphine Traoré, as President of the African Insurance Organization (AIO) effective June 12, 2019. Delphine served as Vice President of the organization from 2018 and takes over from Managing Director of Ghana Union Assurance, Arethu Duku.
Allianz partners with the AIO at their 46th annual conference
Over a 1000 delegates from over 60 countries will be present at one of the largest insurance gatherings. The theme of the conference is Insurance penetration in Africa: “Insuring the uninsured”. Allianz to continue increasing insurance coverage for individuals and businesses in Africa through trusted and innovative solutions.
Allianz reports operating profit of 3.0 billion euros in 1Q 2019
Allianz Group continued its successful course from 2018 with a strong first quarter 2019. The results demonstrate the resilience of our business segments and continued progress in executing our Renewal Agenda. Internal revenue growth, which adjusts for currency and consolidation effects, was 7.5 percent. Total revenues grew 9.1 percent to 40.3 (2018: 36.9) billion euros.
Allianz subsidiaries in Benin, Burkina Faso, Mali and Togo are now part of SUNU Group
Allianz Africa sold its shares in five subsidiaries in Benin, Burkina Faso (Life/P&C), Mali and Togo to Sunu Group, effective April 29, 2019. These entities are now part of the SUNU Group and will change their name to become SUNU Assurance upon receipt of regulatory approvals for the name change.
Allianz appoints new CEO to drive life operations in Ghana
Allianz has appointed Gideon Ataraire as Chief Executive Officer of Allianz Life Ghana. Gideon brings years of experience to the company and has a proven record of taking customer-centric companies like Allianz Life Ghana to the next level. Until this move, he was the Head of Human Resources and General Services at Allianz Nigeria.
Allianz Africa launches its core IT system transformation in Ghana
As part of its strategy, Allianz Africa is undergoing a deep operational transformation. First milestone is the set-up and rollout of a harmonized IT system across Africa. Allianz Ghana was selected and is in the process of the implementing the new system called Allianz Business System (ABS).
Allianz selects Abidjan as new strategic hub for its African operations
Allianz is to base its operational and underwriting activities in the economic capital of Ivory Coast. This is a key milestone in the major operational transformation launched in Africa by Allianz. The new hub will be headed by Delphine Traoré Maïdou, Regional Chief Operating Officer and Regional Executive Board member of Allianz Africa.
Allianz launches Emob, a new firm specializing in a business in sustainable mobility in Morocco
Emob, a joint-venture between Allianz SE and Moroccan industrial operator Imperium holding, has the ambition to turn Marrakesh into the main African platform for the sustainable mobility industry. As a first step toward this goal, Emob aims to put 20,000 electric motorbikes in circulation by 2021. To insure these vehicles, Allianz SE developed an exclusive and complete insurance solution through its subsidiary Allianz Maroc.
Appointment of new regional Head of Market Management reinforces Allianz business development strategy in Africa
Xavier Laurent will lead the newly created Market Management team of Allianz Africa as of January 1st, 2019. This strategic move is aligned with Allianz strong business ambitions in Africa. The new team will drive regional business growth and strengthen relationship with multinational clients and brokers.
Allianz Africa appoints Adja Samb as Chief Executive Officer of Allianz Senegal
Allianz Africa announced the appointment of Adja Samb as CEO of Allianz Senegal, effective January 1st, 2019. Till her appointment, Adja served as Head of Operations and Chief Marketing Officer at Allianz Morocco, a position she held from March 2015. Based in Dakar, she replaces Xavier Laurent who is taking on new responsibilities as Regional Head of Market Management. Adja will manage both life and non-life entities in Senegal and report to Coenraad Vrolijk, Regional Chief Executive Officer of Allianz Africa.
Allianz achieves operating profit of 3 bln euros in 3Q 2018
Internal revenue growth, which adjusts for currency and consolidation effects, amounted to 9.8 percent and was supported by all business segments. Total revenues increased by 7.9 percent to 30.5 billion euros.
Allianz to become worldwide Olympic insurance partner
The International Olympic Committee (IOC) and Allianz today announced that the insurer will join the ”Worldwide Olympic Partner” (TOP) Programme in 2021.
Allianz reports strong results for 2Q 2018 and confirms full-year outlook
After a successful start into 2018, Allianz Group continued to achieve good performance in the second quarter. Indicators remained close to or exceeded the second-quarter 2017 levels, despite burdens from geopolitical instabilities and currency fluctuations.
Allianz Group completes acquisition of Ensure Insurance in Nigeria
Allianz Group has announced the completion of the acquisition of 99.03 percent of the shares in Nigerian insurer Ensure Insurance plc from its core shareholder Greenoaks Global Holdings Ltd. (GGH). Ensure Insurance plc offers life and non-life insurance services and generated 18.2 million euros in gross premiums written in 2017.
Allianz Group acquires 8 percent stake in African Reinsurance Cor…
Allianz Group has signed an agreement to acquire 8 percent in Africa’s leading reinsurer Africa Re. Under the terms of the agreement, the total cash consideration payable at closing would amount to $81 million (or 69 million euros).
Allianz 1Q results signal good start into 2018, on track to meet targets
Allianz Group had a good start into 2018, posting a 6.8 percent rise in net income attributable to shareholders. Internal revenue growth, which adjusts for currency and consolidation effects, was 4.9 percent with positive contributions from all business segments. Total revenues increased 0.7 percent to 36.5 billion euros.
Allianz Africa moves underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan
Casablanca, Abidjan, Paris, April 18, 2018 – Allianz Africa Financial Services, Allianz Group’s Regional Company on the continent, has entirely moved its underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan with the appointment of Chaka Sougue and Arthur Yao.
Allianz Group reported strong results for the full year 2017 due largely to higher performance in Asset Management and Life and Health. Total revenues for the Group rose 3.0 percent to 126.1 billion euros for the year, driven by improvements in all business segments. Operating profit edged 0.4 percent higher to 11.1 billion euros in 2017, squarely in the upper half of the Group’s announced target range of 10.3 to 11.3 billion euros.
Allianz X invests $96.6 million in leading digital microinsurer B…
Allianz X, the digital investment unit of the Allianz Group, has announced a $96.6 million investment in BIMA, a leading digital microinsurer utilizing mobile technology to serve low-income customers in Africa, Asia and Latin America.
Africa poised to become digital insurance leader, says Allianz CEO Oliver Bäte
Oliver Bäte, CEO of Allianz SE, today opened the 44th annual Insurance Conference in Sun City, South Africa, with a keynote address on the conference theme "Disrupt, Debate, Deliver". In his speech, Bäte addressed the profound transformation of the insurance industry wrought by digitalization.
Allianz Risk Barometer 2020: Business interruption top peril for companies in Africa and the Middle East
9th annual survey on top business risks attracts record participation of 2,700+ experts from over 100 countries. Business interruption ranks as the top risk in Africa and the Middle East and is a key challenge with digitalization and civil unrest creating new causes of disruption and loss of income. Cyber incidents have become more damaging and expensive for companies – and often result in lawsuits and litigation after the event. Changes in legislation and regulation & climate change are increasing concerns for companies in the region.
Leadership changes at Allianz Cameroon and Allianz Ivory Coast
Olivier Malâtre is appointed CEO of Allianz Cameroon. He will succeed Frédéric Desprez, who will be taking a new position within Allianz to be announced at a later date. These changes will take effect on May 1, 2020, following a two month transition period. Mamadou Koné, currently CEO of Allianz Ivory Coast Life, will take over as CEO of Allianz Ivory Coast Non-Life. His appointment will be effective on March 1, 2020.
Allianz Africa launches regional insurance solution “Allianz Pan African Solutions”
Allianz Africa launches "Allianz Pan African Solutions", a new insurance solution for its corporate customers. With its extensive network and knowledge of the African market, Allianz Africa now offers a global range of property and casualty insurance in 49 countries across the continent. Corporate customers will benefit from unique insurance programs to consolidate their activities in several markets and thus optimize the financial management of their risks.
Allianz Africa enters a strategic partnership with Ethiopian Airlines
Allianz Africa and Ethiopian Airlines enter a strategic partnership which will see both companies collaborate in 5 countries: Cameroon, Congo, Ghana, Kenya and Nigeria.The members of the Ethiopian Airlines “ShebaMiles” Frequent Flyer program will now benefit from a variety of insurance products offered by Allianz Africa, including Home, Motor, Travel, Life and Health.
Allianz Africa was represented at the 24th Reinsurance Forum of the AIO (African Insurance Organization) that was held in Tunis on September 30th- October 1st. The event was organized under the theme: "The African (Re) insurance in the face of new regulatory challenges". Delphine Traoré, president of the AIO and COO of Allianz Africa underlined the need for a comprehensive regulatory environment .
During the 28th World Economic Forum on Africa, Delphine Traoré, Regional COO and Executive Board member of Allianz Africa participated to the "Executive Women's Lounge". Organized by the W Collective, this event offered a dedicated space to debate and to reflect on how can women be more included in the African corporate world. Delphine Traoré shared her experience and insights at one of these round tables with other prominent business women and leaders.
Allianz Africa announced the appointment of Allianz Africa Chief Operations Officer (COO), Delphine Traoré, as President of the African Insurance Organization (AIO) effective June 12, 2019. Delphine served as Vice President of the organization from 2018 and takes over from Managing Director of Ghana Union Assurance, Arethu Duku.
Allianz partners with the AIO at their 46th annual conference
Over a 1000 delegates from over 60 countries will be present at one of the largest insurance gatherings. The theme of the conference is Insurance penetration in Africa: “Insuring the uninsured”. Allianz to continue increasing insurance coverage for individuals and businesses in Africa through trusted and innovative solutions.
Allianz reports operating profit of 3.0 billion euros in 1Q 2019
Allianz Group continued its successful course from 2018 with a strong first quarter 2019. The results demonstrate the resilience of our business segments and continued progress in executing our Renewal Agenda. Internal revenue growth, which adjusts for currency and consolidation effects, was 7.5 percent. Total revenues grew 9.1 percent to 40.3 (2018: 36.9) billion euros.
Allianz subsidiaries in Benin, Burkina Faso, Mali and Togo are now part of SUNU Group
Allianz Africa sold its shares in five subsidiaries in Benin, Burkina Faso (Life/P&C), Mali and Togo to Sunu Group, effective April 29, 2019. These entities are now part of the SUNU Group and will change their name to become SUNU Assurance upon receipt of regulatory approvals for the name change.
Allianz appoints new CEO to drive life operations in Ghana
Allianz has appointed Gideon Ataraire as Chief Executive Officer of Allianz Life Ghana. Gideon brings years of experience to the company and has a proven record of taking customer-centric companies like Allianz Life Ghana to the next level. Until this move, he was the Head of Human Resources and General Services at Allianz Nigeria.
Allianz Africa launches its core IT system transformation in Ghana
As part of its strategy, Allianz Africa is undergoing a deep operational transformation. First milestone is the set-up and rollout of a harmonized IT system across Africa. Allianz Ghana was selected and is in the process of the implementing the new system called Allianz Business System (ABS).
Allianz selects Abidjan as new strategic hub for its African operations
Allianz is to base its operational and underwriting activities in the economic capital of Ivory Coast. This is a key milestone in the major operational transformation launched in Africa by Allianz. The new hub will be headed by Delphine Traoré Maïdou, Regional Chief Operating Officer and Regional Executive Board member of Allianz Africa.
Allianz launches Emob, a new firm specializing in a business in sustainable mobility in Morocco
Emob, a joint-venture between Allianz SE and Moroccan industrial operator Imperium holding, has the ambition to turn Marrakesh into the main African platform for the sustainable mobility industry. As a first step toward this goal, Emob aims to put 20,000 electric motorbikes in circulation by 2021. To insure these vehicles, Allianz SE developed an exclusive and complete insurance solution through its subsidiary Allianz Maroc.
Appointment of new regional Head of Market Management reinforces Allianz business development strategy in Africa
Xavier Laurent will lead the newly created Market Management team of Allianz Africa as of January 1st, 2019. This strategic move is aligned with Allianz strong business ambitions in Africa. The new team will drive regional business growth and strengthen relationship with multinational clients and brokers.
Allianz Africa appoints Adja Samb as Chief Executive Officer of Allianz Senegal
Allianz Africa announced the appointment of Adja Samb as CEO of Allianz Senegal, effective January 1st, 2019. Till her appointment, Adja served as Head of Operations and Chief Marketing Officer at Allianz Morocco, a position she held from March 2015. Based in Dakar, she replaces Xavier Laurent who is taking on new responsibilities as Regional Head of Market Management. Adja will manage both life and non-life entities in Senegal and report to Coenraad Vrolijk, Regional Chief Executive Officer of Allianz Africa.
Allianz achieves operating profit of 3 bln euros in 3Q 2018
Internal revenue growth, which adjusts for currency and consolidation effects, amounted to 9.8 percent and was supported by all business segments. Total revenues increased by 7.9 percent to 30.5 billion euros.
Allianz to become worldwide Olympic insurance partner
The International Olympic Committee (IOC) and Allianz today announced that the insurer will join the ”Worldwide Olympic Partner” (TOP) Programme in 2021.
Allianz reports strong results for 2Q 2018 and confirms full-year outlook
After a successful start into 2018, Allianz Group continued to achieve good performance in the second quarter. Indicators remained close to or exceeded the second-quarter 2017 levels, despite burdens from geopolitical instabilities and currency fluctuations.
Allianz Group completes acquisition of Ensure Insurance in Nigeria
Allianz Group has announced the completion of the acquisition of 99.03 percent of the shares in Nigerian insurer Ensure Insurance plc from its core shareholder Greenoaks Global Holdings Ltd. (GGH). Ensure Insurance plc offers life and non-life insurance services and generated 18.2 million euros in gross premiums written in 2017.
Allianz Group acquires 8 percent stake in African Reinsurance Cor…
Allianz Group has signed an agreement to acquire 8 percent in Africa’s leading reinsurer Africa Re. Under the terms of the agreement, the total cash consideration payable at closing would amount to $81 million (or 69 million euros).
Allianz 1Q results signal good start into 2018, on track to meet targets
Allianz Group had a good start into 2018, posting a 6.8 percent rise in net income attributable to shareholders. Internal revenue growth, which adjusts for currency and consolidation effects, was 4.9 percent with positive contributions from all business segments. Total revenues increased 0.7 percent to 36.5 billion euros.
Allianz Africa moves underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan
Casablanca, Abidjan, Paris, April 18, 2018 – Allianz Africa Financial Services, Allianz Group’s Regional Company on the continent, has entirely moved its underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan with the appointment of Chaka Sougue and Arthur Yao.
Allianz Group reported strong results for the full year 2017 due largely to higher performance in Asset Management and Life and Health. Total revenues for the Group rose 3.0 percent to 126.1 billion euros for the year, driven by improvements in all business segments. Operating profit edged 0.4 percent higher to 11.1 billion euros in 2017, squarely in the upper half of the Group’s announced target range of 10.3 to 11.3 billion euros.
Allianz X invests $96.6 million in leading digital microinsurer B…
Allianz X, the digital investment unit of the Allianz Group, has announced a $96.6 million investment in BIMA, a leading digital microinsurer utilizing mobile technology to serve low-income customers in Africa, Asia and Latin America.
Africa poised to become digital insurance leader, says Allianz CEO Oliver Bäte
Oliver Bäte, CEO of Allianz SE, today opened the 44th annual Insurance Conference in Sun City, South Africa, with a keynote address on the conference theme "Disrupt, Debate, Deliver". In his speech, Bäte addressed the profound transformation of the insurance industry wrought by digitalization.
Allianz Risk Barometer 2020: Business interruption top peril for companies in Africa and the Middle East
9th annual survey on top business risks attracts record participation of 2,700+ experts from over 100 countries. Business interruption ranks as the top risk in Africa and the Middle East and is a key challenge with digitalization and civil unrest creating new causes of disruption and loss of income. Cyber incidents have become more damaging and expensive for companies – and often result in lawsuits and litigation after the event. Changes in legislation and regulation & climate change are increasing concerns for companies in the region.
Leadership changes at Allianz Cameroon and Allianz Ivory Coast
Olivier Malâtre is appointed CEO of Allianz Cameroon. He will succeed Frédéric Desprez, who will be taking a new position within Allianz to be announced at a later date. These changes will take effect on May 1, 2020, following a two month transition period. Mamadou Koné, currently CEO of Allianz Ivory Coast Life, will take over as CEO of Allianz Ivory Coast Non-Life. His appointment will be effective on March 1, 2020.
Allianz Africa launches regional insurance solution “Allianz Pan African Solutions”
Allianz Africa launches "Allianz Pan African Solutions", a new insurance solution for its corporate customers. With its extensive network and knowledge of the African market, Allianz Africa now offers a global range of property and casualty insurance in 49 countries across the continent. Corporate customers will benefit from unique insurance programs to consolidate their activities in several markets and thus optimize the financial management of their risks.
Allianz Africa enters a strategic partnership with Ethiopian Airlines
Allianz Africa and Ethiopian Airlines enter a strategic partnership which will see both companies collaborate in 5 countries: Cameroon, Congo, Ghana, Kenya and Nigeria.The members of the Ethiopian Airlines “ShebaMiles” Frequent Flyer program will now benefit from a variety of insurance products offered by Allianz Africa, including Home, Motor, Travel, Life and Health.
Allianz Africa was represented at the 24th Reinsurance Forum of the AIO (African Insurance Organization) that was held in Tunis on September 30th- October 1st. The event was organized under the theme: "The African (Re) insurance in the face of new regulatory challenges". Delphine Traoré, president of the AIO and COO of Allianz Africa underlined the need for a comprehensive regulatory environment .
During the 28th World Economic Forum on Africa, Delphine Traoré, Regional COO and Executive Board member of Allianz Africa participated to the "Executive Women's Lounge". Organized by the W Collective, this event offered a dedicated space to debate and to reflect on how can women be more included in the African corporate world. Delphine Traoré shared her experience and insights at one of these round tables with other prominent business women and leaders.
Allianz Africa announced the appointment of Allianz Africa Chief Operations Officer (COO), Delphine Traoré, as President of the African Insurance Organization (AIO) effective June 12, 2019. Delphine served as Vice President of the organization from 2018 and takes over from Managing Director of Ghana Union Assurance, Arethu Duku.
Allianz partners with the AIO at their 46th annual conference
Over a 1000 delegates from over 60 countries will be present at one of the largest insurance gatherings. The theme of the conference is Insurance penetration in Africa: “Insuring the uninsured”. Allianz to continue increasing insurance coverage for individuals and businesses in Africa through trusted and innovative solutions.
Allianz reports operating profit of 3.0 billion euros in 1Q 2019
Allianz Group continued its successful course from 2018 with a strong first quarter 2019. The results demonstrate the resilience of our business segments and continued progress in executing our Renewal Agenda. Internal revenue growth, which adjusts for currency and consolidation effects, was 7.5 percent. Total revenues grew 9.1 percent to 40.3 (2018: 36.9) billion euros.
Allianz subsidiaries in Benin, Burkina Faso, Mali and Togo are now part of SUNU Group
Allianz Africa sold its shares in five subsidiaries in Benin, Burkina Faso (Life/P&C), Mali and Togo to Sunu Group, effective April 29, 2019. These entities are now part of the SUNU Group and will change their name to become SUNU Assurance upon receipt of regulatory approvals for the name change.
Allianz appoints new CEO to drive life operations in Ghana
Allianz has appointed Gideon Ataraire as Chief Executive Officer of Allianz Life Ghana. Gideon brings years of experience to the company and has a proven record of taking customer-centric companies like Allianz Life Ghana to the next level. Until this move, he was the Head of Human Resources and General Services at Allianz Nigeria.
Allianz Africa launches its core IT system transformation in Ghana
As part of its strategy, Allianz Africa is undergoing a deep operational transformation. First milestone is the set-up and rollout of a harmonized IT system across Africa. Allianz Ghana was selected and is in the process of the implementing the new system called Allianz Business System (ABS).
Allianz selects Abidjan as new strategic hub for its African operations
Allianz is to base its operational and underwriting activities in the economic capital of Ivory Coast. This is a key milestone in the major operational transformation launched in Africa by Allianz. The new hub will be headed by Delphine Traoré Maïdou, Regional Chief Operating Officer and Regional Executive Board member of Allianz Africa.
Allianz launches Emob, a new firm specializing in a business in sustainable mobility in Morocco
Emob, a joint-venture between Allianz SE and Moroccan industrial operator Imperium holding, has the ambition to turn Marrakesh into the main African platform for the sustainable mobility industry. As a first step toward this goal, Emob aims to put 20,000 electric motorbikes in circulation by 2021. To insure these vehicles, Allianz SE developed an exclusive and complete insurance solution through its subsidiary Allianz Maroc.
Appointment of new regional Head of Market Management reinforces Allianz business development strategy in Africa
Xavier Laurent will lead the newly created Market Management team of Allianz Africa as of January 1st, 2019. This strategic move is aligned with Allianz strong business ambitions in Africa. The new team will drive regional business growth and strengthen relationship with multinational clients and brokers.
Allianz Africa appoints Adja Samb as Chief Executive Officer of Allianz Senegal
Allianz Africa announced the appointment of Adja Samb as CEO of Allianz Senegal, effective January 1st, 2019. Till her appointment, Adja served as Head of Operations and Chief Marketing Officer at Allianz Morocco, a position she held from March 2015. Based in Dakar, she replaces Xavier Laurent who is taking on new responsibilities as Regional Head of Market Management. Adja will manage both life and non-life entities in Senegal and report to Coenraad Vrolijk, Regional Chief Executive Officer of Allianz Africa.
Allianz achieves operating profit of 3 bln euros in 3Q 2018
Internal revenue growth, which adjusts for currency and consolidation effects, amounted to 9.8 percent and was supported by all business segments. Total revenues increased by 7.9 percent to 30.5 billion euros.
Allianz to become worldwide Olympic insurance partner
The International Olympic Committee (IOC) and Allianz today announced that the insurer will join the ”Worldwide Olympic Partner” (TOP) Programme in 2021.
Allianz reports strong results for 2Q 2018 and confirms full-year outlook
After a successful start into 2018, Allianz Group continued to achieve good performance in the second quarter. Indicators remained close to or exceeded the second-quarter 2017 levels, despite burdens from geopolitical instabilities and currency fluctuations.
Allianz Group completes acquisition of Ensure Insurance in Nigeria
Allianz Group has announced the completion of the acquisition of 99.03 percent of the shares in Nigerian insurer Ensure Insurance plc from its core shareholder Greenoaks Global Holdings Ltd. (GGH). Ensure Insurance plc offers life and non-life insurance services and generated 18.2 million euros in gross premiums written in 2017.
Allianz Group acquires 8 percent stake in African Reinsurance Cor…
Allianz Group has signed an agreement to acquire 8 percent in Africa’s leading reinsurer Africa Re. Under the terms of the agreement, the total cash consideration payable at closing would amount to $81 million (or 69 million euros).
Allianz 1Q results signal good start into 2018, on track to meet targets
Allianz Group had a good start into 2018, posting a 6.8 percent rise in net income attributable to shareholders. Internal revenue growth, which adjusts for currency and consolidation effects, was 4.9 percent with positive contributions from all business segments. Total revenues increased 0.7 percent to 36.5 billion euros.
Allianz Africa moves underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan
Casablanca, Abidjan, Paris, April 18, 2018 – Allianz Africa Financial Services, Allianz Group’s Regional Company on the continent, has entirely moved its underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan with the appointment of Chaka Sougue and Arthur Yao.
Allianz Group reported strong results for the full year 2017 due largely to higher performance in Asset Management and Life and Health. Total revenues for the Group rose 3.0 percent to 126.1 billion euros for the year, driven by improvements in all business segments. Operating profit edged 0.4 percent higher to 11.1 billion euros in 2017, squarely in the upper half of the Group’s announced target range of 10.3 to 11.3 billion euros.
Allianz X invests $96.6 million in leading digital microinsurer B…
Allianz X, the digital investment unit of the Allianz Group, has announced a $96.6 million investment in BIMA, a leading digital microinsurer utilizing mobile technology to serve low-income customers in Africa, Asia and Latin America.
Africa poised to become digital insurance leader, says Allianz CEO Oliver Bäte
Oliver Bäte, CEO of Allianz SE, today opened the 44th annual Insurance Conference in Sun City, South Africa, with a keynote address on the conference theme "Disrupt, Debate, Deliver". In his speech, Bäte addressed the profound transformation of the insurance industry wrought by digitalization.
Allianz Risk Barometer 2020: Business interruption top peril for companies in Africa and the Middle East
9th annual survey on top business risks attracts record participation of 2,700+ experts from over 100 countries. Business interruption ranks as the top risk in Africa and the Middle East and is a key challenge with digitalization and civil unrest creating new causes of disruption and loss of income. Cyber incidents have become more damaging and expensive for companies – and often result in lawsuits and litigation after the event. Changes in legislation and regulation & climate change are increasing concerns for companies in the region.
Leadership changes at Allianz Cameroon and Allianz Ivory Coast
Olivier Malâtre is appointed CEO of Allianz Cameroon. He will succeed Frédéric Desprez, who will be taking a new position within Allianz to be announced at a later date. These changes will take effect on May 1, 2020, following a two month transition period. Mamadou Koné, currently CEO of Allianz Ivory Coast Life, will take over as CEO of Allianz Ivory Coast Non-Life. His appointment will be effective on March 1, 2020.
Allianz Africa launches regional insurance solution “Allianz Pan African Solutions”
Allianz Africa launches "Allianz Pan African Solutions", a new insurance solution for its corporate customers. With its extensive network and knowledge of the African market, Allianz Africa now offers a global range of property and casualty insurance in 49 countries across the continent. Corporate customers will benefit from unique insurance programs to consolidate their activities in several markets and thus optimize the financial management of their risks.
Allianz Africa enters a strategic partnership with Ethiopian Airlines
Allianz Africa and Ethiopian Airlines enter a strategic partnership which will see both companies collaborate in 5 countries: Cameroon, Congo, Ghana, Kenya and Nigeria.The members of the Ethiopian Airlines “ShebaMiles” Frequent Flyer program will now benefit from a variety of insurance products offered by Allianz Africa, including Home, Motor, Travel, Life and Health.
Allianz Africa was represented at the 24th Reinsurance Forum of the AIO (African Insurance Organization) that was held in Tunis on September 30th- October 1st. The event was organized under the theme: "The African (Re) insurance in the face of new regulatory challenges". Delphine Traoré, president of the AIO and COO of Allianz Africa underlined the need for a comprehensive regulatory environment .
During the 28th World Economic Forum on Africa, Delphine Traoré, Regional COO and Executive Board member of Allianz Africa participated to the "Executive Women's Lounge". Organized by the W Collective, this event offered a dedicated space to debate and to reflect on how can women be more included in the African corporate world. Delphine Traoré shared her experience and insights at one of these round tables with other prominent business women and leaders.
Allianz Africa announced the appointment of Allianz Africa Chief Operations Officer (COO), Delphine Traoré, as President of the African Insurance Organization (AIO) effective June 12, 2019. Delphine served as Vice President of the organization from 2018 and takes over from Managing Director of Ghana Union Assurance, Arethu Duku.
Allianz partners with the AIO at their 46th annual conference
Over a 1000 delegates from over 60 countries will be present at one of the largest insurance gatherings. The theme of the conference is Insurance penetration in Africa: “Insuring the uninsured”. Allianz to continue increasing insurance coverage for individuals and businesses in Africa through trusted and innovative solutions.
Allianz reports operating profit of 3.0 billion euros in 1Q 2019
Allianz Group continued its successful course from 2018 with a strong first quarter 2019. The results demonstrate the resilience of our business segments and continued progress in executing our Renewal Agenda. Internal revenue growth, which adjusts for currency and consolidation effects, was 7.5 percent. Total revenues grew 9.1 percent to 40.3 (2018: 36.9) billion euros.
Allianz subsidiaries in Benin, Burkina Faso, Mali and Togo are now part of SUNU Group
Allianz Africa sold its shares in five subsidiaries in Benin, Burkina Faso (Life/P&C), Mali and Togo to Sunu Group, effective April 29, 2019. These entities are now part of the SUNU Group and will change their name to become SUNU Assurance upon receipt of regulatory approvals for the name change.
Allianz appoints new CEO to drive life operations in Ghana
Allianz has appointed Gideon Ataraire as Chief Executive Officer of Allianz Life Ghana. Gideon brings years of experience to the company and has a proven record of taking customer-centric companies like Allianz Life Ghana to the next level. Until this move, he was the Head of Human Resources and General Services at Allianz Nigeria.
Allianz Africa launches its core IT system transformation in Ghana
As part of its strategy, Allianz Africa is undergoing a deep operational transformation. First milestone is the set-up and rollout of a harmonized IT system across Africa. Allianz Ghana was selected and is in the process of the implementing the new system called Allianz Business System (ABS).
Allianz selects Abidjan as new strategic hub for its African operations
Allianz is to base its operational and underwriting activities in the economic capital of Ivory Coast. This is a key milestone in the major operational transformation launched in Africa by Allianz. The new hub will be headed by Delphine Traoré Maïdou, Regional Chief Operating Officer and Regional Executive Board member of Allianz Africa.
Allianz launches Emob, a new firm specializing in a business in sustainable mobility in Morocco
Emob, a joint-venture between Allianz SE and Moroccan industrial operator Imperium holding, has the ambition to turn Marrakesh into the main African platform for the sustainable mobility industry. As a first step toward this goal, Emob aims to put 20,000 electric motorbikes in circulation by 2021. To insure these vehicles, Allianz SE developed an exclusive and complete insurance solution through its subsidiary Allianz Maroc.
Appointment of new regional Head of Market Management reinforces Allianz business development strategy in Africa
Xavier Laurent will lead the newly created Market Management team of Allianz Africa as of January 1st, 2019. This strategic move is aligned with Allianz strong business ambitions in Africa. The new team will drive regional business growth and strengthen relationship with multinational clients and brokers.
Allianz Africa appoints Adja Samb as Chief Executive Officer of Allianz Senegal
Allianz Africa announced the appointment of Adja Samb as CEO of Allianz Senegal, effective January 1st, 2019. Till her appointment, Adja served as Head of Operations and Chief Marketing Officer at Allianz Morocco, a position she held from March 2015. Based in Dakar, she replaces Xavier Laurent who is taking on new responsibilities as Regional Head of Market Management. Adja will manage both life and non-life entities in Senegal and report to Coenraad Vrolijk, Regional Chief Executive Officer of Allianz Africa.
Allianz achieves operating profit of 3 bln euros in 3Q 2018
Internal revenue growth, which adjusts for currency and consolidation effects, amounted to 9.8 percent and was supported by all business segments. Total revenues increased by 7.9 percent to 30.5 billion euros.
Allianz to become worldwide Olympic insurance partner
The International Olympic Committee (IOC) and Allianz today announced that the insurer will join the ”Worldwide Olympic Partner” (TOP) Programme in 2021.
Allianz reports strong results for 2Q 2018 and confirms full-year outlook
After a successful start into 2018, Allianz Group continued to achieve good performance in the second quarter. Indicators remained close to or exceeded the second-quarter 2017 levels, despite burdens from geopolitical instabilities and currency fluctuations.
Allianz Group completes acquisition of Ensure Insurance in Nigeria
Allianz Group has announced the completion of the acquisition of 99.03 percent of the shares in Nigerian insurer Ensure Insurance plc from its core shareholder Greenoaks Global Holdings Ltd. (GGH). Ensure Insurance plc offers life and non-life insurance services and generated 18.2 million euros in gross premiums written in 2017.
Allianz Group acquires 8 percent stake in African Reinsurance Cor…
Allianz Group has signed an agreement to acquire 8 percent in Africa’s leading reinsurer Africa Re. Under the terms of the agreement, the total cash consideration payable at closing would amount to $81 million (or 69 million euros).
Allianz 1Q results signal good start into 2018, on track to meet targets
Allianz Group had a good start into 2018, posting a 6.8 percent rise in net income attributable to shareholders. Internal revenue growth, which adjusts for currency and consolidation effects, was 4.9 percent with positive contributions from all business segments. Total revenues increased 0.7 percent to 36.5 billion euros.
Allianz Africa moves underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan
Casablanca, Abidjan, Paris, April 18, 2018 – Allianz Africa Financial Services, Allianz Group’s Regional Company on the continent, has entirely moved its underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan with the appointment of Chaka Sougue and Arthur Yao.
Allianz Group reported strong results for the full year 2017 due largely to higher performance in Asset Management and Life and Health. Total revenues for the Group rose 3.0 percent to 126.1 billion euros for the year, driven by improvements in all business segments. Operating profit edged 0.4 percent higher to 11.1 billion euros in 2017, squarely in the upper half of the Group’s announced target range of 10.3 to 11.3 billion euros.
Allianz X invests $96.6 million in leading digital microinsurer B…
Allianz X, the digital investment unit of the Allianz Group, has announced a $96.6 million investment in BIMA, a leading digital microinsurer utilizing mobile technology to serve low-income customers in Africa, Asia and Latin America.
Africa poised to become digital insurance leader, says Allianz CEO Oliver Bäte
Oliver Bäte, CEO of Allianz SE, today opened the 44th annual Insurance Conference in Sun City, South Africa, with a keynote address on the conference theme "Disrupt, Debate, Deliver". In his speech, Bäte addressed the profound transformation of the insurance industry wrought by digitalization.
Allianz Risk Barometer 2020: Business interruption top peril for companies in Africa and the Middle East
9th annual survey on top business risks attracts record participation of 2,700+ experts from over 100 countries. Business interruption ranks as the top risk in Africa and the Middle East and is a key challenge with digitalization and civil unrest creating new causes of disruption and loss of income. Cyber incidents have become more damaging and expensive for companies – and often result in lawsuits and litigation after the event. Changes in legislation and regulation & climate change are increasing concerns for companies in the region.
Leadership changes at Allianz Cameroon and Allianz Ivory Coast
Olivier Malâtre is appointed CEO of Allianz Cameroon. He will succeed Frédéric Desprez, who will be taking a new position within Allianz to be announced at a later date. These changes will take effect on May 1, 2020, following a two month transition period. Mamadou Koné, currently CEO of Allianz Ivory Coast Life, will take over as CEO of Allianz Ivory Coast Non-Life. His appointment will be effective on March 1, 2020.
Allianz Africa launches regional insurance solution “Allianz Pan African Solutions”
Allianz Africa launches "Allianz Pan African Solutions", a new insurance solution for its corporate customers. With its extensive network and knowledge of the African market, Allianz Africa now offers a global range of property and casualty insurance in 49 countries across the continent. Corporate customers will benefit from unique insurance programs to consolidate their activities in several markets and thus optimize the financial management of their risks.
Allianz Africa enters a strategic partnership with Ethiopian Airlines
Allianz Africa and Ethiopian Airlines enter a strategic partnership which will see both companies collaborate in 5 countries: Cameroon, Congo, Ghana, Kenya and Nigeria.The members of the Ethiopian Airlines “ShebaMiles” Frequent Flyer program will now benefit from a variety of insurance products offered by Allianz Africa, including Home, Motor, Travel, Life and Health.
Allianz Africa was represented at the 24th Reinsurance Forum of the AIO (African Insurance Organization) that was held in Tunis on September 30th- October 1st. The event was organized under the theme: "The African (Re) insurance in the face of new regulatory challenges". Delphine Traoré, president of the AIO and COO of Allianz Africa underlined the need for a comprehensive regulatory environment .
During the 28th World Economic Forum on Africa, Delphine Traoré, Regional COO and Executive Board member of Allianz Africa participated to the "Executive Women's Lounge". Organized by the W Collective, this event offered a dedicated space to debate and to reflect on how can women be more included in the African corporate world. Delphine Traoré shared her experience and insights at one of these round tables with other prominent business women and leaders.
Allianz Africa announced the appointment of Allianz Africa Chief Operations Officer (COO), Delphine Traoré, as President of the African Insurance Organization (AIO) effective June 12, 2019. Delphine served as Vice President of the organization from 2018 and takes over from Managing Director of Ghana Union Assurance, Arethu Duku.
Allianz partners with the AIO at their 46th annual conference
Over a 1000 delegates from over 60 countries will be present at one of the largest insurance gatherings. The theme of the conference is Insurance penetration in Africa: “Insuring the uninsured”. Allianz to continue increasing insurance coverage for individuals and businesses in Africa through trusted and innovative solutions.
Allianz reports operating profit of 3.0 billion euros in 1Q 2019
Allianz Group continued its successful course from 2018 with a strong first quarter 2019. The results demonstrate the resilience of our business segments and continued progress in executing our Renewal Agenda. Internal revenue growth, which adjusts for currency and consolidation effects, was 7.5 percent. Total revenues grew 9.1 percent to 40.3 (2018: 36.9) billion euros.
Allianz subsidiaries in Benin, Burkina Faso, Mali and Togo are now part of SUNU Group
Allianz Africa sold its shares in five subsidiaries in Benin, Burkina Faso (Life/P&C), Mali and Togo to Sunu Group, effective April 29, 2019. These entities are now part of the SUNU Group and will change their name to become SUNU Assurance upon receipt of regulatory approvals for the name change.
Allianz appoints new CEO to drive life operations in Ghana
Allianz has appointed Gideon Ataraire as Chief Executive Officer of Allianz Life Ghana. Gideon brings years of experience to the company and has a proven record of taking customer-centric companies like Allianz Life Ghana to the next level. Until this move, he was the Head of Human Resources and General Services at Allianz Nigeria.
Allianz Africa launches its core IT system transformation in Ghana
As part of its strategy, Allianz Africa is undergoing a deep operational transformation. First milestone is the set-up and rollout of a harmonized IT system across Africa. Allianz Ghana was selected and is in the process of the implementing the new system called Allianz Business System (ABS).
Allianz selects Abidjan as new strategic hub for its African operations
Allianz is to base its operational and underwriting activities in the economic capital of Ivory Coast. This is a key milestone in the major operational transformation launched in Africa by Allianz. The new hub will be headed by Delphine Traoré Maïdou, Regional Chief Operating Officer and Regional Executive Board member of Allianz Africa.
Allianz launches Emob, a new firm specializing in a business in sustainable mobility in Morocco
Emob, a joint-venture between Allianz SE and Moroccan industrial operator Imperium holding, has the ambition to turn Marrakesh into the main African platform for the sustainable mobility industry. As a first step toward this goal, Emob aims to put 20,000 electric motorbikes in circulation by 2021. To insure these vehicles, Allianz SE developed an exclusive and complete insurance solution through its subsidiary Allianz Maroc.
Appointment of new regional Head of Market Management reinforces Allianz business development strategy in Africa
Xavier Laurent will lead the newly created Market Management team of Allianz Africa as of January 1st, 2019. This strategic move is aligned with Allianz strong business ambitions in Africa. The new team will drive regional business growth and strengthen relationship with multinational clients and brokers.
Allianz Africa appoints Adja Samb as Chief Executive Officer of Allianz Senegal
Allianz Africa announced the appointment of Adja Samb as CEO of Allianz Senegal, effective January 1st, 2019. Till her appointment, Adja served as Head of Operations and Chief Marketing Officer at Allianz Morocco, a position she held from March 2015. Based in Dakar, she replaces Xavier Laurent who is taking on new responsibilities as Regional Head of Market Management. Adja will manage both life and non-life entities in Senegal and report to Coenraad Vrolijk, Regional Chief Executive Officer of Allianz Africa.
Allianz achieves operating profit of 3 bln euros in 3Q 2018
Internal revenue growth, which adjusts for currency and consolidation effects, amounted to 9.8 percent and was supported by all business segments. Total revenues increased by 7.9 percent to 30.5 billion euros.
Allianz to become worldwide Olympic insurance partner
The International Olympic Committee (IOC) and Allianz today announced that the insurer will join the ”Worldwide Olympic Partner” (TOP) Programme in 2021.
Allianz reports strong results for 2Q 2018 and confirms full-year outlook
After a successful start into 2018, Allianz Group continued to achieve good performance in the second quarter. Indicators remained close to or exceeded the second-quarter 2017 levels, despite burdens from geopolitical instabilities and currency fluctuations.
Allianz Group completes acquisition of Ensure Insurance in Nigeria
Allianz Group has announced the completion of the acquisition of 99.03 percent of the shares in Nigerian insurer Ensure Insurance plc from its core shareholder Greenoaks Global Holdings Ltd. (GGH). Ensure Insurance plc offers life and non-life insurance services and generated 18.2 million euros in gross premiums written in 2017.
Allianz Group acquires 8 percent stake in African Reinsurance Cor…
Allianz Group has signed an agreement to acquire 8 percent in Africa’s leading reinsurer Africa Re. Under the terms of the agreement, the total cash consideration payable at closing would amount to $81 million (or 69 million euros).
Allianz 1Q results signal good start into 2018, on track to meet targets
Allianz Group had a good start into 2018, posting a 6.8 percent rise in net income attributable to shareholders. Internal revenue growth, which adjusts for currency and consolidation effects, was 4.9 percent with positive contributions from all business segments. Total revenues increased 0.7 percent to 36.5 billion euros.
Allianz Africa moves underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan
Casablanca, Abidjan, Paris, April 18, 2018 – Allianz Africa Financial Services, Allianz Group’s Regional Company on the continent, has entirely moved its underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan with the appointment of Chaka Sougue and Arthur Yao.
Allianz Group reported strong results for the full year 2017 due largely to higher performance in Asset Management and Life and Health. Total revenues for the Group rose 3.0 percent to 126.1 billion euros for the year, driven by improvements in all business segments. Operating profit edged 0.4 percent higher to 11.1 billion euros in 2017, squarely in the upper half of the Group’s announced target range of 10.3 to 11.3 billion euros.
Allianz X invests $96.6 million in leading digital microinsurer B…
Allianz X, the digital investment unit of the Allianz Group, has announced a $96.6 million investment in BIMA, a leading digital microinsurer utilizing mobile technology to serve low-income customers in Africa, Asia and Latin America.
Africa poised to become digital insurance leader, says Allianz CEO Oliver Bäte
Oliver Bäte, CEO of Allianz SE, today opened the 44th annual Insurance Conference in Sun City, South Africa, with a keynote address on the conference theme "Disrupt, Debate, Deliver". In his speech, Bäte addressed the profound transformation of the insurance industry wrought by digitalization.
Allianz Risk Barometer 2020: Business interruption top peril for companies in Africa and the Middle East
9th annual survey on top business risks attracts record participation of 2,700+ experts from over 100 countries. Business interruption ranks as the top risk in Africa and the Middle East and is a key challenge with digitalization and civil unrest creating new causes of disruption and loss of income. Cyber incidents have become more damaging and expensive for companies – and often result in lawsuits and litigation after the event. Changes in legislation and regulation & climate change are increasing concerns for companies in the region.
Leadership changes at Allianz Cameroon and Allianz Ivory Coast
Olivier Malâtre is appointed CEO of Allianz Cameroon. He will succeed Frédéric Desprez, who will be taking a new position within Allianz to be announced at a later date. These changes will take effect on May 1, 2020, following a two month transition period. Mamadou Koné, currently CEO of Allianz Ivory Coast Life, will take over as CEO of Allianz Ivory Coast Non-Life. His appointment will be effective on March 1, 2020.
Allianz Africa launches regional insurance solution “Allianz Pan African Solutions”
Allianz Africa launches "Allianz Pan African Solutions", a new insurance solution for its corporate customers. With its extensive network and knowledge of the African market, Allianz Africa now offers a global range of property and casualty insurance in 49 countries across the continent. Corporate customers will benefit from unique insurance programs to consolidate their activities in several markets and thus optimize the financial management of their risks.
Allianz Africa enters a strategic partnership with Ethiopian Airlines
Allianz Africa and Ethiopian Airlines enter a strategic partnership which will see both companies collaborate in 5 countries: Cameroon, Congo, Ghana, Kenya and Nigeria.The members of the Ethiopian Airlines “ShebaMiles” Frequent Flyer program will now benefit from a variety of insurance products offered by Allianz Africa, including Home, Motor, Travel, Life and Health.
Allianz Africa was represented at the 24th Reinsurance Forum of the AIO (African Insurance Organization) that was held in Tunis on September 30th- October 1st. The event was organized under the theme: "The African (Re) insurance in the face of new regulatory challenges". Delphine Traoré, president of the AIO and COO of Allianz Africa underlined the need for a comprehensive regulatory environment .
During the 28th World Economic Forum on Africa, Delphine Traoré, Regional COO and Executive Board member of Allianz Africa participated to the "Executive Women's Lounge". Organized by the W Collective, this event offered a dedicated space to debate and to reflect on how can women be more included in the African corporate world. Delphine Traoré shared her experience and insights at one of these round tables with other prominent business women and leaders.
Allianz Africa announced the appointment of Allianz Africa Chief Operations Officer (COO), Delphine Traoré, as President of the African Insurance Organization (AIO) effective June 12, 2019. Delphine served as Vice President of the organization from 2018 and takes over from Managing Director of Ghana Union Assurance, Arethu Duku.
Allianz partners with the AIO at their 46th annual conference
Over a 1000 delegates from over 60 countries will be present at one of the largest insurance gatherings. The theme of the conference is Insurance penetration in Africa: “Insuring the uninsured”. Allianz to continue increasing insurance coverage for individuals and businesses in Africa through trusted and innovative solutions.
Allianz reports operating profit of 3.0 billion euros in 1Q 2019
Allianz Group continued its successful course from 2018 with a strong first quarter 2019. The results demonstrate the resilience of our business segments and continued progress in executing our Renewal Agenda. Internal revenue growth, which adjusts for currency and consolidation effects, was 7.5 percent. Total revenues grew 9.1 percent to 40.3 (2018: 36.9) billion euros.
Allianz subsidiaries in Benin, Burkina Faso, Mali and Togo are now part of SUNU Group
Allianz Africa sold its shares in five subsidiaries in Benin, Burkina Faso (Life/P&C), Mali and Togo to Sunu Group, effective April 29, 2019. These entities are now part of the SUNU Group and will change their name to become SUNU Assurance upon receipt of regulatory approvals for the name change.
Allianz appoints new CEO to drive life operations in Ghana
Allianz has appointed Gideon Ataraire as Chief Executive Officer of Allianz Life Ghana. Gideon brings years of experience to the company and has a proven record of taking customer-centric companies like Allianz Life Ghana to the next level. Until this move, he was the Head of Human Resources and General Services at Allianz Nigeria.
Allianz Africa launches its core IT system transformation in Ghana
As part of its strategy, Allianz Africa is undergoing a deep operational transformation. First milestone is the set-up and rollout of a harmonized IT system across Africa. Allianz Ghana was selected and is in the process of the implementing the new system called Allianz Business System (ABS).
Allianz selects Abidjan as new strategic hub for its African operations
Allianz is to base its operational and underwriting activities in the economic capital of Ivory Coast. This is a key milestone in the major operational transformation launched in Africa by Allianz. The new hub will be headed by Delphine Traoré Maïdou, Regional Chief Operating Officer and Regional Executive Board member of Allianz Africa.
Allianz launches Emob, a new firm specializing in a business in sustainable mobility in Morocco
Emob, a joint-venture between Allianz SE and Moroccan industrial operator Imperium holding, has the ambition to turn Marrakesh into the main African platform for the sustainable mobility industry. As a first step toward this goal, Emob aims to put 20,000 electric motorbikes in circulation by 2021. To insure these vehicles, Allianz SE developed an exclusive and complete insurance solution through its subsidiary Allianz Maroc.
Appointment of new regional Head of Market Management reinforces Allianz business development strategy in Africa
Xavier Laurent will lead the newly created Market Management team of Allianz Africa as of January 1st, 2019. This strategic move is aligned with Allianz strong business ambitions in Africa. The new team will drive regional business growth and strengthen relationship with multinational clients and brokers.
Allianz Africa appoints Adja Samb as Chief Executive Officer of Allianz Senegal
Allianz Africa announced the appointment of Adja Samb as CEO of Allianz Senegal, effective January 1st, 2019. Till her appointment, Adja served as Head of Operations and Chief Marketing Officer at Allianz Morocco, a position she held from March 2015. Based in Dakar, she replaces Xavier Laurent who is taking on new responsibilities as Regional Head of Market Management. Adja will manage both life and non-life entities in Senegal and report to Coenraad Vrolijk, Regional Chief Executive Officer of Allianz Africa.
Allianz achieves operating profit of 3 bln euros in 3Q 2018
Internal revenue growth, which adjusts for currency and consolidation effects, amounted to 9.8 percent and was supported by all business segments. Total revenues increased by 7.9 percent to 30.5 billion euros.
Allianz to become worldwide Olympic insurance partner
The International Olympic Committee (IOC) and Allianz today announced that the insurer will join the ”Worldwide Olympic Partner” (TOP) Programme in 2021.
Allianz reports strong results for 2Q 2018 and confirms full-year outlook
After a successful start into 2018, Allianz Group continued to achieve good performance in the second quarter. Indicators remained close to or exceeded the second-quarter 2017 levels, despite burdens from geopolitical instabilities and currency fluctuations.
Allianz Group completes acquisition of Ensure Insurance in Nigeria
Allianz Group has announced the completion of the acquisition of 99.03 percent of the shares in Nigerian insurer Ensure Insurance plc from its core shareholder Greenoaks Global Holdings Ltd. (GGH). Ensure Insurance plc offers life and non-life insurance services and generated 18.2 million euros in gross premiums written in 2017.
Allianz Group acquires 8 percent stake in African Reinsurance Cor…
Allianz Group has signed an agreement to acquire 8 percent in Africa’s leading reinsurer Africa Re. Under the terms of the agreement, the total cash consideration payable at closing would amount to $81 million (or 69 million euros).
Allianz 1Q results signal good start into 2018, on track to meet targets
Allianz Group had a good start into 2018, posting a 6.8 percent rise in net income attributable to shareholders. Internal revenue growth, which adjusts for currency and consolidation effects, was 4.9 percent with positive contributions from all business segments. Total revenues increased 0.7 percent to 36.5 billion euros.
Allianz Africa moves underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan
Casablanca, Abidjan, Paris, April 18, 2018 – Allianz Africa Financial Services, Allianz Group’s Regional Company on the continent, has entirely moved its underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan with the appointment of Chaka Sougue and Arthur Yao.
Allianz Group reported strong results for the full year 2017 due largely to higher performance in Asset Management and Life and Health. Total revenues for the Group rose 3.0 percent to 126.1 billion euros for the year, driven by improvements in all business segments. Operating profit edged 0.4 percent higher to 11.1 billion euros in 2017, squarely in the upper half of the Group’s announced target range of 10.3 to 11.3 billion euros.
Allianz X invests $96.6 million in leading digital microinsurer B…
Allianz X, the digital investment unit of the Allianz Group, has announced a $96.6 million investment in BIMA, a leading digital microinsurer utilizing mobile technology to serve low-income customers in Africa, Asia and Latin America.
Africa poised to become digital insurance leader, says Allianz CEO Oliver Bäte
Oliver Bäte, CEO of Allianz SE, today opened the 44th annual Insurance Conference in Sun City, South Africa, with a keynote address on the conference theme "Disrupt, Debate, Deliver". In his speech, Bäte addressed the profound transformation of the insurance industry wrought by digitalization.
Allianz Risk Barometer 2020: Business interruption top peril for companies in Africa and the Middle East
9th annual survey on top business risks attracts record participation of 2,700+ experts from over 100 countries. Business interruption ranks as the top risk in Africa and the Middle East and is a key challenge with digitalization and civil unrest creating new causes of disruption and loss of income. Cyber incidents have become more damaging and expensive for companies – and often result in lawsuits and litigation after the event. Changes in legislation and regulation & climate change are increasing concerns for companies in the region.
Leadership changes at Allianz Cameroon and Allianz Ivory Coast
Olivier Malâtre is appointed CEO of Allianz Cameroon. He will succeed Frédéric Desprez, who will be taking a new position within Allianz to be announced at a later date. These changes will take effect on May 1, 2020, following a two month transition period. Mamadou Koné, currently CEO of Allianz Ivory Coast Life, will take over as CEO of Allianz Ivory Coast Non-Life. His appointment will be effective on March 1, 2020.
Allianz Africa launches regional insurance solution “Allianz Pan African Solutions”
Allianz Africa launches "Allianz Pan African Solutions", a new insurance solution for its corporate customers. With its extensive network and knowledge of the African market, Allianz Africa now offers a global range of property and casualty insurance in 49 countries across the continent. Corporate customers will benefit from unique insurance programs to consolidate their activities in several markets and thus optimize the financial management of their risks.
Allianz Africa enters a strategic partnership with Ethiopian Airlines
Allianz Africa and Ethiopian Airlines enter a strategic partnership which will see both companies collaborate in 5 countries: Cameroon, Congo, Ghana, Kenya and Nigeria.The members of the Ethiopian Airlines “ShebaMiles” Frequent Flyer program will now benefit from a variety of insurance products offered by Allianz Africa, including Home, Motor, Travel, Life and Health.
Allianz Africa was represented at the 24th Reinsurance Forum of the AIO (African Insurance Organization) that was held in Tunis on September 30th- October 1st. The event was organized under the theme: "The African (Re) insurance in the face of new regulatory challenges". Delphine Traoré, president of the AIO and COO of Allianz Africa underlined the need for a comprehensive regulatory environment .
During the 28th World Economic Forum on Africa, Delphine Traoré, Regional COO and Executive Board member of Allianz Africa participated to the "Executive Women's Lounge". Organized by the W Collective, this event offered a dedicated space to debate and to reflect on how can women be more included in the African corporate world. Delphine Traoré shared her experience and insights at one of these round tables with other prominent business women and leaders.
Allianz Africa announced the appointment of Allianz Africa Chief Operations Officer (COO), Delphine Traoré, as President of the African Insurance Organization (AIO) effective June 12, 2019. Delphine served as Vice President of the organization from 2018 and takes over from Managing Director of Ghana Union Assurance, Arethu Duku.
Allianz partners with the AIO at their 46th annual conference
Over a 1000 delegates from over 60 countries will be present at one of the largest insurance gatherings. The theme of the conference is Insurance penetration in Africa: “Insuring the uninsured”. Allianz to continue increasing insurance coverage for individuals and businesses in Africa through trusted and innovative solutions.
Allianz reports operating profit of 3.0 billion euros in 1Q 2019
Allianz Group continued its successful course from 2018 with a strong first quarter 2019. The results demonstrate the resilience of our business segments and continued progress in executing our Renewal Agenda. Internal revenue growth, which adjusts for currency and consolidation effects, was 7.5 percent. Total revenues grew 9.1 percent to 40.3 (2018: 36.9) billion euros.
Allianz subsidiaries in Benin, Burkina Faso, Mali and Togo are now part of SUNU Group
Allianz Africa sold its shares in five subsidiaries in Benin, Burkina Faso (Life/P&C), Mali and Togo to Sunu Group, effective April 29, 2019. These entities are now part of the SUNU Group and will change their name to become SUNU Assurance upon receipt of regulatory approvals for the name change.
Allianz appoints new CEO to drive life operations in Ghana
Allianz has appointed Gideon Ataraire as Chief Executive Officer of Allianz Life Ghana. Gideon brings years of experience to the company and has a proven record of taking customer-centric companies like Allianz Life Ghana to the next level. Until this move, he was the Head of Human Resources and General Services at Allianz Nigeria.
Allianz Africa launches its core IT system transformation in Ghana
As part of its strategy, Allianz Africa is undergoing a deep operational transformation. First milestone is the set-up and rollout of a harmonized IT system across Africa. Allianz Ghana was selected and is in the process of the implementing the new system called Allianz Business System (ABS).
Allianz selects Abidjan as new strategic hub for its African operations
Allianz is to base its operational and underwriting activities in the economic capital of Ivory Coast. This is a key milestone in the major operational transformation launched in Africa by Allianz. The new hub will be headed by Delphine Traoré Maïdou, Regional Chief Operating Officer and Regional Executive Board member of Allianz Africa.
Allianz launches Emob, a new firm specializing in a business in sustainable mobility in Morocco
Emob, a joint-venture between Allianz SE and Moroccan industrial operator Imperium holding, has the ambition to turn Marrakesh into the main African platform for the sustainable mobility industry. As a first step toward this goal, Emob aims to put 20,000 electric motorbikes in circulation by 2021. To insure these vehicles, Allianz SE developed an exclusive and complete insurance solution through its subsidiary Allianz Maroc.
Appointment of new regional Head of Market Management reinforces Allianz business development strategy in Africa
Xavier Laurent will lead the newly created Market Management team of Allianz Africa as of January 1st, 2019. This strategic move is aligned with Allianz strong business ambitions in Africa. The new team will drive regional business growth and strengthen relationship with multinational clients and brokers.
Allianz Africa appoints Adja Samb as Chief Executive Officer of Allianz Senegal
Allianz Africa announced the appointment of Adja Samb as CEO of Allianz Senegal, effective January 1st, 2019. Till her appointment, Adja served as Head of Operations and Chief Marketing Officer at Allianz Morocco, a position she held from March 2015. Based in Dakar, she replaces Xavier Laurent who is taking on new responsibilities as Regional Head of Market Management. Adja will manage both life and non-life entities in Senegal and report to Coenraad Vrolijk, Regional Chief Executive Officer of Allianz Africa.
Allianz achieves operating profit of 3 bln euros in 3Q 2018
Internal revenue growth, which adjusts for currency and consolidation effects, amounted to 9.8 percent and was supported by all business segments. Total revenues increased by 7.9 percent to 30.5 billion euros.
Allianz to become worldwide Olympic insurance partner
The International Olympic Committee (IOC) and Allianz today announced that the insurer will join the ”Worldwide Olympic Partner” (TOP) Programme in 2021.
Allianz reports strong results for 2Q 2018 and confirms full-year outlook
After a successful start into 2018, Allianz Group continued to achieve good performance in the second quarter. Indicators remained close to or exceeded the second-quarter 2017 levels, despite burdens from geopolitical instabilities and currency fluctuations.
Allianz Group completes acquisition of Ensure Insurance in Nigeria
Allianz Group has announced the completion of the acquisition of 99.03 percent of the shares in Nigerian insurer Ensure Insurance plc from its core shareholder Greenoaks Global Holdings Ltd. (GGH). Ensure Insurance plc offers life and non-life insurance services and generated 18.2 million euros in gross premiums written in 2017.
Allianz Group acquires 8 percent stake in African Reinsurance Cor…
Allianz Group has signed an agreement to acquire 8 percent in Africa’s leading reinsurer Africa Re. Under the terms of the agreement, the total cash consideration payable at closing would amount to $81 million (or 69 million euros).
Allianz 1Q results signal good start into 2018, on track to meet targets
Allianz Group had a good start into 2018, posting a 6.8 percent rise in net income attributable to shareholders. Internal revenue growth, which adjusts for currency and consolidation effects, was 4.9 percent with positive contributions from all business segments. Total revenues increased 0.7 percent to 36.5 billion euros.
Allianz Africa moves underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan
Casablanca, Abidjan, Paris, April 18, 2018 – Allianz Africa Financial Services, Allianz Group’s Regional Company on the continent, has entirely moved its underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan with the appointment of Chaka Sougue and Arthur Yao.
Allianz Group reported strong results for the full year 2017 due largely to higher performance in Asset Management and Life and Health. Total revenues for the Group rose 3.0 percent to 126.1 billion euros for the year, driven by improvements in all business segments. Operating profit edged 0.4 percent higher to 11.1 billion euros in 2017, squarely in the upper half of the Group’s announced target range of 10.3 to 11.3 billion euros.
Allianz X invests $96.6 million in leading digital microinsurer B…
Allianz X, the digital investment unit of the Allianz Group, has announced a $96.6 million investment in BIMA, a leading digital microinsurer utilizing mobile technology to serve low-income customers in Africa, Asia and Latin America.
Africa poised to become digital insurance leader, says Allianz CEO Oliver Bäte
Oliver Bäte, CEO of Allianz SE, today opened the 44th annual Insurance Conference in Sun City, South Africa, with a keynote address on the conference theme "Disrupt, Debate, Deliver". In his speech, Bäte addressed the profound transformation of the insurance industry wrought by digitalization.
Allianz Risk Barometer 2020: Business interruption top peril for companies in Africa and the Middle East
9th annual survey on top business risks attracts record participation of 2,700+ experts from over 100 countries. Business interruption ranks as the top risk in Africa and the Middle East and is a key challenge with digitalization and civil unrest creating new causes of disruption and loss of income. Cyber incidents have become more damaging and expensive for companies – and often result in lawsuits and litigation after the event. Changes in legislation and regulation & climate change are increasing concerns for companies in the region.
Leadership changes at Allianz Cameroon and Allianz Ivory Coast
Olivier Malâtre is appointed CEO of Allianz Cameroon. He will succeed Frédéric Desprez, who will be taking a new position within Allianz to be announced at a later date. These changes will take effect on May 1, 2020, following a two month transition period. Mamadou Koné, currently CEO of Allianz Ivory Coast Life, will take over as CEO of Allianz Ivory Coast Non-Life. His appointment will be effective on March 1, 2020.
Allianz Africa launches regional insurance solution “Allianz Pan African Solutions”
Allianz Africa launches "Allianz Pan African Solutions", a new insurance solution for its corporate customers. With its extensive network and knowledge of the African market, Allianz Africa now offers a global range of property and casualty insurance in 49 countries across the continent. Corporate customers will benefit from unique insurance programs to consolidate their activities in several markets and thus optimize the financial management of their risks.
Allianz Africa enters a strategic partnership with Ethiopian Airlines
Allianz Africa and Ethiopian Airlines enter a strategic partnership which will see both companies collaborate in 5 countries: Cameroon, Congo, Ghana, Kenya and Nigeria.The members of the Ethiopian Airlines “ShebaMiles” Frequent Flyer program will now benefit from a variety of insurance products offered by Allianz Africa, including Home, Motor, Travel, Life and Health.
Allianz Africa was represented at the 24th Reinsurance Forum of the AIO (African Insurance Organization) that was held in Tunis on September 30th- October 1st. The event was organized under the theme: "The African (Re) insurance in the face of new regulatory challenges". Delphine Traoré, president of the AIO and COO of Allianz Africa underlined the need for a comprehensive regulatory environment .
During the 28th World Economic Forum on Africa, Delphine Traoré, Regional COO and Executive Board member of Allianz Africa participated to the "Executive Women's Lounge". Organized by the W Collective, this event offered a dedicated space to debate and to reflect on how can women be more included in the African corporate world. Delphine Traoré shared her experience and insights at one of these round tables with other prominent business women and leaders.
Allianz Africa announced the appointment of Allianz Africa Chief Operations Officer (COO), Delphine Traoré, as President of the African Insurance Organization (AIO) effective June 12, 2019. Delphine served as Vice President of the organization from 2018 and takes over from Managing Director of Ghana Union Assurance, Arethu Duku.
Allianz partners with the AIO at their 46th annual conference
Over a 1000 delegates from over 60 countries will be present at one of the largest insurance gatherings. The theme of the conference is Insurance penetration in Africa: “Insuring the uninsured”. Allianz to continue increasing insurance coverage for individuals and businesses in Africa through trusted and innovative solutions.
Allianz reports operating profit of 3.0 billion euros in 1Q 2019
Allianz Group continued its successful course from 2018 with a strong first quarter 2019. The results demonstrate the resilience of our business segments and continued progress in executing our Renewal Agenda. Internal revenue growth, which adjusts for currency and consolidation effects, was 7.5 percent. Total revenues grew 9.1 percent to 40.3 (2018: 36.9) billion euros.
Allianz subsidiaries in Benin, Burkina Faso, Mali and Togo are now part of SUNU Group
Allianz Africa sold its shares in five subsidiaries in Benin, Burkina Faso (Life/P&C), Mali and Togo to Sunu Group, effective April 29, 2019. These entities are now part of the SUNU Group and will change their name to become SUNU Assurance upon receipt of regulatory approvals for the name change.
Allianz appoints new CEO to drive life operations in Ghana
Allianz has appointed Gideon Ataraire as Chief Executive Officer of Allianz Life Ghana. Gideon brings years of experience to the company and has a proven record of taking customer-centric companies like Allianz Life Ghana to the next level. Until this move, he was the Head of Human Resources and General Services at Allianz Nigeria.
Allianz Africa launches its core IT system transformation in Ghana
As part of its strategy, Allianz Africa is undergoing a deep operational transformation. First milestone is the set-up and rollout of a harmonized IT system across Africa. Allianz Ghana was selected and is in the process of the implementing the new system called Allianz Business System (ABS).
Allianz selects Abidjan as new strategic hub for its African operations
Allianz is to base its operational and underwriting activities in the economic capital of Ivory Coast. This is a key milestone in the major operational transformation launched in Africa by Allianz. The new hub will be headed by Delphine Traoré Maïdou, Regional Chief Operating Officer and Regional Executive Board member of Allianz Africa.
Allianz launches Emob, a new firm specializing in a business in sustainable mobility in Morocco
Emob, a joint-venture between Allianz SE and Moroccan industrial operator Imperium holding, has the ambition to turn Marrakesh into the main African platform for the sustainable mobility industry. As a first step toward this goal, Emob aims to put 20,000 electric motorbikes in circulation by 2021. To insure these vehicles, Allianz SE developed an exclusive and complete insurance solution through its subsidiary Allianz Maroc.
Appointment of new regional Head of Market Management reinforces Allianz business development strategy in Africa
Xavier Laurent will lead the newly created Market Management team of Allianz Africa as of January 1st, 2019. This strategic move is aligned with Allianz strong business ambitions in Africa. The new team will drive regional business growth and strengthen relationship with multinational clients and brokers.
Allianz Africa appoints Adja Samb as Chief Executive Officer of Allianz Senegal
Allianz Africa announced the appointment of Adja Samb as CEO of Allianz Senegal, effective January 1st, 2019. Till her appointment, Adja served as Head of Operations and Chief Marketing Officer at Allianz Morocco, a position she held from March 2015. Based in Dakar, she replaces Xavier Laurent who is taking on new responsibilities as Regional Head of Market Management. Adja will manage both life and non-life entities in Senegal and report to Coenraad Vrolijk, Regional Chief Executive Officer of Allianz Africa.
Allianz achieves operating profit of 3 bln euros in 3Q 2018
Internal revenue growth, which adjusts for currency and consolidation effects, amounted to 9.8 percent and was supported by all business segments. Total revenues increased by 7.9 percent to 30.5 billion euros.
Allianz to become worldwide Olympic insurance partner
The International Olympic Committee (IOC) and Allianz today announced that the insurer will join the ”Worldwide Olympic Partner” (TOP) Programme in 2021.
Allianz reports strong results for 2Q 2018 and confirms full-year outlook
After a successful start into 2018, Allianz Group continued to achieve good performance in the second quarter. Indicators remained close to or exceeded the second-quarter 2017 levels, despite burdens from geopolitical instabilities and currency fluctuations.
Allianz Group completes acquisition of Ensure Insurance in Nigeria
Allianz Group has announced the completion of the acquisition of 99.03 percent of the shares in Nigerian insurer Ensure Insurance plc from its core shareholder Greenoaks Global Holdings Ltd. (GGH). Ensure Insurance plc offers life and non-life insurance services and generated 18.2 million euros in gross premiums written in 2017.
Allianz Group acquires 8 percent stake in African Reinsurance Cor…
Allianz Group has signed an agreement to acquire 8 percent in Africa’s leading reinsurer Africa Re. Under the terms of the agreement, the total cash consideration payable at closing would amount to $81 million (or 69 million euros).
Allianz 1Q results signal good start into 2018, on track to meet targets
Allianz Group had a good start into 2018, posting a 6.8 percent rise in net income attributable to shareholders. Internal revenue growth, which adjusts for currency and consolidation effects, was 4.9 percent with positive contributions from all business segments. Total revenues increased 0.7 percent to 36.5 billion euros.
Allianz Africa moves underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan
Casablanca, Abidjan, Paris, April 18, 2018 – Allianz Africa Financial Services, Allianz Group’s Regional Company on the continent, has entirely moved its underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan with the appointment of Chaka Sougue and Arthur Yao.
Allianz Group reported strong results for the full year 2017 due largely to higher performance in Asset Management and Life and Health. Total revenues for the Group rose 3.0 percent to 126.1 billion euros for the year, driven by improvements in all business segments. Operating profit edged 0.4 percent higher to 11.1 billion euros in 2017, squarely in the upper half of the Group’s announced target range of 10.3 to 11.3 billion euros.
Allianz X invests $96.6 million in leading digital microinsurer B…
Allianz X, the digital investment unit of the Allianz Group, has announced a $96.6 million investment in BIMA, a leading digital microinsurer utilizing mobile technology to serve low-income customers in Africa, Asia and Latin America.
Africa poised to become digital insurance leader, says Allianz CEO Oliver Bäte
Oliver Bäte, CEO of Allianz SE, today opened the 44th annual Insurance Conference in Sun City, South Africa, with a keynote address on the conference theme "Disrupt, Debate, Deliver". In his speech, Bäte addressed the profound transformation of the insurance industry wrought by digitalization.
Allianz Risk Barometer 2020: Business interruption top peril for companies in Africa and the Middle East
9th annual survey on top business risks attracts record participation of 2,700+ experts from over 100 countries. Business interruption ranks as the top risk in Africa and the Middle East and is a key challenge with digitalization and civil unrest creating new causes of disruption and loss of income. Cyber incidents have become more damaging and expensive for companies – and often result in lawsuits and litigation after the event. Changes in legislation and regulation & climate change are increasing concerns for companies in the region.
Leadership changes at Allianz Cameroon and Allianz Ivory Coast
Olivier Malâtre is appointed CEO of Allianz Cameroon. He will succeed Frédéric Desprez, who will be taking a new position within Allianz to be announced at a later date. These changes will take effect on May 1, 2020, following a two month transition period. Mamadou Koné, currently CEO of Allianz Ivory Coast Life, will take over as CEO of Allianz Ivory Coast Non-Life. His appointment will be effective on March 1, 2020.
Allianz Africa launches regional insurance solution “Allianz Pan African Solutions”
Allianz Africa launches "Allianz Pan African Solutions", a new insurance solution for its corporate customers. With its extensive network and knowledge of the African market, Allianz Africa now offers a global range of property and casualty insurance in 49 countries across the continent. Corporate customers will benefit from unique insurance programs to consolidate their activities in several markets and thus optimize the financial management of their risks.
Allianz Africa enters a strategic partnership with Ethiopian Airlines
Allianz Africa and Ethiopian Airlines enter a strategic partnership which will see both companies collaborate in 5 countries: Cameroon, Congo, Ghana, Kenya and Nigeria.The members of the Ethiopian Airlines “ShebaMiles” Frequent Flyer program will now benefit from a variety of insurance products offered by Allianz Africa, including Home, Motor, Travel, Life and Health.
Allianz Africa was represented at the 24th Reinsurance Forum of the AIO (African Insurance Organization) that was held in Tunis on September 30th- October 1st. The event was organized under the theme: "The African (Re) insurance in the face of new regulatory challenges". Delphine Traoré, president of the AIO and COO of Allianz Africa underlined the need for a comprehensive regulatory environment .
During the 28th World Economic Forum on Africa, Delphine Traoré, Regional COO and Executive Board member of Allianz Africa participated to the "Executive Women's Lounge". Organized by the W Collective, this event offered a dedicated space to debate and to reflect on how can women be more included in the African corporate world. Delphine Traoré shared her experience and insights at one of these round tables with other prominent business women and leaders.
Allianz Africa announced the appointment of Allianz Africa Chief Operations Officer (COO), Delphine Traoré, as President of the African Insurance Organization (AIO) effective June 12, 2019. Delphine served as Vice President of the organization from 2018 and takes over from Managing Director of Ghana Union Assurance, Arethu Duku.
Allianz partners with the AIO at their 46th annual conference
Over a 1000 delegates from over 60 countries will be present at one of the largest insurance gatherings. The theme of the conference is Insurance penetration in Africa: “Insuring the uninsured”. Allianz to continue increasing insurance coverage for individuals and businesses in Africa through trusted and innovative solutions.
Allianz reports operating profit of 3.0 billion euros in 1Q 2019
Allianz Group continued its successful course from 2018 with a strong first quarter 2019. The results demonstrate the resilience of our business segments and continued progress in executing our Renewal Agenda. Internal revenue growth, which adjusts for currency and consolidation effects, was 7.5 percent. Total revenues grew 9.1 percent to 40.3 (2018: 36.9) billion euros.
Allianz subsidiaries in Benin, Burkina Faso, Mali and Togo are now part of SUNU Group
Allianz Africa sold its shares in five subsidiaries in Benin, Burkina Faso (Life/P&C), Mali and Togo to Sunu Group, effective April 29, 2019. These entities are now part of the SUNU Group and will change their name to become SUNU Assurance upon receipt of regulatory approvals for the name change.
Allianz appoints new CEO to drive life operations in Ghana
Allianz has appointed Gideon Ataraire as Chief Executive Officer of Allianz Life Ghana. Gideon brings years of experience to the company and has a proven record of taking customer-centric companies like Allianz Life Ghana to the next level. Until this move, he was the Head of Human Resources and General Services at Allianz Nigeria.
Allianz Africa launches its core IT system transformation in Ghana
As part of its strategy, Allianz Africa is undergoing a deep operational transformation. First milestone is the set-up and rollout of a harmonized IT system across Africa. Allianz Ghana was selected and is in the process of the implementing the new system called Allianz Business System (ABS).
Allianz selects Abidjan as new strategic hub for its African operations
Allianz is to base its operational and underwriting activities in the economic capital of Ivory Coast. This is a key milestone in the major operational transformation launched in Africa by Allianz. The new hub will be headed by Delphine Traoré Maïdou, Regional Chief Operating Officer and Regional Executive Board member of Allianz Africa.
Allianz launches Emob, a new firm specializing in a business in sustainable mobility in Morocco
Emob, a joint-venture between Allianz SE and Moroccan industrial operator Imperium holding, has the ambition to turn Marrakesh into the main African platform for the sustainable mobility industry. As a first step toward this goal, Emob aims to put 20,000 electric motorbikes in circulation by 2021. To insure these vehicles, Allianz SE developed an exclusive and complete insurance solution through its subsidiary Allianz Maroc.
Appointment of new regional Head of Market Management reinforces Allianz business development strategy in Africa
Xavier Laurent will lead the newly created Market Management team of Allianz Africa as of January 1st, 2019. This strategic move is aligned with Allianz strong business ambitions in Africa. The new team will drive regional business growth and strengthen relationship with multinational clients and brokers.
Allianz Africa appoints Adja Samb as Chief Executive Officer of Allianz Senegal
Allianz Africa announced the appointment of Adja Samb as CEO of Allianz Senegal, effective January 1st, 2019. Till her appointment, Adja served as Head of Operations and Chief Marketing Officer at Allianz Morocco, a position she held from March 2015. Based in Dakar, she replaces Xavier Laurent who is taking on new responsibilities as Regional Head of Market Management. Adja will manage both life and non-life entities in Senegal and report to Coenraad Vrolijk, Regional Chief Executive Officer of Allianz Africa.
Allianz achieves operating profit of 3 bln euros in 3Q 2018
Internal revenue growth, which adjusts for currency and consolidation effects, amounted to 9.8 percent and was supported by all business segments. Total revenues increased by 7.9 percent to 30.5 billion euros.
Allianz to become worldwide Olympic insurance partner
The International Olympic Committee (IOC) and Allianz today announced that the insurer will join the ”Worldwide Olympic Partner” (TOP) Programme in 2021.
Allianz reports strong results for 2Q 2018 and confirms full-year outlook
After a successful start into 2018, Allianz Group continued to achieve good performance in the second quarter. Indicators remained close to or exceeded the second-quarter 2017 levels, despite burdens from geopolitical instabilities and currency fluctuations.
Allianz Group completes acquisition of Ensure Insurance in Nigeria
Allianz Group has announced the completion of the acquisition of 99.03 percent of the shares in Nigerian insurer Ensure Insurance plc from its core shareholder Greenoaks Global Holdings Ltd. (GGH). Ensure Insurance plc offers life and non-life insurance services and generated 18.2 million euros in gross premiums written in 2017.
Allianz Group acquires 8 percent stake in African Reinsurance Cor…
Allianz Group has signed an agreement to acquire 8 percent in Africa’s leading reinsurer Africa Re. Under the terms of the agreement, the total cash consideration payable at closing would amount to $81 million (or 69 million euros).
Allianz 1Q results signal good start into 2018, on track to meet targets
Allianz Group had a good start into 2018, posting a 6.8 percent rise in net income attributable to shareholders. Internal revenue growth, which adjusts for currency and consolidation effects, was 4.9 percent with positive contributions from all business segments. Total revenues increased 0.7 percent to 36.5 billion euros.
Allianz Africa moves underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan
Casablanca, Abidjan, Paris, April 18, 2018 – Allianz Africa Financial Services, Allianz Group’s Regional Company on the continent, has entirely moved its underwriting center of competence of Francophone Sub-Saharan Africa from Paris to Abidjan with the appointment of Chaka Sougue and Arthur Yao.
Allianz Group reported strong results for the full year 2017 due largely to higher performance in Asset Management and Life and Health. Total revenues for the Group rose 3.0 percent to 126.1 billion euros for the year, driven by improvements in all business segments. Operating profit edged 0.4 percent higher to 11.1 billion euros in 2017, squarely in the upper half of the Group’s announced target range of 10.3 to 11.3 billion euros.
Allianz X invests $96.6 million in leading digital microinsurer B…
Allianz X, the digital investment unit of the Allianz Group, has announced a $96.6 million investment in BIMA, a leading digital microinsurer utilizing mobile technology to serve low-income customers in Africa, Asia and Latin America.
Africa poised to become digital insurance leader, says Allianz CEO Oliver Bäte
Oliver Bäte, CEO of Allianz SE, today opened the 44th annual Insurance Conference in Sun City, South Africa, with a keynote address on the conference theme "Disrupt, Debate, Deliver". In his speech, Bäte addressed the profound transformation of the insurance industry wrought by digitalization.
