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 Group had a successful year in 2018 meeting its performance targets in all segments and maintaining a high level of capital strength. 

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.  

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 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.

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. 

The International Olympic Committee (IOC) and Allianz today announced that the insurer will join the ”Worldwide Olympic Partner” (TOP) Programme in 2021.

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 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 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 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.

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, 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.

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 strengthens its presence in Africa with the completion of the Zurich Assurances Maroc acquisition.