Allianz CEO Oliver Bäte in Africa

Allianz has been granted the status of Casablanca Finance City (CFC) for Marofinac, the Group's financial services subsidiary in Africa. This step underlines the company's strategic vision to increase its presence in the Moroccan market and across the continent.
  

Allianz's regional Chief Executive Officer Africa, Coenraad Vrolijk, explained: "We are pleased to have joined Casablanca Finance City, the first financial center in Africa. The Allianz Group is strongly committed to Africa for the long-term. With Marofinac’s new CFC status, the set-up of our regional headquarters in Casablanca becomes fully operational and doing business in the region easier.”

Allianz Group has announced a binding agreement to acquire 98 percent of Nigerian insurer Ensure Insurance Plc from its core shareholder Greenoaks Global Holdings Ltd. Ensure Insurance offers life and non-life insurance services.

Oliver Bäte, CEO of Allianz SE, 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.

In Africa, where the Group is already present in 16 countries, Allianz will focus its digital activities on increasing customer reach in key growing markets, where insurance penetration is still low, and efficiency in markets with higher penetration.

“Insurance companies have much to offer to the African economy. Digitalization allows us to gain considerably better insights into our individual and institutional customers and thereby to better serve their needs. We believe deeply in Africa’s huge long-term growth potential and we will leverage our global footprint and extensive expertise to strengthen our market position and to attract African talent,” Bäte said.

Sunday Express, Kenya

The Business Daily, Kenya

The Business Daily, Kenya

Bettina Sattler
Allianz SE
Phone: +49 89 3800 16048

Send email