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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.”
He added: "Morocco is one of the most stable and dynamic economies in Africa, with an expanding regional role. Allianz will continue to invest in Morocco, to strengthen our market positions, but above all to be closer to our customers and the local business community. Allianz aims to be a major player in Africa’s economic growth by offering innovative insurance solutions and services for individuals and businesses."
The Allianz Group is one of the world's leading insurers and asset managers with more than 86 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing over 650 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.3 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold a leading position in the Dow Jones Sustainability Index. In 2016, over 140,000 employees in more than 70 countries achieved total revenue of 122 billion euros and an operating profit of 11 billion euros for the group.
Allianz Maroc relies on the dynamism of its 215 employees to serve more than 600,000 customers in Morocco, including thousands of professionals and companies through a broad network of 160 agents and direct points of sale, 100 brokers and other partners. Allianz is also present in Morocco with its trade credit insurer Euler Hermes Acmar. Find out more about Allianz Maroc on www.allianz.ma
In Africa, Allianz is currently present in 17 countries and accompanies clients in 38 countries. Its 1,500 employees achieved regional revenues of 600 million euros in 2016. Allianz also provides micro-insurance for 500,000 low income families and individuals in Africa.
CFCA is a public-private partnership dedicated to positioning Casablanca as an international economic and financial center and a premier gateway into African market for financial institutions, headquarters of multinational corporations and professional service firms. Casablanca Financial City Authority is empowered by law with the overall management and promotion of Casablanca Finance City.
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