By “We are so honoured that Allianz’ commitment to Africa has been recognized with this award. Allianz has been in Africa for 105 years“… These were the words of Coenraad Vrolijk, Regional Chief Executive Officer as Allianz was announced as the International Corporation of the Year at the 5th Annual Africa CEO Forum..
The award ceremony was held on March 20th and 21st in Geneva, Switzerland.
And he added: “We invest in Africa and in our local teams because we believe in the huge growth potential that the continent, and its insurance market in particular, offers.”
Allianz employs over 1,500 people in 16 countries and accompanies its clients in 38 countries across Africa offering a comprehensive range of insurance, assistance, pension and savings products. In recent years, the global insurance company has launched start-ups in Ghana, Kenya and Congo Brazzaville while continuing to invest in its local companies.
In 2016, Allianz further stepped up its investment in the continent with the acquisition of Zurich Insurance Group’s business in Morocco. The company, renamed Allianz Maroc, is headquartered in Casablanca where it is building its regional hub for Africa to drive its future development in the region.
The ‘International Corporation of the Year’ award recognises a company for achieving the Most Outstanding Growth of its activities in Africa in a recent period. Award criteria include; number of growth operations in Africa in the past two years, number of presence in African countries, Africa’s share in total sales, number of African employees on the continent, Corporate Social Responsibility and Sustainability and innovation capacity.
The Africa CEO Forum brings together over one thousand CEOs of the largest African and international companies, policy makers and investors from over 40 countries.
