HomeAboutTech & BusinessLIFESTYLEPhotography/FashionPOETRY Tech & Business Allianz Kenya to offer the new market tailored insurance products | opens shop November 25, 2016
Allianz Kenya, a renown insurance company launches its office in Nairobi. The company was founded in 1890 in Berlin, Germany as a transport and accident insurer and Allianz Group.
Allianz Kenya Chief Executive Officer, Mr. Demba Sy said that the company has now fully established its structures, and is progressively setting its footprints in the market.
“Allianz Kenya is focusing on accelerating organic business growth, while seeking to differentiate our service provision through quality service. We look forward to finally commence operations here. Kenya is full of promise”, said Mr. Demba.
The launch held in their new building was attended by key stakeholders in the insurance and financial industry who included, Cabinet Secretary National Treasury Honorable Henry Rotich, representatives of the Embassy in Kenya of the Federal republic of Germany and of the Embassy of France in Kenya, and the Insurance Regulatory Authority, Acting Commissioner of Insurance Godfrey Kiptum.
“On behalf of Allianz, we are excited and honored to have this opportunity to venture into the Kenyan market. Kenya is a vibrant market with opportunities that will see the growth of the insurance industry in the region,” said Allianz Africa CEO, Frederic Baccelli. “Having our offices officially opened today is the beginning of our relationship with current and potential customers. Kenya is a leading economy within the continent and Allianz’s operations here are aimed at ensuring that Kenya remains a leader on the continent” added Mr. Baccelli.
With a population of 45 million and a total market size of currently 1.7 billion U.S. dollars, Kenya provides a major growth opportunity in the fast developing market and an opening to the East African community. This new entity is therefore a milestone in the Allianz Group’s development strategy in Africa.
The company plans to have custom-made products to suit the Kenyan market. Their products range will have two key insurance solutions including, Personal Insurance Solutions (home insurance, car insurance and personal accident) and Business Insurance Solutions that include marine cargo insurance, business asset protection, covers for employees, liability insurance and specialty insurance offering a variety of products for potential customers to select from at competitive rates.
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