We’ll make a difference in Africa — Insurance firm


Allianz Nigeria Insurance during the week said it had the right quality of expertise, experience, technology and manpower to make a difference in Nigeria and Africa.

The Managing Director of the firm, Mrs Adeolu Adewumi-Zer, said this in an interview wiith journalists in Lagos.

Adewumi-Zer said this would be possible following the firm’s years of experience and expertise in insurance technical matters.

“We are commited to drive insurance growth in Nigeria through innovative products, professional expertise and excellent service delivery with cutting-edge technology, to guarantee a sustainable future and prosperity for the people.

“ Allianz Nigeria is well positioned for profitability and growth and we are here to stay in order to expand the frontiers of insurance in Nigeria and Africa at large,” she said.

According to her, the underwriting firm is fully recapitalised to the tune of N18 billion as required by the National Insurance Commission (NAICOM).

The managing director stated that one of the missions of the company was to be a preferred insurer in Nigeria, Africa and globally in line with its recent joint venture collaboration with Sanlam.

She said the Allianz-Sanlam joint venture agreement was a long-term commitment that would engender positive growth in Africa.

Adewumi-Zer explained that the joint venture was part of the company’s plans to outperform the market by combining Allianz global expertise and capabilities and Sanlam deep local knowledge.

She said Allianz and Sanlam had agreed to combine their current and future operations across Africa to create the largest Pan-African non-banking financial services entity on the continent.

The joint venture allows Allianz to accelerate its growth by meaningfully expanding the local reach and market penetration while establishing leading positions in key growth markets.

“Allianz and Sanlam will leverage each other’s strengths to unlock synergies and provide clients with best-in-class, innovative insurance solutions and technical excellence and improving value creation for all stakeholders,” she said.

According to her, there are a lot of opportunities in Africa and the future of insurance business is in Africa and particularly Nigeria.

“ So if the future is Africa, the future is Nigeria, as you cannot have a strategy for Africa, if you do not take Nigeria seriously.