NAIROBI, Kenya, Nov 25 – Global insurance leader Allianz has opened its fifteenth Africa office in Kenya.
The insurer, which has been setting up operations and familiarising with the Kenyan environment over the past one year, said it had plans to tailor products to suit the Kenyan market at competitive rates.
Speaking at the launch, Allianz Kenya Chief Executive Officer, Demba Sy, said the presence of Allianz in Kenya will allow current and potential clients to gain access to the wide variety of product offerings with plans to expand in the regional 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 Demba.
The launch 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.
Allianz Africa CEO, Fredric Baccelli said the presence of Allianz in Kenya will allow current and potential clients to gain access to the wide variety of product offerings with plans to expand into the expansive regional market.
“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 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.
With an insurance market of Sh170 billion, Kenya provides a major growth opportunity in the fast developing market and an opening to the East African community.