Allianz Nigeria, local operating entity of global insurance giant, Allianz, has cemented a strategic partnership to provide insurance and protection services to German nationals and businesses domiciled in Nigeria. Representing the Federal Republic of Germany, the Ambassador to Nigeria, Bernhard Schlagheck, paid a visit to executives and board members of Allianz Nigeria last week.
It was a productive meeting as there were crucial deliberations on strategic plans for Allianz Nigeria to provide support for the German diaspora in Nigeria with attendant consequences on the Nigerian economy. The German industry is very active in Nigeria with a large number of small and medium sized German companies operating in the country.
Expressing these sentiments, Owolabi Salami, executive at Allianz Nigeria remarked that whereas Germany and Nigeria have excellent bi-lateral relations, there is ample opportunity to intensify and deepen the relations between both countries. “Germany and Nigeria are the largest national economies in their respective continents. Interestingly enough, Allianz, our parent company is native to Germany. By default then, securing the needs of German businesses and individuals in Nigeria is our serious responsibility”, he enthused.
The Allianz Group is one of the world’s leading insurers and asset managers with more than 92 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 around 673 billion euros on behalf of its insurance customers – while their asset managers PIMCO and Allianz Global Investors – manage an additional 1.4 trillion euros of third-party assets. Thanks to a systematic integration of ecological and social criteria in their business processes and investment decisions, the Allianz Group holds the leading position for insurers in the Dow Jones Sustainability Index. In 2018, over 142,000 employees in more than 70 countries achieved total revenues of 131 billion euros and an operating profit of 11.5 billion euros for the Group.
Modestus Anaesoronye
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