Allianz seals pact with German business community to drive industry’s efficiency
Allianz Nigeria, the local operating entity of the global insurance giant, Allianz Group, has finalised plans to provide insurance and protection services to German nationals and businesses domiciled in Nigeria.
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.
To formalise the partnership arrangement, representatives of the Federal Republic of Germany, led by the German Ambassador to Nigeria, Dr. Bernhard Schlagheck, paid a visit to the executive and board of Allianz Nigeria.
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.
The Executive Officer, Allianz Nigeria, Owolabi Salami, remarked that whereas Germany and Nigeria have excellent bilateral 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.