Allianz Africa Opens a new Subsidiary in the Republic of Congo

PARIS, January 19, 2012/PRNewswire via African Press Organization (APO)/ — Allianz Congo Assurances becomes the 15th subsidiary of Allianz Africa

Allianz Africa, a subsidiary of Allianz Group dedicated to business in Africa, continues its development strategy in Africa and opens a new subsidiary in the Republic of Congo.

Allianz Congo Assurances has established its activity in Pointe -Noire, the business center of the country and proposes a wide range of insurance solutions to corporate customers – from small firms to big international groups – and to retail customers. A second office will open soon in the forthcoming months in Brazzaville, the political and administrative capital city of the country.

Allianz Africa is expanding its network in Africa with this new subsidiary in the Republic of Congo, whose economic growth is one of the most dynamic of sub-Saharan Africa and where the insurance sector is booming. The insurance market turnover in Congo, the 5th of the CIMA[1] area, has doubled since 2005, registering a 35% growth in 2009 compared to 2008.

Allianz Africa is one of the leaders in insurance services in 11 countries in Africa: Benin, Burkina Faso, Cameroun, Central Africa, Ivory Coast, Ghana, Madagascar, Mali, the Republic of Congo, Senegal and Togo.

Together with its customers and sales partners, Allianz is one of the strongest financial communities. More than 76 million private and corporate customers rely on Allianz’s knowledge, global reach, capital strength and solidity to help them make the most of financial opportunities and to avoid and safeguard themselves against risks.

Allianz France is a global insurer, strongly present on P&C business, Life Insurance and Health Insurance Market. Over 5.000 Tied-Agents and Advisors of its proprietary networks and by Brokers and Partners deliver a very closed and high-level advice to more than 5 millions customers.

Allianz France is Partner with the National Olympic Committee for French Sport (CNOSF) for 2012 Olympic Games.

1. CIMA, set up in 1992 according Yaounde Agreement, gathers 14 countries of the Franc area: Benin, Burkina Faso, Cameroun, Central Africa, Congo, Ivory Coast, Gabon, Guinee Equatoriale, Mali, Niger, Senegal, Tchad et Togo. Its mission is to create an integrated insurance market between its state members to develop it and to harmonize the different laws concerning insurance sector.

Source: Allianz France

Press contacts : Sophie Cadorel, +33-1-44-86-38-09, ; Agnès Miclo, +33-1-44-86-31-62,


Allianz France

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