Allianz counts on Africa

The portfolio is dominated by non life insurance with 87.2% of premiums versus 12.8% for life. Development potential remains high for a group that has 16 subsidiaries in 11 countries in Western and Central Africa. New products and distribution methods are currently under study to boost sales. The group prepares to target, among other sectors, microinsurance with a view to conquer low-income population and expand its customer base. Allianz Africa is already providing microinsurance solutions to 300 000 people, most of whom are located in Côte d' Ivoire.