Magazine date:
Oct 2015 Already present in eleven countries on the African continent, Allianz Africa has settled in Kenya. Active in life and property damage insurance, the new company will evolve in a market of 45 million inhabitants for a local insurance market estimated at 1.7 billion USD.
This new location represents an opportunity for the German insurance group to enter East Africa.
As a reminder, in 2014, Allianz Africa achieved a turnover of 152 million EUR (84.77 million USD).