Allianz Life Assurance Egypt Wins ‘Best Life Insurance Company – Egypt 2024’ Award
Cairo, Egypt – Allianz Life Assurance Egypt, an affiliate of SanlamAllianz Africa, has been honored with the ‘Best Life Insurance Company – Egypt 2024’ award by Global Business Outlook. This recognition acknowledges the company’s significant contributions to the Egyptian life insurance sector.
This award underscores Allianz Life Assurance Egypt’s dedication to developing innovative insurance solutions that meet evolving customer needs. The company’s efforts extend toward fostering insurance inclusion and supporting the broader Egyptian economy.
Allianz Life Assurance Egypt continues to strengthen its market position through strategic partnerships within bancassurance and insurance brokerage. Leveraging the expertise of industry professionals, the company aims to create value for its customers, reinforcing its status as a leading insurer in Egypt. Innovation and technology are at the core of the company’s growth strategy, enhancing customer experience through advanced digital solutions.
This progressive approach ensures efficient and accessible insurance services by improving operational performance and expanding distribution networks while providing easily accessible solutions. Additionally, Allianz Life Assurance Egypt actively supports local communities through environmentally and socially responsible practices that align with national goals. The company serves as a model in corporate social responsibility, reinforcing its role as a responsible investor across several sectors.
Notably, a report by APEX recognized Allianz Life Assurance Egypt among the top 150 insurance companies in the MENA region for profitability. Furthermore, the company ranked 19th in the regional life insurance market and 2nd locally. Allianz Life Assurance Egypt was also previously recognized as the ‘Best Insurance Company in Africa for 2022’ by the African Insurance Organization (AIO), in collaboration with Africa Re.
Over the past five years, the company has maintained its position as the second-largest life insurer in Egypt, according to the Financial Regulatory Authority (FRA), which underscores its strategic strength and market resilience.
About Allianz
Allianz Egypt is part of the SanlamAllianz Alliance. This alliance represents a strategic partnership between the Sanlam Group, Africa’s largest non-banking financial services company, and the Allianz Group, a multinational German insurance company. Their collaboration fuels the expansion strategies of both groups in the African market. The alliance shares the vision of driving growth and providing comprehensive insurance services to meet diverse client needs.
Established in 1976 as Arab International Insurance Company (AIIC), Allianz Egypt Insurance Company joined the Allianz Group in 2001. The company underwent restructuring in 2004 and adopted its current brand names: Allianz Insurance Company, offering Medical Insurance and Property & Casualty Insurance services, and Allianz Life Assurance Company, which provides life insurance services through a network of 19 branches and significant partnerships with major banks.
