Allianz Insurance: We have no plan to leave Nigeria

Written by on April 12, 2022

Allianz Nigeria Insurance Limited has denied plans to exit Nigeria, as being speculated in some quarters, having invested heavily into its market.

According to NAN, this was made known by the Chief Executive Officer (CEO) of the insurance firm, Mrs Adeolu Adewumi-Zer, during an interview on the sideline of the launch of the insurer’s funeral insurance product on Monday in Lagos.

Adewumi-Zer said that the insurer intended to remain a trusted partner of Nigerians for life by adding value to its customers as it had done in other countries.

Adewunmi-Zer said the underwriting firm had penetrated the Nigerian corporate space and is focused on its retail market and the Small and Medium Enterprises (SMEs) to provide support.

She explained that Allianz Nigeria, a subsidiary of Allianz Group, one of the world’s largest insurers, managing around 809 billion euros on behalf of its insurance customers, had the capital to remain in the market for over 100 years.

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