Allianz Kenya Launch

News-

Allianz Insurance Company of Kenya, a subsidiary of Allianz Africa, is pleased to officially open its doors for business in Kenya. We unveiled Allianz Plaza on Riverside Driver as our Kenyan headquarters in an event attended by among others, the Treasury Cabinet Secretary Henry Rotich, IRA Acting CEO Godfrey Kiptum, Executive Director AKI Tom Gichuhi, and Allianz Africa Head, Frederic Baccelli. We are the latest entrant in the Kenyan insurance sector which currently has over 50 players.

During the event, our CEO Mr Demba Sy, stated that the company will initially focus on general insurance products. We have already started underwriting personal and business insurance. The personal insurance products offered by our company include private motor insurance and motorcycle insurance. Other personal insurance products on offer include home insurance and personal accident insurance.

On the business front, the company is offering motor commercial insurance, goods in transit insurance, and aviation insurance.

Our entry into the Kenyan market is bound to cause excitement in a sector that has been characterized by stiff competition. Our decision to enter this market underlines our faith in the Kenyan market and is a good sign that the Kenyan insurance sector is maturing. Current estimates indicate that insurance penetration in Kenya is at 3%, a far cry from more mature markets such as South Africa which has a 12 % penetration.

Read more about this launch:

  • German insurer Allianz enters Kenya, Saturday Nation26-Nov-2016. Click here to read
  • Global insurer Allianz sets up shop in Kenya, The People Daily, 28-Nov-2016Click here to read
  • Global insurer lands in Kenya, The People Daily, 30-Nov-2016Click here to read
  • Largest Global Insurer, Allianz, Ventures into Kenya, The Sunday Express, 27-Nov-2016Click here to read
  • Pictorial – New venture, Standard on Saturday, 26-Nov-2016Click here to read
  • Pictorial – Grand Opening, The People Daily, 28-Nov-2016Click here to read

 

View Videos of the Launch:

  • Insurance penetration still low in Kenya,  KBC Channel 1, 25-Nov-2016.  Click here to view
  • Allianz Insurance sets up office in Nairobi, KTN, 25-Nov-2016. Click here to view

 

Listen to Audio of the Launch: