Allianz Egypt has a long, proud history in
Egypt. Formally Allianz Insurance Company and Allianz Life Assurance Company,
Allianz Egypt is the new name for Arab International Insurance. The latter was
established in 1976 as the first private, joint venture insurance company.
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In 2000, Allianz increased its ownership of Arab International Insurance from a
minority stake to an 80% majority. In doing so, it assumed management
responsibility and acquired major shareholding.
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In 2001, Arab International as a subsidiary of Allianz Group extended its
activities from the Freezone to the entire Egyptian territory, launching its
commercial and personal lines of products. This year as well witnessed the
launch of Arab International sister company "Arab International Life Assurance
Company".
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In 2004, Arab International becomes Allianz Egypt, a new identity that
represents a long and extensive knowledge of the Egyptian Insurance sector,
providing a comprehensive and integrated insurance service to businesses and
individuals who require the best of local know-how coupled with extensive
international expertise and experience.
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In 2006, Allianz Egypt was declared the #1 insurance company for life sales in
the country