News Highlights

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"Motor One" the new motor insurance program from Allianz Insurance Company - Egypt

Allianz - motor1news

October 2018 - Allianz announced the launch of a new motor insurance program with unique features and coverage to offer our customers a distinguished service quality.

Motor One offers premium services and coverage to our customers, such as availing an alternative car for the insured person during the repair time of the insured car, additional costs are such as deductibles or depreciation are not applied on claims to ensure an easy procedures for the client.

We are honored to introduce this distinguished product to the Egyptian market and it comes as an extension of the current Allianz motor insurance products to provide our clients with the best coverage confirming Allianz Egypt's leadership in this area.

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Allianz - unb2

Allianz Life Assurance Company - Egypt recently signed a Group Pension plan with The United Bank

October 2018 - Allianz has entered into a strategic partnership with The United Bank of Egypt by providing the bank's employees a Group Pension program. The United Bank's pension fund investment will be managed by EFG-Hermes Asset Management aiming to provide the Bank's employees with the best benefits.

Allianz - aman

Allianz Insures the Paralympic Players

November 2018 - Allianz has provided insurance certificates to the Paralympic champions participating in international tournaments in various games. Allianz continues to sponsor these champions under the sponsorship agreement Allianz and the Egyptian Paralympic Committee as the official insurance partner until Tokyo 2020 Olympic Games.

Allianz - expansion

Allinz aims to expand geographically with 15 branches by the end of 2018

May 2018 - Allianz aims to expand geographically to increase its current network of 11 branches by opening three more new branches by the end of 2018 to be more accessible to our customers. This is in addition to a dedicated building for archiving, as well as the revamping the existing branches in order to better serve our customers with the latest technologies.

Allianz News

Allianz Life Assurance Company will offer two new products after Financial Regulatory Authority approval

November 2018 - Ayman Hegazy, managing director of Allianz Life Assurance Company - Egypt, said that the company will launch a new micro insurance product and will cooperate with BIMA, which has a strong electronic infrastructure that will facilitate the collection and claims payment processes. We will begin with two new products by the beginning of 2019. The products are currently being reviewed by the Financial Regulatory Authority for approval. 

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Allianz Insurance begins an ambitious expansion plan in 2019

November 2018 - Mohamed Mahran, managing director of Allianz Insurance Company - Egypt said "The company intends to implement an ambitious expansion plan in 2019 by opening six new branches, in addition to the current eight branches, which represents a major expansionary trend for the German Insurance and Reinsurance Group. The company has succeeded in achieving significant growth rates over the last period and we are seeking to expand the medical insurance offerings through new products targeting both retail and corporate customers, as well as launching a new mobile application to complement the existing company's electronic customer portal.. 

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Allianz Life Assurance raised its total investment portfolio to EGP 9 Bn 

November 2018 - Ayman Hegazy, Managing Director of Allianz Life Assurance Company - Egypt, revealed that the company's total investment portfolio has increased to EGP 9 Bn.

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We aim to develop the company's technological infrastructure supported by Allianz International's expertise with 200% solvency ratio

November 2018 - Ayman Hegazy, Managing Director of Allianz Life Assurance Company - Egypt, revealed the company's strategy for the next phase to expand its business in the Egyptian market through four main axes, the digital and technological transformation of the services provided to customers, the expansion of the company's agreements in the bancassurance sector, the development of the marketing channels of the company and increasing its geographical network, in addition to regularly measure the customers' satisfaction. 

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Allianz Insurance Company - Egypt intends to offer its products through the branches of Credit Agricole Bank and Banque Misr

October 2018 - Mohamed Mahran, managing director of Allianz Insurance Company - Egypt, said that his company had addressed the Financial Regulatory Authority (FRA) and the Central Bank of Egypt (CBE) to obtain final approvals to promote its products through the branches of Banque Misr and Credit Agricole.

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Allianz Life Assurance Company achieved EGP 2 Bn. premiums during the last fiscal year

October 2018 - Ayman Hegazy, managing director of Allianz Life Assurance Company, revealed that the company achieved a premium portfolio of EGP 2 billion during the last fiscal year 2017-2018. 

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Allianz Life Assurance Company paid EGP 40 Mn insurance claims in 8 months

October 2018 - Ayman Hegazy, Managing Director of Allianz Life Assurance Company - Egypt, announced that the company has paid a total of EGP 40 million claims during the first eight months of this year. 

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Allianz Life Assurance Company insures the risk of stumbling to a public bank customers with a total of EGP 20 Bn

October 2018 - Ayman Hegazy, managing director of Allianz Life Assurance Company - Egypt, revealed that his company has contracted with a state bank to offer credit insurance for customers stumbling with personal loans and salary loans from this bank. 

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Allianz Insurance Company Egypt is second only to Misr Insurance

September 2018 - Mohamed Mahran, Managing Director of Allianz Insurance Company,  said that his company has been in the Egyptian market for 19 years and has offered outstanding products to the Egyptian insurance market. 

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Allianz to become Worldwide Olympic Insurance Partner

The International Olympic Committee (IOC) and Allianz announced that the insurer will join the “Worldwide Olympic Partner” (TOP) Programme in 2021. Through this sponsorship agreement, Allianz will work with the IOC to provide innovative and integrated insurance solutions to support the Olympic Movement, including the Organising Committees of the Olympic Games, with the ambition of providing those insurance solutions to the National Olympic Committees around the world and their Olympic teams and athletes.

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Allianz Insurance covers construction and engineering risks for the implementation of the New Grand Egyptian Museum

June 2018 - Sources in the insurance sector declared that Allianz Insurance Company is the insurance coverage provider for the construction and engineering risks of the Egyptian Grand Museum to cover the risks of contractors during the launch period, as well as cover the risks of installation, machines malfunction and all equipment used in the launch in addition to third party liability, and natural hazards.

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Allianz Life Assurance Company declared its dividends to be 11% for individuals and 11.5% for group policies

April 2018 - Allianz Life Assurance Company announced the dividend distribution of life insurance policies for the year 2017, which was added to the investment account of the life insurance policy holders. 

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The investment portfolio for Allianz Life Assurance Company - Egypt & Allianz Insurance Company - Egypt had increased to EGP 8.7 Bn

April 2018 - Mohamed Mahran, Managing Director of Allianz Insurance Company - Egypt, declared that the investment portfolio of Allianz Insurance Company & Allianz Life Assurance Company increased to EGP 8.7 Bn. 

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Allianz offers a group life insurance plan to Mido Trading employees

February 2018 - Allianz Life Assurance Company signed a group life insurance contract for 100 employees at Mido Trading Company - Illy Coffee brand agent. 

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Allianz Egypt signs an agreement with the Egyptian Paralympic Committee

January 2018 - Allianz Egypt - the leading insurance company signed today an agreement with the Egyptian Paralympic Committee to sponsor the Paralympic athletes during the next three years, up to Tokyo 2020. This agreement comes in line with President Abdel Fattah Al Sisi's announcement to declare 2018 the year of people with special needs.

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