Allianz seals pact with German business community to drive industry’s efficiency
ALLIANZ Nigeria, the local operating entity of global insurance giant, Allianz Group, has finalised plans to provide insurance and protection services to German nationals and businesses domiciled in Nigeria.
Allianz is one of the world’s largest investors, managing around 673 billion Euros on behalf of its insurance customers, while their asset managers PIMCO and Allianz Global
Investors, manage an additional 1.4 trillion Euros of third-party assets. To formalise the partnership arrangement, representatives of the Federal Republic of Germany, led by the German Ambassador to Nigeria, Dr. Bernhard Schlagheck, paid a visit to executive and board of Allianz Nigeria.
It was a productive meeting as there were crucial deliberations on strategic plans for Allianz Nigeria to provide support for the German diaspora in Nigeria with attendant consequences on the Nigerian economy.
The German industry is very active in Nigeria with a large number of small and medium sized German companies operating in the country.
The Executive Officer, Allianz Nigeria, Owolabi Salami, remarked that whereas Germany and Nigeria have excellent bilateral relations, there is ample opportunity to intensify and deepen the relations between both countries.
“Germany and Nigeria are the largest national economies in their respective continents. Interestingly enough, Allianz, our parent company, is native to Germany. By default then, securing the needs of German businesses and individuals in Nigeria is our serious responsibility”, he enthused.
THE Chartered Insurance Institute of Nigeria (CIIN) has kickstarted its mentoring programme for young insurance professionals, with the aim of developing prodigies that will sustain and take the industry to lofty heights.
The President of the CIIN, Eddie Efekoha, at the just concluded programme tagged, bootcamp for young professionals, at the College of Insurance and Financial Management (CIFM), in Ogun State, noted that with the programme, the industry has taken one more step in the quest to groom a new set of leaders.
“I feel a sense of pride and fulfilment today on this occasion, the first bootcamp for young professionals organised by the Institute in Nigeria under the mentorship pro
gram for young insurance professionals,” he said. He noted that the only thing constant about change is change itself, adding that the world is constantly changing, especially as it relates to the gadgets we use, social and economic trends, consumer behaviour and so many other things that govern everyday lives.
Efekoha posited that as professionals, there is a need to stay relevant in the midst of all disruptions, stressing that the only way to do this is to create a reputation that is synonymous with excellence, ingenuity and professionalism.
“To attain this profile is not easy, it takes a lot of sacrifice and today, you are making one of those sacrifices required to get to the top,” he added.