Frontline risk consultancy group Allianz has received the ‘International Corporation of the Year’ award for the year 2017. It was bestowed with the honour at the 5th annual Africa CEO Forum held in Geneva, Switzerland, on March 20-21.

Coenraad Vrolijk, Regional CEO Africa at Allianz, said: “We are so honoured that Allianz’ commitment to Africa has been recognised with this award. Allianz has been in Africa for 105 years.”

“We invest in Africa and in our local teams because we believe in the huge growth potential that the continent, and its insurance market in particular, offers,” he added.

Allianz employs over 1,500 people in 16 countries and accompanies its clients in 38 countries across Africa offering a comprehensive range of insurance, assistance, pension and savings products.

In recent years, Allianz has launched start-ups in Ghana, Kenya and Congo Brazzaville while continuing to invest in its local companies. In 2016, Allianz further stepped up its investment in the continent with the acquisition of Zurich Insurance Group’s business in Morocco. The company, renamed Allianz Maroc, is headquartered in Casablanca where Allianz is building its regional hub for Africa to drive its future development in the region.

The ‘International Corporation of the Year’ award recognises a company for achieving the most outstanding growth of its activities in Africa in a recent period. Award criteria include:

•Number of growth operations in Africa in the past two years

•Number of African countries where the company is present

•Africa’s share in total sales

•Number of African employees on the continent

•Activities of Corporate Social Responsibility and sustainability

•Innovation capacity

The Africa CEO Forum brings together over one thousand CEOs of the largest African and international companies, policy makers and investors from over 40 countries.

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