Allianz Maroc targets double growth by 2021
Allianz Maroc, a member of the Allianz Group, has said that by 2021 it hope to become the benchmark in the Moroccan insurance market.
To achieve this, it said that it will strengthen its presence in the market and double its market share.
The company said in a statement on Monday that, “Maroc will further orient its offerings around multiple customer segments to provide more targeted and personalized value propositions. Offering superior service and tailored solutions to customers are among its top priorities”.
Allianz Maroc has been a member of the Allianz Group since November 3, 2016, following the acquisition of 98.9% of Zurich Assurances Maroc and after obtaining the relevant regulatory approvals. It began operations on January 30, 2017, under its new name, Allianz Maroc.
Being a member of the Allianz Group represents a real opportunity for the company.
“We are confident that we have all the means necessary to claim a greater position in the Moroccan insurance market and will continue to grow faster and in a sustainable way”, said Dirk De Nil, Chief Executive Officer of Allianz Maroc.
Morocco is an important growth market in Allianz’s strategy in Africa. The country has positioned itself as a hub for the continent. Hicham Raissi, Head of Allianz SE’s Business Divisions for Africa, MENA and India, explains, “Our investment in Morocco shows that we believe in the growth potential of the Moroccan insurance market. We will accompany our retail and business clients in Morocco and all over the world, while providing superior quality service”.
