Allianz has received the International Corporation of the Year award at the fifth annual Africa CEO Forum held in Geneva.
Allianz employs more than 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 startups 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 International Corporation of the Year award recognises a company for achieving the most outstanding growth of its activities in Africa in a recent period, within criteria including number of growth operations in Africa in the past two years, number of African employees on the continent and corporate social responsibility activities.
The Africa CEO Forum brings together more than 1,000 CEOs of the largest African and international companies, policymakers and investors from 40-plus countries.
Coenraad Vrolijk, Regional CEO Africa at Allianz, said: "We are so honored that Allianz' commitment to Africa has been recognized 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."