We’re Creating The Environment For Insurance To Thrive – Dr Bawumia
The Vice President of the Republic, H.E. Dr Mahamudu Bawumia, has
assured of Government’s resolve to create an enabling environment for
businesses to grow and create avenues for employment.
The Nana Akufo-Addo government is therefore undertaking the necessary
structural and economic reforms in order to create a solid base for the
accelerated take off of the economy while maintaining macro stability.
Vice President Bawumia gave the assurance when Dr. Christof Mascher,
the Global Chief Operating Officer of global financial services provider
Allianz SE, and other senior management of the company paid a courtesy
call on him at the Jubilee House, Accra on Friday April 6, 2018.
The Allianz Group is a global financial services provider,
headquartered in Munich, Germany, with services predominantly in the
insurance and asset management business. As of 2014, it is the world’s
largest insurance company and the largest financial services company
with 86 million retail and corporate clients in more than 70
countries.
In Africa, Allianz is currently present in 17 countries and
accompanies clients in 38 countries. Allianz Ghana is a 100% wholly
owned subsidiary of Allianz Group which began operations in 2009
It currently has operations in 7 Regions in Ghana namely Greater
Accra, Ashanti, Western, Eastern, Northern, Volta and Brong – Ahafo.
“We are happy to see Allianz here; this is a good time to be in
Ghana,” Vice President Bawumia stated. “We want a growing and strong
economy, and this goes hand in hand with insurance.
“We remain committed to our resolve to make Ghana the most
business-friendly country in Africa, and we are working hard to put the
necessary building blocks in place. We have already implemented a
national digital property addressing system, our national ID card is
just about to be issued, financial interoperability, which will make
payments easier than ever, will be launched soon.
“Another important plank, the issue of land, is being addressed by a
task force. We intend to digitise land records and eventually create a
mortgage market and other financial instruments.
“So we expect you to expand your business and grow in Ghana.”
Dr Mascher indicated his company’s desire to learn from Ghana in its
global expansion drive, and outlined plans to further expand its
operations after it was granted the licence to offer Life Insurance
packages.
The Regional CEO for Africa, Dr. Coenraad Vrolijk, disclosed that as
part of Allianz’s Africa growth plans, a number of Africans including
Ghanaians, are being trained to undertake underwriting operations. This
is directly creating jobs, and will help push the company’s expansion
drive, he explained.
Dr. Christof Mascher was accompanied by Ms. Delphine Maidou Traore,
Regional COO, Africa; Mr. Arikal Pramod, Head of Technology, Allianz
Africa; Mr. Patrick Prado, CEO of Allianz Life Insurance Company of
Ghana; Mr. Darlington Munhwani, CEO of Allianz Insurance Company of
Ghana; Manja Kollmann (Executive Assistant to Group COO) and some
management staff of Allianz Insurance Ghana including Mr John Mensah,
Chief Operating Officer; Mr Isaac Adomako, Chief Finance Officer; and Mr
William Annor Adu, Head of Business Development.
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