Egypt- Allianz Life Assurance sees 35% growth in FY 2019/20

Allianz Life Assurance Company – Egypt, part of Allianz Group, announced its financial results for fiscal year (FY) 2019/20, on Wednesday, revealing 35% growth. The company also reported 29% growth in its property and casualty (P & C) insurance sector.

Allianz in Egypt comprises Allianz Life Assurance Company – Egypt, and Allianz Insurance Company – Egypt.

The company has successfully prospered with its profitability, which has come despite the general economic repercussions of the novel coronavirus (COVID-19) pandemic.

Ayman Hegazy, Chairperson and CEO of Allianz Companies in Egypt, said, 'Since its inception in 1976, Allianz Egypt has never ceased to leverage its Customer Centricity strategy, constantly placing clients ahead.'


Source: menafn.com