As Allianz prepares to expand its presence in the East African insurance market – building on a solid foundation in Kenya and with the acquisition of the majority of shares in Jubilee General Insurance Company in Kenya, Tanzania, Uganda, Mauritius and Burundi – this event is the second of a series aiming at sharing with stakeholders pan-African solutions that the Allianz Group can offer through its footprint in Africa, by extending to the continent its expertise as a worldwide insurance leader.
Allianz Africa brought together agriculture and insurance experts such as Reto Schneider, regional head of agriculture at Allianz Re, Lovemore Forichi, senior underwriter of Agriculture at Allianz Re, Gregoire Tombez, CEO of WARM Consulting Group Ltd and co-founder of Green Triangle, Erastus Ndege Ochieng, asset manager, Agriculture Underwriting at Africa Re, Omondi Kasidhi, head, Sustainable Agriculture Sourcing of Diageo PLC and Delphine Traore, COO of Allianz Africa, to discuss the topic.
“There is an ever-increasing need to invest in agriculture, given the vital importance of agriculture as a food source, especially in view of the increase in global population”, declared Delphine
Traoré, to explain the interest of Allianz Africa for sustainability in the agricultural sector. Indeed, agriculture production makes up a substantial portion of the continent’s GDP in Africa, yet only a small portion of the producers are insured.
Raising awareness of the vital role that agriculture insurance plays in sustaining agricultural production is a key step to increasing insurance penetration in the sector. Delphine added: “Allianz Africa aims to contribute towards closing the protection gap and position itself as a leading agriculture (re)insurance provider on the continent.’’
