Patrick Prado, Chief Executive Officer of Allianz Life Ghana, has stated that it is the aim of Allianz Ghana to establish a Robust Agency force, strong brand visibility and effective internal and external communication to help customers’ lifestyle and needs.

Mr Prado said while speaking at the launch of the Allianz Life Insurance in Accra,, “Micro-insurance penetration in Ghana currently stands at 28 % with sim penetration well over 100 percent. In April 2016, a report by Timetric Insurance Intelligence Center forecast total life premiums would reach GH?1.6 billion by 2019. This is as a result of the growth of the middle class and the expansion of micro-insurance products to cover the low-income bracket as well.”

He said, the Allianz Life Insurance Ghana is a 100 % wholly owned subsidiary of Allianz Africa and by extension the Allianz Group. He said since its inception in 1890, Allianz Africa is currently one of the leading financial service groups worldwide, active in all lines of insurance and asset management.

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