Latest news with #SanlamAllianz
Tahya Masr
3 days ago
- Business
- Tahya Masr
Allianz Egypt Strengthens Strategic Partnership with the Egyptian Paralympic Committee to Empower National Champions and Elevate Their Global Presence
Allianz Egypt, a leading insurance provider and affiliate of the SanlamAllianz alliance, has reaffirmed its long-term commitment to the Paralympic movement by extending its strategic partnership with the Egyptian Paralympic Committee until 2028, under the umbrella of Allianz Group's global alliance with the International Paralympic Committee. This renewed collaboration underscores Allianz Egypt's ongoing dedication to supporting and empowering Egyptian Paralympic athletes, while promoting the values of diversity and equality in sports. As part of its broader sustainability agenda, the company places Paralympic sports at the heart of its corporate social responsibility framework, reinforcing its role as a responsible investor and trusted partner dedicated to creating real value for society. Dr. Hossam El-Din Mostafa, Chairman of the Egyptian Paralympic Committee, commented: "Since the inception of our partnership with Allianz Egypt, we have witnessed genuine and impactful support, extending beyond sponsorship into strategic, long-term development. This collaboration has created an enabling sports ecosystem that allows our athletes to compete at the highest levels and elevate the profile of Paralympic sports in Egypt." Charles Tawadros, Chief Executive Officer of Allianz Egypt and Managing Director of Allianz Life Assurance Company – Egypt, added: 'We recognize the transformative power of sport in fostering inclusive and resilient communities. Our commitment is demonstrated through strategic partnerships with leading sports organizations both nationally and internationally. Our ongoing collaboration with the Egyptian Paralympic Committee exemplifies this dedication, playing a significant role in nurturing and empowering Egypt's Paralympic athletes'. He continued: 'As part of this partnership, Allianz Egypt proudly supports five Paralympians across key disciplines, including Para powerlifting, swimming, and badminton. Notable athletes like Sherif Osman and Fatma Mahrous, who secured silver medals at the Tokyo 2021 and Paris 2024 Paralympic Games, highlight the success of our collective efforts. Beyond sponsorship, we're committed to providing the essential resources and a supportive environment that empower these athletes to train effectively and compete at the highest level'. Allianz Egypt remains committed to supporting athletes across all categories, extending its efforts to both Paralympic and Olympic athletes alike. In 2024, the company provided a personal accident insurance policy for the Egyptian Olympic delegation, offering comprehensive coverage that includes surgical procedures, physical therapy, and all sports-related injuries. This initiative reflects Allianz Egypt's leading role as a key sponsor of Paralympic sports in Egypt and reinforces its dedication to championing athletes at every level .
Zawya
15-05-2025
- Business
- Zawya
Allianz Life Assurance Company Egypt achieves 40.50% growth in its equity portfolio
Cairo, Egypt: Allianz Life Assurance Company – Egypt, a leading insurance provider and affiliate of SanlamAllianz, achieved outstanding investment performance in 2024, with its portfolios significantly outperforming market benchmarks. The company's equity portfolio recorded an impressive growth of 40.50%, far surpassing the EGX30 Index increase of 19.5%. Additionally, its fixed-income portfolio delivered a return of 21.50%, outperforming the EGX T-Bond 1–3 Year Index post-tax return of 19.488%. This strong financial performance reflects Allianz Life Assurance Company Egypt's ambitious strategy and deep investment expertise, reinforcing its ability to provide long-term financial security for its clients amid evolving economic challenges. By implementing a disciplined and forward-looking approach, the company continues to enhance insurance inclusion while delivering innovative and flexible financial solutions tailored to dynamic market needs. This success further strengthens Allianz Life Assurance Company Egypt's position as Egypt's progressive insurer of choice, creating real value for its customers, employees, and partners. It also reaffirms the company's commitment to delivering advanced and adaptable financial solutions that cater to shifting market demands. A key pillar of Allianz Life Assurance Company Egypt's offerings is its long-term life insurance solutions, designed to optimize premium value. These solutions are built on three fundamental components: insurance coverage that provides financial protection against unforeseen risks, administrative costs that enhance operational efficiency, and investment allocation that leverages portfolio diversification and advanced analytical techniques. This strategic approach enables clients to make informed financial decisions, grow their assets, achieve strong returns, and effectively manage risks. Allianz Life Assurance Company Egypt continued success is driven by a team of specialized experts who closely monitor market trends, evaluate investment opportunities, and implement strategic measures to maximize returns while ensuring clients' financial security. About Allianz Allianz Egypt belongs to the 'SanlamAllianz' Alliance. The Alliance represents a strategic partnership between Sanlam Group, the largest non-banking financial services company in Africa, and Allianz Group, multinational German insurance company. The alliance serves as a catalyst for the expansion strategies of both groups in the African market, with a shared vision of driving growth and delivering comprehensive insurance services and solutions that cater to the diverse needs of their clients. Established in 1976 as Arab International Insurance Company (AIIC), Allianz Egypt Insurance Company became part of the Allianz Group in 2001. In 2004, the company underwent a restructuring and adopted its current brand names; Allianz Insurance Company, providing Medical Insurance and Property & Casualty Insurance services to individuals and businesses, and Allianz Life Assurance Company, providing life insurance services to individuals and businesses, relying on a network of 19 branches and strategic partnerships with major banks in the country. For more details, please visit our website:
