The 7th edition of the African Insurance awards

The African Reinsurance Corporation (Africa Re) hereby expresses sincere gratitude to all the participants and Judges of the just concluded 7th African Insurance Awards which was held on Tuesday 28 June in Nairobi Kenya.

Over 1000 professionals of the insurance industry took part in the event. The following were the winners of the four categories of the awards:

• SOSO CARE of Nigeria won the Innovation of the Year Award. The company has developed a product that is geared towards cleaning he environment by linking the collection of trash to recycle as an income earning activity to finance micro health insurance for the destitute, which is itself another laudable support activity.
• Allianz Life Assurance Company of Egypt won the Insurance Company of the Year Award. The company has demonstrated, during the difficult time of COVID-19 pandemic outbreak, a strong and consistent growth in premium income, a superior return on average equity and customer focus strategy especially through the "Allianz customer experience programme"
• Mr. Alaa Mohamed Ali El-Zoheiry, Managing Director of GIG, Egypt, won the CEO of the year award. He demonstrated strong leadership in the Egyptian market which resulted in notable underwriting profit, good growth, and favourable financial ratings from rating agencies during the period under review and also evidenced by the numerous awards won by his company in 2020.
• Naked Insurance, South Africa, won the InsurTech of the year award. The company ins a notable platform for commoditising insurance, easing its sales, and reaching out to millions as a cheap distribution channel. This makes it possible for the buyer to get a quote and purchase insurance within minutes. The company is the first full digitised insurer in South Africa. The entire value chain if buying, documenting and claiming is digitised. The concept is working and the company is growing.