From left: Messrs Hakim Ouzzani, Ismail Adams, Francois Pousse, Esther Armah and Gideon Ataraire
SOCIETE GENERALE Ghana in partnership with Allianz Life Insurance Company has launched two (2) new products onto the market.
The launch of the two products – Sound EduFlex and Sound Farewell Insurance Plans – took place recently in Accra.
The collaboration marks the beginning of a unique service offering to customers and this is expressed strongly in their brand statements – ‘We Secure the Future’ for Allianz and ‘The Future is You’ for SG Ghana.
Head of Reinsurance and Anti-Money Laundering at the National Insurance Commission (NIC), Esther Armah, who represented the Commissioner, expressed the Commission’s support for the partnership, adding that that would make a significant contribution to the industry.
Ms. Armah stated that more than thirty (30) insurance companies, both life and non-life, collaborated with several banks with premium of GH¢39 billion in 2020 of which Bancassurance contributed 17%, comprising 15% for life and 2% for non-life.
Ismail Adams, Assistant Director of Banking Supervision at the Bank of Ghana (BoG), mentioned that the introduction of the products was timely as the COVID-19 pandemic had eroded some of the gains from financial inclusion.
Mr. Adams commended SG Ghana’s performance, especially for 2020.
Managing Director of SG Ghana, Hakim Ouzzani, stated that the Societe Generale Group had partnered the Allianz Group similarly in the various subsidiaries, adding that the latest partnership would ensure benefits for consumers in Ghana.
Gideon Ataraire, Chief Executive Officer of Allianz Life Insurance noted that, “The core of Allianz’s operations is founded on partnerships, digitisation, innovation and a keen understanding of the customers’ needs to create real value.” Mr. Ataraire encouraged customers to continue challenging the company by communicating their needs.
Dzifa Fiati, Group Head of Corporate Business at Allianz Life and Obed Hoyah, General Manager for Retail Banking at SG Ghana, presented product features and benefits of the two new products, and how customers could access these, respectively.
Francois Pousse, Deputy Managing Director for SG Ghana, thanked NIA and BoG for their support in making the partnership a reality. He entreated all customers and the general public to subscribe to the Sound EduFlex and Sound Farewell Insurance Plans, which were underwritten by Allianz Life Insurance at all SG Ghana branches.
A Business Desk Report