Insurance

Allianz Africa launches MBA scholarships for African actors in sustainable development

Allianz-Nigeria

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Chuks Udo Okonta

•Allianz SE launched a scholarship program to benefit its employees and social entrepreneurs.

•Partnership with ESMT Berlin – one of the most prestigious schools in Europe as a partner for high level training.

•Objective: to bring out leaders recognized by their communities.

Allianz Africa’s commitment to the development of the continent takes a new stage, through Allianz’s “Next Generations Fellowship for Social Entrepreneurs” initiative. Indeed, Allianz is committed to offering ten (10) scholarships for a “Global Online MBA” from the prestigious ESMT Berlin school.

These scholarships are offered to both Allianz Africa employees and social entrepreneurs. The training aims to enable candidates to acquire knowledge and high-level leadership skills in order to deliver an even more positive impact on the business environment and the community in Africa.

“Allianz Africa believes this MBA will help our social entrepreneurs to become successful leaders. The analytics, ability to innovate and managerial skills that the program offers should enable them to make their businesses more sustainable and bring a stronger impact to the society,” explains Coenraad Vrolijk, Regional CEO of Allianz Africa.

Launched by Allianz SE, this program aims to offer 10 scholarships per year. The first edition has chosen Africa as their cradle and will be held 100% online.

Thus, for the 2021 edition, 4 female candidates and 3 male candidates from Cameroon, Ghana, Kenya, Nigeria and Senegal were selected. They started classes in September. The selection process, carried out in close collaboration with Allianz operating entities in Africa, is still ongoing, since 3 other scholarship beneficiaries will join the first 7 in May 2022.

This MBA is also the first to be entirely virtual at ESMT, of which Allianz is one of the founding companies. “We appreciate the deep, long-term partnership we have with Allianz and look forward to working together to support these MBA candidates in their forward-thinking projects,” says Jörg Rocholl, President, ESMT Berlin.

Students follow the program at their own pace to continue working full time. Program fees amount to € 25,000 / year, 96 per cent of which is covered by this program, with a personal contribution of € 1,000 from each participant to ensure their commitment.

It should be noted that the program will be particularly focused on individuals having a strong environmental and social impact in Africa. “The Allianz Next Generations Fellowships continues the successful legacy of providing educational opportunities in developing areas to promote sustainable transformation in business and society,” insisted Jörg Rocholl.

For its part, Allianz Africa firmly believes that training young people to cultivate leadership focused on sustainable development is likely to help Allianz “secure the future” of generations to come.

“We secure your future” is the purpose of Allianz Africa and the Group. It translates to being a responsible company recognized for the confidence of its customers and shareholders, for its loyalty and for its significant contribution to the communities in which Allianz operates.

“Our “Environment-Social-Governance” approach is at the heart of our corporate strategy, and we are committed to investing in the positive development of societies around the world. And therefore, we will use our roles as an employer, insurer, investor, and corporate citizen to build a secure future for tomorrow,” concluded Stefan Britz, Chief Human Resource Officer at Allianz, who sees this strategic partnership with ESMT Berlin as an important step in creating a societal impact.

For further information please contact:

Allianz Africa:
Jean-Claude Bilgo Tel.: +225 07 78 55 11 99, e-mail : jean-claude.bilgo@allianz.com

About Allianz (www.allianz.com)
The Allianz Group is one of the world’s leading insurers and asset managers with more than 100 million private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 793 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage 1.8 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are amongst the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2020, over 150,000 employees achieved total revenues of 140 billion euros and an operating profit of 10.8 billion euros for the group.

About Allianz Africa (www.allianz-africa.com)
In Africa, Allianz is currently present in 12 countries and accompanies clients in 49 markets. Its 1.167 employees achieved regional revenues of 371 million euros in 2020. Allianz also provides micro-insurance for 1.7mn low-income families and individuals in Africa.

About ESMT Berlin (www.esmt.berlin)
ESMT Berlin is the highest ranked business school in Germany and Top 10 in Europe. Founded by 25 leading global companies, ESMT offers master’s, MBA, and PhD programs, as well as executive education on its campus in Berlin, in locations around the world, online, and in online blended format. Focusing on leadership, innovation, and analytics, its diverse faculty publishes outstanding research in top academic journals. Additionally, the international business school provides an interdisciplinary platform for discourse between politics, business, and academia. ESMT is a non-profit private institution of higher education, accredited by AACSB, AMBA, EQUIS, and FIBAA, and is committed to diversity, equity, and inclusion across all its activities and communities.

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