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December 20, 2017updated 21 Dec 2017 11:47am

Allianz targets emerging markets with $96.6m investment

Allianz X, the digital investment unit of the Allianz Group, has made a $96.6m investment in BIMA, a mobile insurance startup that serves low-income customers in Africa, Asia and Latin America.

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The transaction will boost Allianz’s footprint in emerging markets while supporting its digital businesses. Now, Allianz is the largest strategic shareholder in BIMA.

The Germany-based insurer expect the investment to enable it continue its growth trajectory by tapping mobile penetration in emerging markets and achieve an ambition to reach one billion consumers.

Through its technology platform, BIMA offers low-income families with access to life insurance and health products in 14 emerging markets across the globe.

Commenting on the investments, Allianz CEO Oliver Bäte said: “Our investment in BIMA underscores Allianz’s commitment to digitalization, supporting the growth strategy of the Group in emerging economies, as well as enabling us to serve the so-called ‘next billion customers.”

Allianz Africa regional CEO Coenraad Vrolijk said: “Allianz’s participation in BIMA provides an ability for us to deepen our emerging markets footprint and use the latest technologies to distribute insurance products to customers who need it most.”

BIMA, which was launched in 2010, currently has operations in three continents and serves more than 24 million customers.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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