Financial company Allianz appoints Abderrahim Dbich as new CEO

MOROCCO – German finance-giant Allianz has announced a change in leadership for its Morocco division, appointing Moroccan Abderrahim Dbich as new Chief Executive Officer (CEO).

In a press release, Allianz announced Abderrahim Dbich as the successor to German Joerg Weber on January 1.

The new Allianz Morocco CEO previously held the position of deputy managing director at AXA Assurance Maroc, one of Morocco’s largest insurance firms.

Allianz Africa announced in a press release that Mr. Dbich succeeds Jörg Weber, who is to take on new responsibilities within the Allianz Group.

Mr Dbich was previously Deputy Managing Director of AXA Assurance Maroc and a member of the Executive Committee of the Moroccan Association of Insurance and Reinsurance Companies (FMSAR).

He led the local strategy and technical activities of AXA Assurance Maroc for more than 12 years and helped launch the latest transformation program.

Within the company, he held the position of head of the actuarial function and head of the underwriting and reinsurance authorities for the CIMA region (Inter-African Conference of Insurance Markets) for four years.

Mr. Dbich has worked in major national financial institutions since 2001. He began his career as an actuary and held various positions of responsibility, starting with the National Fund of Social Insurance Institutions (CNOPS), where he was involved in establishing the basics of compulsory health insurance (AMO).

Chairman of the Guarantee Fund for Traffic Accidents (FGAC), Mr Dbich, is a deputy member of the Regulatory Authority’s Disciplinary Committee. With more than 20 years of experience in the insurance industry, he benefits both strategically and operationally from deep expertise in the local market.

“His technical mastery paired with his recognized leadership role makes him the ideal profile to lead the next chapter of Allianz Maroc,” Delphine Traoré, Regional CEO of Allianz Africa, said.

The new CEO of Allianz Maroc has also been co-opted as director of the company.

With 120 million private and corporate customers in more than 70 countries, the Allianz Group is one of the largest insurers and fund managers worldwide. Allianz customers benefit from a wide range of private and commercial insurance services, ranging from health and credit insurance to international insurance programs.

As one of the largest international investors, the Allianz Group manages an investment portfolio of 802 billion on behalf of its customers.

Thanks to the consistent integration of ecological and social criteria into our business processes and investment decisions, Allianz takes the top position among insurers in the Dow Jones Sustainability Index, which was introduced on November 12, 2021.

Meanwhile, Ababacar Diaw, currently Deputy CEO of Allianz Africa Services and Regional Head of Protection and Resilience at Allianz Africa has been nominated as CEO of Allianz Ghana Non-Life, effective January 17th 2022, subject to necessary approvals.

He succeeds Darlington Munhuwani who will pursue other opportunities outside the Allianz Group.

Ababacar joined Allianz in 2011 as the Head of Controlling for Allianz Senegal Assurances. He was previously member of the Executive Committee of NSIA Senegal (Insurance & Bank) where he held the position of Head of Controlling and Internal Control.

He was appointed Chief Executive Officer and Board Member of Allianz Benin in 2017. Prior to his nomination, he covered several areas such as Controlling, Internal Control, Compliance and Legal, and held the position of Chief Financial Officer (member of the Executive Committee) of Allianz Senegal Assurances.

Ababacar has worked since 2003 in global financial services across several emerging markets and began his career as a Statutory / Financial Auditor within the BDO international Group.

“Ababacar enjoys a strong financial background and a solid experience in the insurance sector in the continent. Being part of Allianz Africa for 11years, he is the right person to take over the leadership of our entity in Ghana,” said Delphine Traoré.

Ababacar is currently based in Abidjan and will relocate to Accra in due course.

Liked this article? Subscribe to DealStreet Africa News, our regular email newsletter with the latest news, deals, and insights from Africa’s business, economy, and more. SUBSCRIBE HERE

Other Recent Posts

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.