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ALIZF Allianz Ag Muenchen Namen (PK)

290.128
0.128 (0.04%)
15 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Allianz Ag Muenchen Namen (PK) USOTC:ALIZF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.128 0.04% 290.128 277.15 295.00 290.128 290.128 290.128 4 21:20:00

Allianz Invests $96.6 Million in Insurance Startup

19/12/2017 5:05pm

Dow Jones News


Allianz Ag Muenchen Namen (PK) (USOTC:ALIZF)
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   By Nathan Allen 
 

Germany's Allianz SE (ALV.XE) said Tuesday it has invested $96.6 million in digital-insurance startup BIMA to become the company's largest shareholder.

BIMA, which was launched in 2010, provides a digital platform that gives low-income families access to insurance products in 14 countries across Africa, Asia and Latin America, Allianz said in a statement. It employs a 3,500-person sales force and has 24 million customers, Allianz added.

Chief Executive Oliver Baete said the investment will support the group's broader strategy to grow its business in emerging markets.

 

Write to Nathan Allen at nathan.allen@dowjones.com

 

(END) Dow Jones Newswires

December 19, 2017 11:50 ET (16:50 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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