Allianz Nigeria introduces Covid-19 travel protection cover for Nigerian Market
•Allianz Nigeria receives regulatory approval from the National Insurance Commission
•Covers emergency medical expenses associated with Covid-19 diagnosis
•Covers accommodation costs related to Covid-19 diagnosis
Allianz Nigeria has announced the introduction of its Covid-19 travel protection cover to the Nigerian market.
The introduction of the product follows the announcement of the Allianz Risk Barometer 2021results which is clearly dominated by the Covid-19 trio of risks; Business interruption, Covid-19 pandemic and cyber incidents. All 3 risks are strongly interlinked, demonstrating the growing vulnerabilities of our highly globalized and connected world.
Allianz Nigeria now offers travelling customers protection against emergency medical expenses associated with Covid-19 diagnosis whilst on a trip. The travel plan also covers accommodation costs related to Covid-19 diagnosis during a trip.
Due to the effect of the Covid-19 pandemic, many countries have imposed mandatory quarantines, border closures, entry bans as well as restrictions for domestic travel as a means to curb the spread of the virus.
The introduction of vaccines has a direct impact on travel especially air travel as demand for travel gradually begins to return to normalcy with airlines beginning to advertise summer travel.
According to a statement signed by Mobolade Odanye, Marketing and CommunicationsAllianz, “Nigeria offers International travel Insurance that meets the travel requirements of various embassies including Schengen member states. The plan covers emergency medical expenses & hospitalization abroad, medical evacuation, emergency dental care, legal assistance, compensation for delayed trip, or lost checked-in Baggage. Allianz also provides 24 hours travel assistance worldwide.”
Allianz has a long experience in travel insurance – offering the market a range of travel insurance options. There’s a policy for every type of travel so, whether you’re traveling alone, heading on a family holiday, a last-minute business trip or travel emergency, we’ve got you covered’ says Tunji Oshiyoye, Chief Customer Officer Allianz Nigeria, the statement stated.
The Allianz Group is one of the world’s leading insurers and asset managers with more than 100 million retail 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 774 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage 1.7 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2019, over 147,000 employees achieved total revenues of 142 billion euros and an operating profit of 11.9 billion euros for the group
