Prudential has today announced the appointment of Emmanuel Mokobi Aryee as the new Chief Executive Officer for Africa to oversee the operations of Prudential in its eight African markets.
The appointment, seeks to centralise Prudential’s operations in Africa as well
as strengthen and grow the business in markets where it currently operates.
Commenting on the appointment, Solmaz Altin, the Prudential Managing Director,
Strategic Business Group, said he was pleased on Mokobi’s new role, noting that
it will take effect on 1st January, 2023 based at the Africa regional hub in
Nairobi.
“Africa is a strategic growth driver for our Group, building the talent and
capacity to drive the next level of business growth is key and will foster
greater efficiency and effective decision making to help us deliver on our
purpose of helping people in Africa get the most out of life by making
healthcare and financial security more accessible and affordable," Solmaz
added.
Currently Mokobi is the Regional Chief Executive Officer for two regions: East
& Central, as well as West & Southern Africa.
Mokobi is a well-known industry veteran, with more than 29 years of experience
of commercial leadership in Africa. His past experience includes turning around
businesses on the African continent, moving Prudential to the number one market
position in some of our countries, and gaining recognition as an innovative
player. Over the years, he has nurtured employees and created room for talent
to thrive.
Africa is a continent with great potential. Data from Swiss Re Institute ranks
the continent as the second-fastest growing insurance market in the world after
Latin America, with a total value of $68 billion. Yet, Africa has a large
uninsured population as reflected in the low insurance penetration levels
currently at 2.8 percent. This points to significant headroom for expansion of
the underwriting market, also given the population is expected to double to 2
billion by 2050.
As a purely Asia and Africa-focused business, we are investing in people and
technology to build the capacity to serve more customers on the continent.
Today, Prudential serves over 1.7 million customers in Africa through a distribution
network of more than 13,000 agents and 600 bank branches. Since we started our
Africa journey in Ghana in 2013, we are now present in eight countries;
Cameroon, Cote d’Ivoire, Ghana, Kenya, Togo, Uganda, Zambia and Nigeria.
We are confident that the Africa business will continue to thrive under the
stewardship of Mokobi.
About Prudential plc
Prudential plc provides life and health insurance and asset management in Asia
and Africa. The business helps people get the most out of life, by making healthcare
affordable and accessible and by promoting financial inclusion. Prudential
protects people’s wealth, helps them grow their assets, and empowers them to
save for their goals. The business has more than 19 million life customers and
is listed on stock exchanges in London (PRU), Hong Kong (2378), Singapore (K6S)
and New York (PUK).
Prudential is not affiliated in any manner with Prudential Financial, Inc. a
company whose principal place of business is in the United States of America,
nor with The Prudential Assurance Company Limited, a subsidiary of M&G plc,
a company incorporated in the United Kingdom.
Prudential has insurance operations in eight countries in Africa: Cameroon,
Cote d’Ivoire, Ghana, Kenya, Togo Uganda, Zambia and Nigeria. With over 1
million customers, Prudential Africa works with over 11,000 agents and six
exclusive bank partnerships, with access to over 600 branches, to bring
value-added insurance solutions to its customers.
Source: Peacefmonline.com