Allianz : Leadership changes at Allianz Africa

Allianz SE

Group Communications and Reputation

Media Release

Leadership changes at Allianz Africa

• Effective November 1, 2021 Delphine Traoré becomes CEO of Allianz Africa.
• She retains her current responsibilities as COO.

Casablanca, October 22, 2021

Delphine Traoré, Member of the Board of Management of Allianz Africa and Regional Chief Operations Officer (COO), will succeed Coenraad Vrolijk and assume the role of Allianz Africa Regional Chief Executive Officer (CEO), in addition to her current responsibilities. Coenraad will leave Allianz Africa to pursue new opportunities outside of the Allianz group. These changes will become effective November 1, 2021.

Delphine joined the Allianz Group in 2005 with Allianz Global Corporate & Specialty (AGCS) Canada. She held the positions of a Liability Underwriter and Head of Ma rket Management before she became CEO of AGCS Africa in 2012. Delphine joined Allianz Africa as COO in 2017 and remained a non-executive member of the Board of Management of AGCS Africa.

In 2015, Coenraad joined as a Senior Adviser to the Board of Management of Allianz SE and became Allianz Africa Regional CEO in 2017. During his tenure, he oversaw the expansion of Allianz's footprint in Morocco, Nigeria and recently East Africa, in addition to successfully building a strong regional framework.

Chris Townsend, Board Member of Allianz SE, says: "We thank Coenraad for his contribution and dedication during his time with Allianz and wish him all the best in his future endeavors. We look forward to working with Delphine in this capacity and wish her every success in her new responsibilities."

For further information please contact:

Meryem Hammouch	Tel. [phone], e-mail:[e-mail]
Sara Benazouz	Tel. [phone], e-mail:[e-mail]

About Allianz Africa

In Africa, Allianz is currently present in 12 countries and accompanies clients in 49 markets. Its 1,167 employees achieved regional revenues of 371 million euros in 2020. Allianz also provides micro-insurance for 1.7 million low -income families and individuals in Africa.

Allianz SE	Chairman of the Superv isory Board: Michael Diekmann. Board of Management: Oliv er
Koeniginstr. 28	Bäte, Chairman; Sergio Balbinot, Andreas Wimmer, Dr. Barbara Karuth-Zelle,
80802 Munich; Germany	Dr. Klaus-Peter Röhler, Iv an de la Sota, Giulio Terzariol, Dr. Günther Thallinger,
Phone: [phone]	Christopher Townsend, Renate Wagner (Release / Stand 10.2021). For VAT-Purposes:
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www.allianz.com/news	Allianz SE, Munich, Comm.Reg.: Munich HRB 164232

About Allianz

The Allianz Group is one of the w orld's leading insurers and asset managers w ith more than 100 million 1 private 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 w orld's largest investors, managing around 793 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage more than 1.8 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, w e are amongst the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2020, over 150,000 employees achieved total revenues of 140 billion euros and an operating profit of 10.8 billion euros for the group.

These assessments are, as alw ays, subject to the disclaimer provided below .

Cautionary note regarding forw ard-looking statements

This document includes forw ard-looking statements, such as prospects or expectations, that are based on management's current view s and assumptions and subject to know n and unknow n risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forw ard- looking statements.

Deviations may arise due to changes in factors including, but not limited to, the follow ing: (i) the general economic and competitive situation in the Allianz's core business and core markets, (ii) the performance of fina ncial markets (in particular market volatility, liquidity, and credit events), (iii) adverse publicity, regulatory actions or litigation w ith respect to the Allianz Group, other w ell-know n companies and the financial services industry generally, (iv) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (v) mortality and morbidity levels and trends, (vi) persistency levels, (vii) the extent of credit defaults, (viii) interest rate levels, (ix) currency exchange rates, most notably the EUR/USD exchange rate, (x) changes in law s and regulations, including tax regulations, (xi) the impact of acquisitions including and related integration issues and reorganization measures, and (xii) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.

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