Prudential Appoints New Africa Chief Executive Officer
Prudential has appointed Emmanuel Mokobi Aryee as its new Chief Executive Officer for Africa, where he will supervise the company's activities in eight African regions.
NAIROBI, Kenya, November 9, 2022/ — Prudential has appointed Emmanuel Mokobi Aryee as its new Chief Executive Officer for Africa, where he will supervise the company’s activities in eight African regions.
This appointment aims to centralize Prudential’s operations in Africa as well as reinforce and expand the company’s presence in existing regions.
Solmaz Altin, the Prudential Managing Director, Strategic Business Group, remarked that he was pleased with Mokobi’s new position, which would begin on 1 January 2023 and be situated in the Africa regional center 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 essential, 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 explained.
Mokobi is currently the Regional Chief Executive Officer for East & Central Africa and West & Southern Africa.
Mokobi is a renowned industry veteran with over 29 years of experience in Africa’s commercial leadership. His previous experience includes turning around businesses on the African continent, propelling Prudential to the top of the market in some of our nations, and achieving respect as an innovative player. Over the years, he has fostered employees and fostered the growth of talent.
Africa possesses tremendous potential. With a total value of $68 billion, Swiss Re Institute data puts the continent as the second-fastest expanding insurance market in the world, after Latin America.
Despite this, Africa has a huge uninsured population, as seen by the current insurance penetration rate of 2.8%. In addition to the fact that the world’s population is projected to quadruple to 2 billion by 2050, this indicates that the underwriting business has tremendous space to grow.
As a company whose sole emphasis is Asia and Africa, we are investing in people and technology to increase our capacity to service more consumers on the region.
Through a distribution network of more than 13,000 agents and 600 bank locations, Prudential now serves over 1.7 million customers in Africa. “Since we began our journey in Africa in Ghana in 2013, we are currently present in eight African nations: Cameroon, Cote d’Ivoire, Ghana, Kenya, Togo, Uganda, Zambia, and Nigeria. We are optimistic that the African business will continue to develop under Mokobi’s leadership,” the company said in a statement.
Distributed on behalf of Prudential Africa by APO Group.
