Sanlam and Allianz, two insurance giants, that formed Africa’s largest non-banking financial services company through a joint venture named Sanlam-Allianz in 2023, have been launched in Accra over the weekend.
Sanlam Allianz’s ambition is to leverage its global and pan-African expertise and unlock growth in Africa’s high-potential economies, in line with its purpose to empower generations to be financially confident, secure, and prosperous.
This will be achieved through supporting financial inclusion through innovative and diverse financial services that create shared value for all stakeholders.
The Sanlam-Allianz Chief Executive Officer, Heinie Werth, speaking at the launch explained “SanlamAllianz brand in Ghana marks a new milestone for us as well as the broader financial services market and our commitment to do business in Ghana. It demonstrates our strategy to leverage our emerging markets expertise to create leading businesses in the economies where we choose to operate and supports our intention to enable access to financial services.”
According to him, “The joint venture will also leverage the combined economies of scale of our shareholders, Sanlam and Allianz, as well as greater distribution opportunities, shared knowledge, and existing partnerships in telecommunications and bancassurance to benefit our customers”.
The Chief Executive Officer/MD of Sanlam Allianz General Insurance Ghana LTD, Mabel Nana Nyarkoa Porbley also said: “The journey to this point has been truly exciting and fulfilling”.
“We are confident that the new Sanlam Allianz General Insurance entity is poised to transform the Ghanaian insurance landscape, delivering unparalleled innovation, convenience, and superior service through the combined expertise and synergy of two renowned brands, that seek to give significant value to meet the evolving needs of our staff, clients, partners and all stakeholders,” she added.
The Ghana Board Chairman of SanlamAllianz Life Insurance, Dr Isaac Baidoo noted: “This merger is not just a combination of two entities but a union of shared purpose, vision, values, and commitment to excellence”.
“Together, as SanlamAllianz in Ghana, we are uniquely positioned to offer innovative insurance solutions and services you can trust. Our combined strength and strong governance standards will enable us to better serve our clients and deliver sustained value to all our stakeholders,” he noted.
Currently, SanlamAllianz is operating across 27 countries and with 80 entities serving 30 million clients with over 100,000 employees in Africa.
-BY Daniel Bampoe