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Sanlam and Allianz, the two insurance giants who formed Africa’s largest non-banking financial services company through a joint venture named SanlamAllianz in 2023, have launched their SanlamAllianz brand in Rwanda at an event hosted in Kigali on 29 August 2024.
SanlamAllianz Life Insurance Plc (“SanlamAllianz Life Insurance Rwanda”) and SanlamAllianz General Insurance Plc (“SanlamAllianz General Insurance Rwanda”) are among the first SanlamAllianz businesses to showcase the joint venture brand. The CEOs of the two firms are Mr. Jean Chrysostome Hodari, Chief Executive Officer of SanlamAllianz Life Insurance “Rwanda” Plc, and Mr. Richard Akotègnon Hodehou, Chief Executive Officer of SanlamAllianz General Insurance “Rwanda” Plc.
This follows the recent regulatory approvals, paving the way for these businesses to launch the new branding and trade officially as SanlamAllianz.
SanlamAllianz’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.
SanlamAllianz CEO, Mr. Heinie Werth, said: “Launching the SanlamAllianz brand in Rwanda marks a new milestone for us as well as the broader financial services market and our commitment to do business in Rwanda. 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.”
“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,” Mr Werth added.
The chairperson of the Board of Directors of SanlamAllianz Life Insurance “Rwanda” Plc, Dr. Gisanabagabo Sebuhuzu, said: “Our customers have always trusted us as their choice for life insurance. Launching the SanlamAllianz brand in Rwanda gives us more confidence and challenges us to continue serving with excellence.”
The chairperson of the Board of Directors of SanlamAllianz General Insurance “Rwanda” Plc Mr.Vianney Rurangirwa Shumbusho, said: “Being the market leader in general insurance has always been a pleasure. The launch of the SanlamAllianz brand in Rwanda solidifies our position and commitment to continue serving our customers with confidence.”
About SanlamAllianz
In September 2023, Sanlam, the largest non-banking financial Services Company in Africa, and Allianz, one of the world’s leading insurers and asset managers with more than a century of history in Africa, joined forces to create the largest pan-African non-banking financial services entity on the continent. As SanlamAllianz, we operate among the Top insurance companies in most of our chosen markets through a shared-value approach with our staff, clients, the markets, communities, and economies where we conduct business, as well as our business partners and shareholders. Our ambition is to maintain this position in all our operating markets and to continue to provide our clients with world-class products and services.
For more information, visit: www.sanlamallianz.com
About SanlamAllianz Life Insurance “Rwanda” Plc
SanlamAllianz Life Insurance “Rwanda” Plc isthe leading insurer in Rwanda offering a range of life insurance solutions with maximum choice, innovation, and flexibility for the past 25 years. SanlamAllianz Life Insurance “Rwanda” Plcis part of SanlamAllianz, the largest non-banking financial services provider in Africa formed in September 2023 when Sanlam, the largest non-banking financial services company in Africa, and Allianz, one of the world’s leading insurers and asset managers with more than a century of history in Africa, joined forces to create the largest pan-African non-banking financial services entity on the continent.
For more information, visit: https://rw.sanlamallianz.com/about-us/life-insurance/
About SanlamAllianz General Insurance “Rwanda” Plc
SanlamAllianz General Insurance “Rwanda” Plc is the leading private insurance company in Rwanda, offering a range of reliable individual and corporate general insurance products. With experience in the Rwandan insurance industry spanning over 40 years, SanlamAllianz General Insurance “Rwanda” Plc is part of SanSanlamAllianz, formed in September 2023 when Sanlam, the largest non-banking financial services company in Africa, and Allianz, one of the world’s leading insurers and asset managers with more than a century of history in Africa, joined forces to create the largest pan-African non-banking financial services entity on the continent.
For more information, visit: https://rw.sanlamallianz.com/about-us/general-insurance/
