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Sanlam Kenya embarks on skills-retention program

by: Category: Banking & Finance, East Africa, Industry, Insurance A+ / A-

@ TheABFortune

Sanlam Kenya, formerly Pan Africa Life has announced it has embarked on a strategic skills development programme as part of the rebranding exercise announced Wednesday.

Sanlam Kenya, according to its Chairman Mr. John Simba will tap into the vast technical and intellectual capacity at its disposal from within the company.

“This rebranding allows us to assume not just a new identity but also a clear promise to all our stakeholders for excellent service delivery.

This rebrand will allow the Group to fully access and adopt the Sanlam brand, values technical expertise and related benefits that come with being part of Africa’s largest nonbank financial services provider,” said Simba.

Sanlam Kenya currently features a branch network of 34 client experience centres across Kenya’s major towns and enjoys an estimated market share of 8 per cent in the Kenyan life insurance industry, serving over 99,401 policyholders under individual life and more than 236,507 under group life.

The rebranding process will see PAIHL’s subsidiaries, Pan Africa Life, Pan Africa Asset Management, Gateway Insurance and PA Securities convert to Sanlam Life Insurance, Sanlam Investments, Sanlam General Insurance and Sanlam Securities respectively.

The Sanlam Group is a leading financial services group established nearly 100 years ago and listed on the Johannesburg Stock Exchange Limited (JSE) in South Africa and the Namibian Stock Exchange (NSX). As at 31 December 2015, Sanlam’s market capitalisation was US$9bn. The Group will announce its half-year results to 30 June 2016 on 8 September 2016.

The Sanlam Group has businesses in 33 countries across Africa and first acquired a stake in PAIHL in 2006, following Sanlam’s acquisition of African Life Assurance Group.

The Group operates its businesses in emerging markets through the Sanlam Emerging Markets (SEM) business cluster, which has four regions – East; Southern Africa; West Africa; South East Asia (Malaysia); and Asia (India). The recently concluded acquisition of a 30 per cent stake in Morocco-based Saham Group expanded the Group’s footprint into countries mostly in Francophone and Lusophone Africa.

The Group also has businesses in the United Kingdom, the USA, Australia and the Philippines.

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Sanlam Kenya embarks on skills-retention program Reviewed by on . @ TheABFortune Sanlam Kenya, formerly Pan Africa Life has announced it has embarked on a strategic skills development programme as part of the rebranding exerci @ TheABFortune Sanlam Kenya, formerly Pan Africa Life has announced it has embarked on a strategic skills development programme as part of the rebranding exerci Rating: 0

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Business Journalist since 2009, has worked for Financial Post, Standard Media Group, Business Journal and People Daily.

Chief Editor at The African Business Fortune Magazine.

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