In a statement issued on September 5, 2023, Sanlam and Allianz indicated that they had received regulatory approvals to create their joint venture in 27 African markets under the SanlamAllianz brand.

Sanlamallianz is expected to have a combined enterprise value (GEV) in Senegal of around 35 billion rand or 1.8 billion dollars and will control up to 70% of the damage insurance market (Non Vie) in a market like Côte d'Ivoire and will be number one. In Morocco, things will not be as simple because of the contradictory attitudes between, on the one hand, the point of view of the competition authority, which says it accepts the principle of JV but on the basis of two separate entities, evolving with two boards of directors and two strategies. But the Insurance and Social Security Supervisory Authority (ACAPS) approves the merger

Sanlamallianz, will offer a comprehensive range of insurance products and financial services to individuals and businesses in 27 African countries. The objective is to promote financial inclusion, with a particular focus on the number of lives impacted, by providing better access to products and services through digital innovation and by taking advantage of their partnerships in terms of technologies and bancassurance with the aim of creating new opportunities in Africa; developing Life and Non-Life insurance businesses through product, service and innovation. distribution. Then offer the best of two major global brands with better Non-Life and Life insurance offerings through innovation and capabilities enhanced by greater economies of scale