Sanlam Tanzania General Insurance provides both personal and commercial general insurance cover.
The Sanlam Group (JSE:SLM, NSX:SLA) was established in 1918 to provide financial solutions to individual and institutional clients.
The Group’s areas of expertise include insurance, financial planning, retirement, trusts, wills, short-term insurance, asset management, risk management and capital market activities, investment and wealth.
The Sanlam Group operates in South Africa, Namibia, Botswana, Swaziland, Malawi, Zambia, Tanzania, Rwanda, Uganda, Kenya, Ghana, Nigeria, Mozambique, India, Malaysia and the UK.
Sanlam General Tanzania was formerly trading under NIKO Insurance, which was launched in 2005 as a general insurer operating in Tanzania.
In 2014 Sanlam Emerging Markets (SEM), a subsidiary of Sanlam Group, acquired a 49% stake in NIKO Insurance Tanzania.
The Tanzanian rapid economic growth seen in the recent years, has been the determinant for Sanlam Group to expand in Tanzania, where the insurance penetration is less than 1.0% of total GDP, explains the CEO of Sanlam Group, Mr. Ian Kirk.
In 2015 NIKO Insurance Tanzania rebranded to Sanlam General Insurance to strengthen the Group’s identity and expand its visibility.
“With NIKO’s rebranding, Sanlam will be able to offer a wider and more innovative range of insurance products to cover different classes of risks for either personal or institutional clients, thanks to a group’s larger financial strength, technical expertise and brand equity”, explains Sanlam General Insurance CEO Manasseh Kawoloka.
Sanlam General Insurance Tanzania: Products
Sanlam General Tanzania: Personal Insurance
The personal insurance cover is being offered to Tanzanians in terms of the following:
- – House owners
- – Householders
- – Homesure Package Policy
- – “All Risks”
- – Personal Accident
- – Golfers
- – Motor
- – Watercraft
Sanlam General Tanzania: Business Insurance
The commercial insurance cover includes:
- – Motor
- – Fire
- – Engineering
- – Marine
- – Package
- – Miscellaneous or Accident
- – Bancassurance Business
- – Agri-Insurance Business