SanlamAllianz officially launches in Nigeria, targeting growth in underpenetrated insurance market
Global financial services powerhouses Sanlam and Allianz officially launched SanlamAllianz Nigeria, merging their Nigerian operations into a joint venture to tackle the Nigerian insurance market. SanlamAllianz, a Pan-African joint venture, was created in September 2023. However, the merging of both companies’ Nigerian operations was officially announced on June 5, 2025, and brings together two companies with over a century of experience each in the financial services market.
At an event held to officially announce the partnership at Four Points by Sheraton, Lagos, SanlamAllianz laid out the strategic implications of this new partnership, stating the objectives of both companies in this joint venture and its indications for innovation, inclusion, and Nigeria’s financial ecosystem.
Speaking at the event, Tunde Mimiko, MD/CEO of SanlamAllianz Life Insurance, expressed the company’s goal to transform the insurance landscape in Nigeria.
“We...Read more