#sanlam

[africafinancialtimes]

Allianz et Sanlam donnent naissance à une mastodonte du marché de l’assurance en Afrique.

Le groupe allemand Allianz, l’un des leaders mondiaux de l’assurance, et le groupe sud-africain Sanlam, le premier assureur en Afrique, ont finalisé leur coentreprise en Afrique, qui regroupe leurs opérations dans 27 pays du continent. La nouvelle entité, dont le nom est SanlamAllianz, est évaluée à plus de 2 milliards d’euros, soit 1 312 milliards FCFA, et représente le plus important acteur…

[billysigudla]

Sanlam Cape Town Marathon 20 October 2024 experience by Christian Posts blog by Billy Sigudla

I came prepared for the Sanlam Cape Town marathon, the most organized road races event in the country. My performance was not as I anticipated to achieve a sub 4 hours the is my target was 3 hours 59 minutes but ended running up to 5 hours due to cramping which is the challenge that I had due to lack of oxygen in my muscles due to dehydration, I further say you need to use your voice no matter…

[eyebamiblog]

Sanlam Flexi Edu Plus

FLEXI EDU PLUSPlan the future of your children by ensuring their education at all levels of education. See product details FlexiEdu Plus (Premium from 10,000 and above) Our FlexiEdu Plus helps every parent/guardian to plan a bright future for their child/ward, no matter the uncertainties of life. It also enables your child to achieve your heart’s desires if/when you are no longer there for…

[b2bbusiness]

Namibia Insurance Market Overview

The insurance market in Namibia is a vital component of the country's financial sector, playing a crucial role in mitigating risks, protecting assets, and fostering economic stability. With a diverse range of insurance products and services, the market caters to the needs of individuals, businesses, and institutions. This article provides an overview of the Namibia insurance market, examining its structure, key players, regulatory environment, challenges, and growth prospects.

Structure of the Namibia Insurance Market

Namibia's insurance market is composed of both life and non-life (general) insurance segments, offering a wide array of products to meet the varying needs of the population. These include life insurance, health insurance, motor vehicle insurance, property insurance, marine and aviation insurance, and more specialized policies such as agricultural insurance.

Life Insurance: This segment primarily offers products that provide financial protection in the event of death, disability, or retirement. Life insurance policies are popular among individuals seeking long-term financial security and estate planning solutions.

Non-Life Insurance: Non-life insurance, also known as general insurance, includes products that cover property damage, theft, liability, and other risks. Motor vehicle insurance is one of the most common types of non-life insurance in Namibia, driven by the country's growing automotive sector.

Key Players in the Market

The Namibian insurance market is characterized by the presence of several local and international insurance companies. Some of the prominent players include:

Old Mutual Namibia: A major player in the life insurance sector, offering a range of life and investment products.

Sanlam Namibia: Another significant entity in both life and general insurance markets, Sanlam provides a variety of financial services, including insurance, investment, and wealth management.

Momentum Metropolitan Namibia: Known for its comprehensive insurance solutions in both life and non-life segments.

Hollard Insurance: A key player in the non-life insurance market, offering diverse products such as motor, home, and business insurance.

Santam Namibia: Specializing in short-term insurance, Santam provides coverage for personal and commercial lines, with a focus on risk management.

Regulatory Environment

The Namibia Financial Institutions Supervisory Authority (NAMFISA) is the primary regulatory body overseeing the insurance industry in Namibia. NAMFISA's role includes licensing insurance companies, monitoring their activities to ensure compliance with regulatory standards, and protecting the interests of policyholders. The regulatory framework is designed to ensure the stability and integrity of the insurance market while promoting fair competition and consumer protection.

Challenges Facing the Market

Despite its growth potential, the Namibian insurance market faces several challenges:

Low Insurance Penetration: Insurance penetration remains relatively low in Namibia compared to more developed markets. A significant portion of the population is uninsured, primarily due to limited awareness of insurance benefits and affordability issues.

Economic Conditions: Namibia's economy has faced challenges in recent years, including slow growth, high unemployment rates, and inflation. These economic factors can impact the affordability and uptake of insurance products.

Regulatory Compliance: While regulatory measures are essential for maintaining market stability, compliance with evolving regulations can pose challenges for insurance companies, particularly smaller firms with limited resources.

Technological Advancements: The insurance industry is increasingly being shaped by technological innovations such as digital platforms, data analytics, and artificial intelligence. Adapting to these technological changes requires investment in infrastructure and skills development.

Growth Prospects

Despite the challenges, the Namibia insurance market holds significant growth potential. Factors contributing to this growth include:

Economic Recovery: As Namibia's economy gradually recovers, the demand for insurance products is expected to rise. A growing middle class and increased urbanization are likely to drive the uptake of life and non-life insurance policies.

Rising Awareness: Efforts by insurance companies and regulators to increase awareness about the importance of insurance are expected to contribute to higher penetration rates. Educational campaigns and financial literacy programs can help bridge the knowledge gap.

Product Innovation: Insurance companies are increasingly focusing on product innovation to meet the changing needs of consumers. Customized insurance solutions, micro-insurance products, and health insurance offerings tailored to specific demographics can attract new customers.

Digital Transformation: The adoption of digital technologies is transforming the insurance industry, making it more efficient and customer-centric. Online platforms for policy purchase, claims processing, and customer service enhance convenience and accessibility, attracting tech-savvy consumers.

Buy the Full Report for More Insights into the Namibia Insurance Market Forecast

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[voiceofentrepreneurlife]

Shriram Life Insurance experiences margin pressure in its rural business, according to the CEO

Shriram Life Insurance, supported by the Sanlam Group and Shriram Group, is facing margin pressure in its rural business due to consistently low levels of policy purchases and renewals, according to CEO and Managing Director Casparus Kromhout.

Kromhout mentioned that 40% of the insurer’s total business comes from rural areas, and despite the margin pressure, the company remains committed to this segment. “We are dedicated to this market and are constantly seeking new solutions and strategies,” he stated.

Other life insurers experienced pressure on their margins during the first quarter of the fiscal year 2025. For instance, ICICI Prudential’s value of new business (VNB) margin fell to 24 percent from 30 percent last year, while HDFC Life’s VNB margin decreased by 120 basis points to 25 percent.

According to Kromhout, one of the new strategies for Shriram Life Insurance to draw in additional business is to implement a speedy disbursement and resolution process. He declared, “We’ll be investing in capacity to keep serving the segment better, even with lower margins.” A 12-hour settlement window for prompt payments had already been implemented by the insurer. When there is no need for an investigation, this option is selected.

The insurer recorded a decrease in net profit on an annual basis from Rs 35 crore to Rs 27 crore in Q1 FY25. Compared to the same quarter the previous year, it sold 127,000 individual insurances, a 131 percent increase.Read More-https://voiceofentrepreneur.life/

[atomxmedia]

Watch Your Health Raises $5 Million In Series A Funding To Revolutionize Health Management

A Series A fundraising round worth $5 million has been successfully raised by Thane-based healthtech business Watch Your Health. Leading the fundraising were Singapore’s Conquest Global and India’s Cornerstone Ventures. This huge investment represents a critical turning point for the firm, which is ready to grow its user base, operations, and technology infrastructure.

Strategic Use of Funds

With the recently raised money, Watch Your Health intends to expand its activities both nationally and globally. Additionally, the funds will be utilized to improve the business’s technological prowess and open the door for the development of cutting-edge health management programs.

Co-founder of Watch Your Health Ratheesh Nair stated, “With this investment, we will be able to improve our technological infrastructure, grow our user base, and introduce cutting-edge health management solutions.” Nair underlined the business’s dedication to using cutting-edge technology to deliver tailored health advice and enhance user experience generally.

About Watch Your Health

Located in the business-to-business (B2B) healthtech sector, Watch Your Health was founded in 2015 by Ratheesh Nair, Abhitosh Pandey, Jay Patel, and Prachi Shinde. To improve user experience and engagement, the startup collaborates with pharmaceutical companies and insurers. Watch Your Health uses cutting-edge analytics to deliver individualized advice for lifestyle modifications, diet control, exercise regimens, and health enhancements.

The business wants to revolutionize health care by using individualized treatment plans and AI-driven insights. Our goal is to completely change the way individuals take care of their health by utilizing individualized care and AI-driven insights. We think that early health management is essential to a better future, and this financing helps us get there,” Nair continued.

Innovative Health Solutions

Watch Your Health aims to introduce several advanced health management solutions, including electronic behavior records, mental health support, advanced predictive analytics for disease prevention, chronic disease management, and post-hospitalization care programs. These solutions are designed to offer comprehensive support to users, ensuring they receive continuous and proactive health care.

Expanding Partnerships

Watch Your Health has established partnerships with numerous healthcare providers to integrate their services into its platform. Notable partners include Watania Takaful and Shalina Healthcare in the UAE. These partnerships enhance the startup’s ability to offer a wide range of health management services to a diverse user base.

The company competes with other healthtech startups such as HealthifyMe, GOQii, Zyla, Vitality, and Sanlam. However, Watch Your Health distinguishes itself through its robust use of intelligent algorithms and AI-driven insights.

Read more: Marketing News, Advertising News, PR and Finance News, Digital News

[findjobseasy]

[ad_1] Job title: Intermediate Software Engineer (Python, Backend) Company: Sanlam Job description: The Role We are looking for a Software Engineer to design, develop and maintain key parts of the core insurance... candidate 2+ years of software development experience (e.g. Software Engineer). Bachelor's Degree in a relevant field... Expected salary: Location: Bellville, Cape Town Job date: Sun, 25 Feb 2024 03:02:46 GMT Apply for the job now! [ad_2]

[mgakwentongbayan]

Sanlam Loan capfin login consolidation Credit

Articles Features lengthy-expression credits Brings any monetary stability at heart Has guarantee Offers progress hand calculators Sanlam loan consolidation credits are the way if you need to combine categories of unlocked cutbacks to your 1, controlled monetary. This will help reduce your price, and it will also provide the guarantee the gives a established getting. You should understand more…

[news-locus]

News24 Business | Sanlam banks on India as South Africa struggles

[jimi-rawlings]

Patrice Motsepe - Wikipedia

Patrice Tlhopane Motsepe (born 28 January 1962) is a South African mining billionaire businessman. Since 12 March 2021, he has been serving as the President of the Confederation of African Football.[2] He is the founder and executive chairman of African Rainbow Minerals, which has interests in gold, ferrous metals, base metals, and platinum. He sits on several company boards, including being the non-executive chairman of Harmony Gold, the world's 12th largest gold mining company, and the deputy chairman of Sanlam. In 2012, Motsepe was named South Africa's richest man (excluding Elon Musk), topping the Sunday Times' annual Rich List with an estimated fortune of R20.07 billion ($1 billion).[3] Almost a decade later in 2020, Motsepe was ranked as the 1,307th-wealthiest person in the world by Forbes, with a reported fortune of US$3.1 billion.

Gigi Buffon

[eyebamiblog]

Teachers, Sanlam Cares for your Better Future.

“Supporting Our Teachers, Supporting Our Future! Introducing Sanlam’s range of products specifically designed for teachers like you! Retirement Annuity: Secure your financial future with our tailored retirement solutions. Disability Cover: Protect your income and livelihood with our comprehensive disability cover. Life Cover: Give your loved ones the financial security they…

[zooinformblog]

Австралийский ретейлер Woolworths продолжает скупать сети зоомагазинов

Крупнейший в Австралии продуктовый ретейлер Woolworths Holdings Limited объявил о своём намерении приобрести 93,45% акций частной сети зоомагазинов Absolute Pets (Pty) Ltd у нынешних владельцев — Sanlam Private Equity и Absolute Pets management. Оставшийся пакет акций также станет собственностью ретейлера спустя некоторое время после завершения основной сделки. Компания Absolute Pets была основана в 2005 году и стала ведущим специализированным розничным продавцом товаров для домашних животных в Южной Африке. Сеть включает 150 магазинов по всей стране, груминг-салоны и пункты передержки, а также интернет-зоомагазин. В 2022 году Woolworths Holdings Limited инвестировала $586 млн в семейный бизнес Petspiration Group, владельца и оператора сети зоомагазинов PETstock. Этот ретейлер работает в Австралии и Новой Зеландии и включает более 270 торговых точек. Источник: Woolworths Holdings Читать по теме: Amazon рассматривает перспективы выхода на рынок ветеринарных услуг Сеть американских ветклиник Bond Vet планирует за год открыть 60 новых ветучреждений ADM инвестирует $33 млн в производство кормов для животных в Мексике Read the full article

[voiceofentrepreneurlife]

Shriram Life Insurance experiences margin pressure in its rural business, according to the CEO

Shriram Life Insurance, supported by the Sanlam Group and Shriram Group, is facing margin pressure in its rural business due to consistently low levels of policy purchases and renewals, according to CEO and Managing Director Casparus Kromhout.

Kromhout mentioned that 40% of the insurer’s total business comes from rural areas, and despite the margin pressure, the company remains committed to this segment. “We are dedicated to this market and are constantly seeking new solutions and strategies,” he stated.

Other life insurers experienced pressure on their margins during the first quarter of the fiscal year 2025. For instance, ICICI Prudential’s value of new business (VNB) margin fell to 24 percent from 30 percent last year, while HDFC Life’s VNB margin decreased by 120 basis points to 25 percent.

According to Kromhout, one of the new strategies for Shriram Life Insurance to draw in additional business is to implement a speedy disbursement and resolution process. He declared, “We’ll be investing in capacity to keep serving the segment better, even with lower margins.” A 12-hour settlement window for prompt payments had already been implemented by the insurer. When there is no need for an investigation, this option is selected.Read More-https://voiceofentrepreneur.life/

[krispybluebirdstarlight]

Atomos hires Harrogate lead from Brooks Macdonald

Financial Planning-focused wealth manager Atomos has appointed Team GB para ice swimmer Jonty Warneken as head of its Harrogate office. He will work with the existing Atomos team to continue to build the office. Mr Warneken previously worked at Atomos’s former owner Sanlam Wealth for almost seven years until 2019, when he joined wealth manager Brooks Macdonald. There he was responsible for the…

[findjobseasy]

[ad_1] Job title: Senior Software Engineer (Python,backend) Company: Sanlam Job description: experience (e.g. Software Engineer). Bachelor's Degree in a relevant field or equivalent professional experience. Expert-level... and internationally through a network of 2,700 intermediaries and direct channels. The role We are looking for a Senior Software... Expected salary: Location: Bellville, Cape Town Job date: Sun, 25 Feb 2024 06:18:06 GMT Apply for the job now! [ad_2]

[ailtrahq]

South Africa is developed with abundant resources and a young population. It is a rising economy that gives plenty of opportunities for entrepreneurs to grow. As a result, it is home to some very promising organizations with impressive figures. Moreover, these companies have done a great job of distributing dividends and other forms of profits. As the organizations are growing, the investors are getting good value for their money. The growth is such that they are even attracting foreign investors now. These companies are established and they’re expanding as well. Thus, they give great chances for traders to make in the short as well as long term.  SA Stocks Expected to Outperform This September Experts have picked these companies based on multiple parameters. It includes the company’s performance, industry evaluation, and some external factors. MTN Group Ltd (JSE: MTN)  MTN is a major telecommunications company operating in over 20 nations. Besides Africa, it provides services in the Middle East and some Asian countries as well. It offers voice and data services to governments, individuals, and businesses. Its current dividend yield is 3.38% and it’s been paying it since 2006. It has kept the traders very happy with its performance. Sanlam Ltd. (JSE: SLM) Sanlam is a major financial service provider that is operating in African nations. Its portfolio includes a wide array of services including investments, savings, insurance, etc. Its current dividend yield is 1.94% and it has been paying it since 2003. With an extensive range of exemplary services, it has maintained a high-profit generation. AECI Ltd. (JSE: AFE) AECI deals with chemicals and explosives while having reach in more than 40 countries. It maintains a wide spectrum of products that include agrochemicals, specialty chemicals, mining chemicals, and explosives. Its current dividend yield is 6.25% and it has been paying dividends since 1990. It has impressed its investors with consistent growth and returns as well. African Rainbow Minerals Ltd. (JSE: ARI) ARI is a major mining company with operations in various African nations. It is accountable for providing a large number of metals including gold, nickel, copper, and iron ore. Its current dividend yield is 5.91%. Furthermore, its extensive and efficient operations have enabled the company to make profits every quarter. Barloworld Ltd. (JSE: BAW)  Barloworld is a major South African conglomerate with a presence in over 19 countries. It operates in finance, logistics, rentals, automotive, and industrial equipment. It has a dividend yield of 3.90% currently and has solid prospects for the future too. The company has been a great profit generator for the past few years.  Conclusion With investment in these stocks, investors can certainly ensure great profits. Moreover, they can ensure long-term growth too. They can become a perfect addition to a balanced portfolio and can raise profit ratios. Still, investors are advised to do their legwork before putting their money in any instrument. Hence, with some analysis and study, they can certainly be worthy in South African companies as well. Source