{"id":476612,"date":"2022-11-01T09:54:32","date_gmt":"2022-11-01T09:54:32","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=476612"},"modified":"2022-11-01T09:54:39","modified_gmt":"2022-11-01T09:54:39","slug":"sanlam-and-mtn-groups-insurtech-alliance-kicks-off-as-transaction-is-approved","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2022\/11\/01\/sanlam-and-mtn-groups-insurtech-alliance-kicks-off-as-transaction-is-approved\/","title":{"rendered":"Sanlam and MTN Group\u2019s InsurTech alliance kicks off as transaction is approved<\/em><\/strong>"},"content":{"rendered":"
<\/div>\n

Sanlam and MTN Group are pleased to announce that our strategic alliance to market and distribute insurance and investment products across Africa has reached a significant milestone with the fulfilment of the regulatory, competition and other requirements. The effective date of the transaction is 31 October 2022.<\/p>\n\n\n\n

The strategic alliance will be implemented through MTN Group\u2019s InsurTech platform aYo Holdings (aYo) and each partner will hold 50% of aYo.<\/p>\n\n\n\n

Through aYo, the alliance will continue to build and develop digital insurance and investment offerings that provide people across Africa with easier access to Sanlam\u2019s products, particularly those people who have typically been unable to access traditional distribution channels.<\/p>\n\n\n\n

MTN Group President and CEO Mr Ralph Mupita said the alliance was aligned to the Group\u2019s strategic intent to lead digital solutions for Africa\u2019s progress: \u201cWe are confident that this alliance will build and leverage the strengths and assets of both companies to establish a digital insurance and investment capability across Africa.\u201d<\/p>\n\n\n\n

Said Sanlam Group CEO, Mr Paul Hanratty: \u201cWe are delighted to reach such a critical stage in our drive to deepen penetration of insurance and investment products across Africa through strategic partnerships.\u201d<\/p>\n\n\n\n

We are confident that a strong foundation is in place for this alliance. Sanlam believes that this strategic alliance with the MTN Group will make a considerable contribution to financial inclusion in Africa.\u201d<\/p>\n\n\n\n

By leveraging off the MTN brand, Sanlam\u2019s licensing, broad product capabilities, financial services expertise and both group\u2019s geographical footprint across the continent, the alliance has the potential to pre-empt and adapt to digital disruption in markets where both companies operate.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

Sanlam and MTN Group are pleased to announce that our strategic alliance to market and distribute insurance and investment products across Africa has reached a significant milestone with the fulfilment of the regulatory, competition and other requirements. The effective date of the transaction is 31 October 2022. The strategic alliance will be implemented through MTN<\/p>\n","protected":false},"author":527180,"featured_media":476613,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12591,16068],"tags":[537,3719],"class_list":{"0":"post-476612","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-feature","8":"category-fintech-telecom","9":"tag-mtn","10":"tag-sanlam","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"\nSanlam and MTN Group\u2019s InsurTech alliance kicks off as transaction is approved - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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