Sanlam Kenya Partners With Sompo to Strengthen its Presence in East Africa

Sanlam Kenya has entered into a new partnership with the Japanese insurance and reinsurance company, Sompo Holdings, to expand its influence and investments in Africa. This is according to a report by Capital Business.

Sanlam kenya CEO, Mr. Patrick Tumbo, says the partnership provides Sanlam with access to the East African region and affirms the firm’s business strategy to continuously seek growth opportunities and improve our products and services.

“We look forward to leveraging Sompo’s distribution channels and technical expertise,” he said.

Mr. Tumbo also noted that the alliance would provide Sanlam with access to the East African region and support its growth opportunities in Kenya.

The two firms entered into a first partnership agreement in October 2017 through Sompo Japan Nipponkoa Insurance, with the aim of providing long-term insurance support to its corporate clients across Africa.

Daisuke Taoka, the Head of Sompo Japan Nipponkoa Insurance Johannesburg Representative office said the alliance will allow the Japanese company to position itself as a strong insurance and reinsurance player through its presence in Kenya.

“It will also provide a much better service to our Japanese customers entering the country.” said Daisuke.

According to Daisuke, Sanlam Kenya’s expertise complements Sompo’s strengths and that Sompo was proud to be associated with a company that is built on a rich heritage.