In addition, the Sanlam Group operations are managed through four operating clusters:
The core businesses within each cluster are as follows (wholly owned unless otherwise indicated):
Financial services for individuals and groups in the entry-level market
Financial services to the middle-income, professional and business-owner markets
Financial services for the affluent market
Consists of the following diversified financial services:
Sanlam Emerging Markets (SEM) is responsible for Sanlam’s financial business services (life assurance, general insurance, banking, credit, health, bancassurance and asset management) in emerging markets outside South Africa. Its objective is to ensure sustainable delivery and growth across the various businesses that make up this cluster.
As part of the Group’s vision, it strives to lead wealth creation in these markets. SEM has businesses in Botswana, Namibia, Malawi, Kenya, Rwanda, Tanzania, Zambia, Ghana, Nigeria, Uganda, Mozambique, India and Malaysia and has an indirect presence via our associate companies in The Gambia, Burundi, Lesotho, Swaziland and the Philippines.
Sanlam has a 46,6% stake in Saham Finances, the insurance arm of the Saham Group. As the largest insurance group in Africa outside of South Africa, Saham Finances is the market leader in most of the 26 countries in which it operates. Its unique service offering to private individuals, professionals and companies include life insurance, general insurance, reinsurance, third-party administration in the healthcare space, and assistance.
Here's more on Sanlam Emerging Markets' businesses.
SEM provides retail and group life insurance in various emerging market countries, which currently include the following:
SEM is involved in providing credit and banking facilities and services through a number of companies outside South Africa, which include:
Through partnerships with Sanlam Investment Management and Botswana Insurance Holdings Limited, SEM provides investment management services in the following emerging market countries:
In partnership with Santam, SEM is jointly responsible for managing general insurance business through:
Sanlam has an effective 60% interest in Santam, which in turn operates through the following businesses: