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. Through SEM, Sanlam has a direct presence in 33 countries across Africa, which stretches from the Cape to the Maghreb and East and West Africa, giving it unmatched access to the continent's insurance market.
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:
Sanlam Corporate is a recently formed business, targeting chosen corporate clients and offering financial solutions underpinned by: