In South Africa, the Sanlam Group Chief Executive was elected chairman of ASISA, the insurance and investment industry body.
Sanlam is involved in the government, business and labour initiative launched in South Africa following the unfortunate change in Finance Ministers at the end of 2015 and the subsequent political and policy uncertainty. This initiative is aimed at delivering inclusive growth for all South Africans in support of accelerated long-term economic growth and sustainability. Progress was unfortunately slow during 2017, but we expect renewed traction in 2018 following the change in leadership at the African National Congress.
We furthermore contribute extensively to new proposed regulations and legislation. These included the new Solvency Assessment and Management and Twin Peaks regimes.
Refer to Our regulatory environment for further information.
We follow a similar engagement approach outside South Africa. During 2017, our main contributions were: input towards the development of risk-based capital regimes in certain markets; and a proposed compulsory government re-insurance scheme in Namibia.
In the Resilience Report we explain more about the ways in which Sanlam supports governments by investing for economic growth and financial stability.