Sanlam General Insurance records N11.4bn gross written premium

According to the company’s latest financial report, Sanlam General Insurance Nigeria Limited posted a Gross Premium Written (GPW) of N11.4 billion and paid N3.1 billion in claims in 2022.

This feat according to the company marks another successful year for Sanlam which rebranded from FBN General Insurance Limited in September 2022. Since the divestiture of FBN Holdings’ 65 percent stake in June 2020, Sanlam Nigeria is now fully owned by the Sanlam Group, South Africa.

Bode Opadokun, managing director/CEO of the Insurance company, said: “The N11.4 billion GPW reflects Sanlam General Insurance Nigeria Limited’s ability to provide high-quality insurance services to its clients, leading to continued financial growth.

“The company’s financial success in 2022 is a testament to its commitment to providing innovative solutions to meet the diverse needs of its clients, offering both personal and business insurance products.

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Opadokun restated the company’s commitment to satisfying its clients, come rain, come shine. “At Sanlam General Insurance, we take our business of risk management very seriously and there is no gainsaying that the settlement of genuine claims is our primary obligation to our esteemed policyholders.”

He reassured the customers of the firm’s ongoing commitment to keep their trust while upholding the company’s status as a top insurance brand in the market. “Our customers trust us to be there for them; therefore, we will stop at nothing to keep our promises of exceptional customer service and prompt service delivery. We are committed to exceeding all our stakeholders’ expectations at all times,” he assured.

The company aims to strengthen its presence in Nigeria and beyond by developing new and innovative insurance products, leveraging advanced/ state -of- the art technologies, and building strategic partnerships to better serve its clients and contribute to the growth of the African continent.

Sanlam has grown to become Africa’s largest non-banking financial services group, with a strong presence in 33 countries on the African continent, and a niche presence in India, Malaysia, the United Kingdom, and Australia. The brand operates in eight out of the 10 largest economies in Africa, with over 154,000 employees globally, delivering superior value to customers, shareholders, and the broader society.