Sanlam, Standard Chartered seal Kenya insurance deal

Group Chief Executive Officer Sanlam Kenya, Mugo Kibati (left) and Standard Chartered Bank Chief Executive Officer, Lamin Manjang (right)
exchange a handshake sealing the partnership deal to provide general insurance through the bank’s wide spread distribution channels, at the
Stanley Hotel, Nairobi.

From MARIA MACHARIA
NAIROBI, (CAJ News) – NON-bank financial services firm, Sanlam Kenya, has partnered with Standard Chartered Bank Kenya to distribute general insurance products to its existing and potential customers.
The distribution will be through their widespread distribution channels, through subsidiaries, Sanlam General Insurance and Standard Chartered Insurance Agency.
Standard Chartered Chief Executive Officer, Lamin Manjang, said the agreement would make the bank a one stop financial service provider.
“We now have a diverse and rapidly evolving distribution platform here in Kenya including a direct and online capability and strong financial adviser and agent network, all of which benefit from the strength of the Standard Chartered Bank brand,” Manjang said.
The partnership combines Bank’s experience and Sanlam Kenya’s deep insurance expertise to innovate and create value add products.
Sanlam Kenya Group CEO, Mugo Kibati, said the agreement demonstrated commitment to the future enhancement of insurance distribution in an effort of increasing market penetration in the country.
“Our life insurance markets will be significantly enhanced with this new distribution channel. We are ready for it,” Kibati said.
 CAJ News

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