SanlamAllianz Madagascar Assurances

What SanlamAllianz Madagascar Assurances does

SanlamAllianz Madagascar Assurances is a Madagascar-domiciled insurance entity founded in 2005, headquartered in Antananarivo, and operating under the dual-branded SanlamAllianz joint venture between South African financial group Sanlam and German financial group Allianz. The company serves the Malagasy insurance market, with its website at mg.sanlam.com indicating a local web presence. With only 23 employees, the operation is small in scale and likely relies on its parents' actuarial, reinsurance, and product engineering capabilities rather than substantial in-house technical infrastructure.

No specific product lines, distribution channels, pricing models, or technology stack are disclosed in the available source data. The revenue model is implicitly that of a general insurance licensee earning premiums and investment income on float, but no financial figures (gross written premium, revenue, or net income) are publicly available. Customer segments, named clients, and channel mix are also unspecified.

The firm functions as a country-level franchise within the broader SanlamAllianz Africa strategy, leveraging the brand, capital, and reinsurance access of its two parent groups to compete in one of Africa's smaller insurance markets. Governance, ownership splits, and management composition are not documented in the provided inputs, and the sole resolvable source attribution confirms only that the entity serves Madagascar.

Name

SanlamAllianz Madagascar Assurances

Website

https://mg.sanlam.com

Company type

Private

Headcount range

11–50 employees

Short description

SanlamAllianz Madagascar Assurances is a Madagascar-based insurance joint venture between Sanlam and Allianz, founded in 2005 and headquartered in Antananarivo, serving the Malagasy insurance market with a small 23-person team.

Ownership category

akta.pro rank

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Core offering

SanlamAllianz Madagascar Assurances is an insurance company operating in Madagascar, providing general and life insurance products to customers in the local market. As a joint venture between Sanlam and Allianz, it leverages international underwriting expertise to serve Malagasy policyholders. Specific product-level details were not available in the source data.

Differentiator

Problem solved

Functional benefit

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves1 record

Expansion highlights1 record

Regional players

• Britam Holdings: East African insurance and financial services group; comparable as a regional multi-line insurer with similar product breadth, though primarily operating in Kenya and neighboring markets rather than Madagascar.
• UAP Old Mutual: Pan-African insurance group with East African focus; comparable as a multi-line insurer serving similar emerging-market customers, though operating primarily outside Madagascar.
• Jubilee Insurance: East African insurance group operating in Kenya, Uganda, Tanzania and beyond; comparable as a regional multi-line carrier with similar product portfolio and target customer base, though focused on a different geography.

Broad incumbents

• Sanlam: Leading South African financial services group and JV partner; comparable as the parent and as a Pan-African insurance and investment operator with overlapping product categories.
• Allianz: Global insurance giant and JV partner of Sanlam in the Madagascar entity; comparable as the parent and broader portfolio operator underwriting similar lines globally.
• Old Mutual: Major Pan-African financial services group with insurance operations across multiple African markets; comparable as a multi-line insurer competing for similar retail and corporate customers.
• Hollard Insurance: South African-headquartered insurance group with operations in multiple African markets; comparable as a multi-line carrier competing for similar distribution and product positioning.
• Liberty Holdings: South African life and investment insurer with African footprint; comparable as a long-established insurer offering life and related products to similar emerging-market customer segments.

Direct peers

• AXA Madagascar: International insurer with a direct presence in Madagascar offering general and life insurance products, competing for the same corporate and individual customer base as SanlamAllianz Madagascar Assurances.
• NY Havana Assurances: Local Madagascar insurance company offering general insurance products to individuals and businesses; directly comparable as a domestic competitor sharing the same regulatory and customer environment.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/sanlamallianzmadagascar

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SanlamAllianz Madagascar Assurances