Through the adoption of global sustainability reporting standards, strong ESG governance, impactful community partnerships and award-winning corporate governance practices, Sanlam Allianz Holdings (Kenya) PLC is demonstrating how insurance can be a powerful force for sustainable development and economic resilience. With the insurance penetration rate in Kenya being less than 3%, there is need for insurers to leverage on the growing need of providing sustainable insurance in terms of products and services, customized to the need of Kenyans.
According to Dr. Nyamemba Patrick Tumbo, Group Chief Executive Officer, Sanlam Allianz Holdings (Kenya) Plc, sustainability is fundamental to the company’s purpose and long-term value creation. With the growing regulatory expectations in Kenya on how organizations embed Environmental, Social and Governance (ESG), Sanlam Allianz (Holdings) Kenya Plc has aligned its Sustainability Reports for every year from 2022 to 2025 progressively, in accordance with the Global Reporting Initiatives (GRI) and IFRS S1 S2 sustainability reporting standards from the 2025 Annual Sustainability report.
In Kenya, the insurance sector plays a critical role in how it integrates Sustainability into its Governance framework in areas like underwriting, investments, operations and stakeholder engagement not only for managing emerging risks but also for maintaining competitiveness and building resilience in an increasingly complex world.
Jacqueline Karasha, Chief Executive Officer, Sanlam Allianz Life Insurance (Kenya) Limited‚ confirms that ESG integration begins at the Governance level and the business has committed to implementing sustainable business practices in the product offering, transformation of processes, innovation and continuous improvement. Sanlam Allianz Life Insurance (Kenya) Limited will continue to embrace sustainable partnerships through shared value creation as we help to create a better future as strategic and sustainable partnerships play a pivotal role in advancing sustainability initiatives that contribute positively to our Environment, our communities and our stakeholders through shared values and a common purpose.
By embracing sustainability, insurance can remain resilient and future proof by not only looking at profits but also taking into consideration its impact to the environment, society and contribution to the economy in addition to its Governance considerations.
Margaret Kariuki, Regional Head of Sustainability in East Africa at SanlamAllianz states that as an insurer, our role extends beyond providing risk protection. We have a responsibility to support sustainable economic growth, strengthen community resilience and create shared value for our stakeholders. Through strong governance, responsible business practices and sustainability-led innovation, we are building a future where more people can live with confidence.
Sanlam Allianz Holdings (Kenya) Plc remains committed to continuous improvement while upholding the highest standards of ethical business conduct in our sustainability journey.