Africa-Press – Mauritius. The importance of the financial services and insurance sector within the ongoing Vision 2050 consultations was highlighted by the Minister of Financial Services and Economic Planning, Dr Jyoti Jeetun, yesterday, at the official launch of SanlamAllianz Mauritius at The Residence Mauritius in Belle Mare.
The Minister recalled that the industry remains a key pillar of the economy while supporting innovation, job creation and Mauritius’ transition towards a more sophisticated and resilient financial services landscape.
The event celebrated the establishment of SanlamAllianz Mauritius as a new insurance and reinsurance entity. The ceremony was held in the presence of the top management from SanlamAllianz, along with other personalities.
In her address, Minister Jeetun underlined that the establishment of SanlamAllianz Mauritius was fully aligned with Government’s vision of positioning the Mauritius International Financial Centre as a destination of choice and a key conduit for capital flows between Africa and Asia. She described the merger as a significant milestone with the potential to reshape the insurance and reinsurance ecosystem by combining the financial strength, expertise, technological know-how and global reach of Sanlam of South Africa and Allianz of Germany.
Dr Jeetun pointed out that the merger was expected to generate positive spillovers for the insurance industry through the development of more diversified insurance products, increased competition, and enhanced underwriting and reinsurance capacity onshore.
