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.
