| 1982 |
The home services business of African Eagle Life becomes a separate subsidiary company under the name of African Life Assurance Company Ltd and has assets of R38.3 million at year-end. The company targets middle to lower income groups in South Africa, and 100% of its business in cash, collected by representative at the home of the Policyholder
The first company to offer clients a “cooling off” period, giving them a 14-day money back guarantee on all products sold to them
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| 1989 |
Political turmoil makes home service premium collection increasingly risky, and we convert to collecting 50% of our premiums by alternative methods
By the end of 1989, The Company’s total assets reach R100 million for the first time
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| 1990 |
In November, The Company lists its shares on the JSE for the first time
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| 1991 |
The Company’s “cooling off” period, during which it offers clients a money-back guarantee, is extended to 30 days
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| 1994 |
The first listed insurance company with a majority of shares held by shareholders representing the black community
The Company becomes the market leader in group funeral business and the first to introduce wider family funeral cover |
| 1995 |
In November, The Company acquires a 25% stake in Botswana Insurance Holdings, and a 40% shareholding in Lesotho National Life Insurance Company
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| 1996 |
Total assets exceed R1 billion for the first time, recurring premium income increases by 52% to R255.3 million, and a single premium business increases by 137% to R219.3 million
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| 1997 |
In April, The Company takes a controlling interest in Botswana Life Insurance Limited
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| 1998 |
Life Office of Namibia is formed as a Greenfield venture in Namibia, with The Company as one of the shareholders
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| 1999 |
A pioneer in the South African healthcare market, introducing capitation healthcare products
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| 2000 |
Total assets reach R7.4 billion (1999: R5.9 billion), with recurring premium income of R1.2 billion (1999: R896 million)
The Company enters the Ghanaian life insurance market; the FirstRand Group becomes The Company’s dominant shareholder (through its Momentum subsidiary), following FirstRand’s takeover of Southern Life
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| 2001 |
Buy’eKhaya Benefit (the BRB) was introduced. This benefit transports the deceased and a family member to the place of burial anywhere in South Africa, at no cost to the family
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| 2002 |
The Company obtains its licence to operate in Zambia
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| 2003 |
Introduction of Moemedi® Benefit which offers clients free legal advice when they need it
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| 2004 |
In November, the South African operation of The Company becomes the first assurer in the country to lift HIV / AIDS exclusions and limitations from all existing and new policies
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| 2007 |
The Company is the first to develop a solution with a survivor plan, a solution that pays out money to clients for taking care of themselves and staying alive
From a client service perspective, the Orange Index rated Sanlam number one in the long-term insurance industry sector for the second year running
For the 2nd year running in 2007, Sanlam was rated first in the long term insurance industry for client service in the independent Ask Africa Orange Index customer service award in the Western Cape and was the only financial institution among the top three of the National Business Processing Enabling South Africa awards. It was also voted one of the top 100 call and contact centres in the world.
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| 2008 |
Sanlam received an A rating against the Financial Sector Charter for its Broad-based Black Economic Empowerment initiatives. This is the highest rating financial services companies can achieve.
Sanlam was ranked as the 19th (56th in 2006) most empowered company listed on the JSE Empowerdex.
For the 4th consecutive year, Sanlam was listed on the JSE Socially Responsible Investment Index, which for the first time adopted international criteria.
Sanlam received positive corporate governance assessment by the Deutsche Bank measured against an international best practice set of criteria in 2007
Sanlam Investment’s flagship fund, The Sanlam Global Best Ideas Fund, has been top 10 out of 600 global peers in 2007 and the Sanlam Global Financial Fund was rated by Morningstar as number one over all reporting periods since its inception in 2004.
For the 8th time since its listing in 1998, the Investment Analysts Society of Southern Africa voted Sanlam as the best communicator to its sharteholders in the Financial – Life Assurance and Insurance Sector of the JSE in 2007
The Board Barometer, compiled by Terranova and Leaders Unlimited in 2008, rated Sanlam’s Board of Directors among the top 3 out of 110 listed companies in terms of composition and performance.
The Reputation Institute rated Sanlam as the third best company in the country
From a client service perspective, the Orange Index rated Sanlam number one in the long-term insurance industry sector for the second year running
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