Sanlam plans expansion into Egypt, Morocco

INVESTMENT WATCH- South African insurer Sanlam intends to enter the Egyptian and Moroccan markets,Reuters reports. The firm is looking to take an equity stake in an Egyptian player. The company’s expansion plans appear to be at least partly fueled by weak growth at home and challenging conditions in several of its expansion markets. Worth remembering: Egypt’s market already sees too many players chasing market share rather than looking to grow the overall size of the market, Misr Insurance Holding Company chief Basel El Hini told us for our 2019 CEO Poll.