Several scenarios – ranging from a global alliance to the signing of several separate agreements depending on the geographical area – had been evoked in the African markets since the announcement, in December 2021, of the opening of discussions on the formation of a “strategic partnership” between the Munich-based colossus (revenue of €148.5bn [$156.1bn] in 2021) and the African insurance leader ($9bn in revenue in 2020).
This joint venture will be the largest pan-African insurance player
