Freak Joburg hailstorm to hit insurers hard
Recent events are likely to lead to higher premiums for policyholders.
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Recent events are likely to lead to higher premiums for policyholders.
‘We had a very tough H1, 2022. I'll characterise it as a perfect storm of weather, investment volatility, economic pressure from inflation, and load shedding’: CEO Tava Madzinga.
The KwaZulu-Natal floods alone cost Santam R4.4 billion, with its reinsurers providing huge support.
The KwaZulu-Natal floods alone cost Santam R4.4 billion, with its reinsurers providing huge support.
Outgoing Santam CEO Lizé Lambrechts hopes the outstanding lockdown-related business interruption claims will be paid before she leaves.