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Tag Archives | group risk insurance

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Are we paying too much for group insurance?

In the desperate times of the cascading waves of Covid-19, South Africa’s life insurers, and especially group insurers of employee-based schemes, played a critical role in ensuring financial inclusivity by providing insurance cover to claimants. Group policies provided financial assistance to thousands of families who suffered the loss of their loved ones during the pandemic. […]

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Sanlam calls for ‘reason to prevail’ in the pricing of group risk insurance

The group risk market has been “consistently under-pricing” premiums for pandemics, and Sanlam hopes that “more rational pricing” will prevail in future, Sanlam’s financial director, Abigail Mukhuba, said during the group’s annual results presentation on 10 March. Sanlam reported a strong performance in the year to the end of December 2021. It achieved its aim […]

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