
Santam underwriting surge lifts profitability well above targets
Lower weather-related claims and disciplined pricing helped lift underwriting profitability in 2025, pushing margins above the insurer’s long-term target range.

Lower weather-related claims and disciplined pricing helped lift underwriting profitability in 2025, pushing margins above the insurer’s long-term target range.

It is now easier for brokers and policyholders to place business with Lloyd’s, particularly for personal indemnity, cyber, marine trade, and mining exposures.

South Africa’s leading short-term insurer is set to underwrite international property, marine, cyber, and more from January 2026.

The anticipated gross written premium for 2026 is between R6.9bn and R9.2bn.

The complexities of prescription periods and cross-jurisdictional disputes can lead to significant insurance reserving and cost implications.