
Santam joins insurers rewarding claim-free customers with cashback
The new programme pays qualifying policyholders 10% of premiums back after claim-free periods, reflecting the growing use of rewards to build customer loyalty.

The new programme pays qualifying policyholders 10% of premiums back after claim-free periods, reflecting the growing use of rewards to build customer loyalty.

The FSCA says the information helps it to monitor the extent to which insurers are delivering fair outcomes for consumers.

Santam says clients are opting for core covers only, part-insuring assets, increasing excesses, and taking risk-mitigation measures to reduce premiums.

Two-thirds of brokers say they want plain-language breakdowns of extensions and exclusions, according to the 2025 Santam Insurance Barometer.

The information will help the Authority to monitor the extent to which insurers are delivering fair outcomes for consumers.

The financial services group reports a 17% rise in normalised operating profit to R11.6bn, with strong performance from its South African businesses.

The information will help the Authority to monitor the extent to which insurers are delivering fair outcomes for consumers.