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Tag Archives | Sanlam

accountant

How to win your professional clients’ loyalty for the long term

Most intermediaries will agree that finding cover that completely addresses the needs of professionals is a tough ask. This market faces myriad unique challenges. There needs to be a greater understanding of what professionals really need – and a corresponding, cost-effective product selection to address this. This starts by ensuring your client has a valid […]

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Sanlam

Santam flood claims hit Sanlam’s earnings

Sanlam has reported “a creditable performance” for the first four months of this year, with “strong results” in the life insurance and investment management businesses offsetting weak general insurance and credit business results. Although its life insurance business recorded much lower Covid-19 excess mortality claims, Santam – the short-term insurer in which it holds a […]

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new-business

Momentum and Sanlam the only major life insurers to grow new business above pre-Covid levels, says PwC

Momentum Metropolitan Holdings (MMH) and Sanlam are the only major life insurers in South Africa to have grown the value of their new business relative to pre-Covid levels, according to PwC. PwC based this conclusion on an analysis of the financial results of Discovery, Liberty Holdings, MMH, Old Mutual and Sanlam for the year to […]

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debarment

Tribunal doesn’t accept debarred rep’s attempt to walk back admission

The Financial Services Tribunal (FST) as upheld the FSCA’s decision to debar a life insurance representative who admitted that she submitted unauthorised policy applications but subsequently sought to qualify her admission. What is interesting about this case is that it provides clarity on the process involved when the FSCA debars a rep, rather than the […]

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sanlam-building

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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SA doesn’t need more than 50 retirement funds, says Sanlam’s Gluckman

SA doesn’t need more than 50 retirement funds, says Sanlam’s Gluckman

David Gluckman, the chairperson of the Sanlam Umbrella Fund, the third-largest umbrella fund in South Africa, has backed calls by National Treasury and Finance Minister Enoch Godongwana for greater consolidation in the retirement-funding industry. Gluckman, who is also the head of special projects at Sanlam Corporate, told the Sanlam Umbrella Fund Symposium last week that […]

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