Santam’s bold strategy curbs underwriting challenges, drives growth
Santam will ramp up efforts to tackle increased weather- and fire-related risks by implementing measures such as adjusting premiums and setting stricter risk limits.
Santam
Shifting risk landscape to impact cost of reinsurance even further
Industry leaders caution against the ‘new normal’ in reinsurance costs, emphasising the need for a comprehensive strategy to navigate escalating challenges.
Insurance crime threatens economic growth: expert urges collaborative action
Dr Jerry Chetty, Head of Business Integrity at Santam, examines the interconnectedness of insurance crime and the need for it to be dealt with as a priority crime.
South Africans rally behind local businesses
Santam’s Most Loved Local Report identifies a shift in consumer priorities, as good overall experience and value for money take centre stage.
Don’t simply assume your policy covers you for hail damage
Steps the insured can take to enhance the likelihood of a successful claim.
Underwriting actions are bearing fruit, says Santam
Interim profit from conventional insurance almost doubles despite significant claims for fires, floods in the Western Cape, and earthquakes in Türkiye.
Significant Santam legal victory in dispute over vehicle storage costs
The insurer was entitled to provide security for the disputed balance of the storage costs to have the motor vehicle released and stop incurring further charges.
Weather and power surge claims hit Santam’s underwriting profits
Loadshedding, inflation, and high interest rates are squeezing consumers’ finances.
Santam introduces power surge excesses and exclusions as claims jump
What policyholders should know about the general exclusion for damage caused by electricity grid failure or interruption.
Monday briefing: a round-up of recent financial services news
Two-thirds of CEOs expect unrest | Funds with exposure to Transaction Capital
Thursday briefing: a round-up of recent financial services news
OM concerned about lapses | OM 2022 results | Santam buys MTN’s device book | RAF seeks to appeal claims ruling.
Sanlam net results hit record high in 2022
But new business volumes from life insurance operations fall 10%.
Santam alerts advisers to email interception cyber scam
Provides guidelines on how to avoid being caught out.
Santam pays record R29.8bn in claims in 2022
Another year of high pay-outs following Covid in 2020 and the unrest in 2021.
Santam clarifies the impact of grid failure exclusion on power surge cover
The intention of the grid failure exclusion is not to cancel power surge cover, the insurer says.
Thursday briefing: a round-up of recent financial services news
SA unit trust returns | Flood claims | Santam profits warning | Insuretech raises $17m | Sanlam-AfroCentric deal | Business account fees.
Sanlam pays tribute to ‘titan’ Desmond Smith
It says Smith played a key role in laying the foundation for the financial services group as it currently exists.
