The health of the South African economy depends on a robust,
inclusive and responsible short-term insurance industry where
insurance offers policyholders real value. This is particularly the
case in challenging economic times marked by financial market
volatility, slowing of domestic and personal income growth, growing
competition, a weakening rand, higher motor repair and other costs,
and increasing systemic risk. The pooling of risk is essential to
the financial security of individuals and businesses.
At Santam, we believe in the simple principle that insurance
should add value, not questions and uncertainty. This has been our
philosophy since we first opened our doors 96 years ago on
1 May 1918.