Santam Namibia Limited is a leading short-term insurance company offering insurance products for personal, corporate, commercial and agricultural needs as well as specialized insurance for particular requirements. Santam Namibia has recently extended its product offering with the launch of new products to cater for the changing and individual needs of the short-term insurance market.

Capricorn Investment Holdings Limited holds a 30% share in Santam Namibia, with 10 % shareholding held by Nam-mic Financial Services Holdings (Pty) Limited as an economic empowerment partner.

Santam Namibia is privileged to have Nam-mic Financial Services Holdings (Pty) Limited as its empowerment partner and believes that the relationship presents new opportunities for Santam Namibia and NFS with a strong competitive edge in the short term underwriting market. The parties continue to exploit synergies and leverage advantages in order to realise the expected returns on the investment.

Santam Namibia received the PMR award for the best short term insurer in Namibia for the fourth consecutive year. During the period under review a market survey was also conducted among business partners (brokers) and the feedback received was very positive.

As regards the future outlook for Santam Namibia, the company will have to change its focus from the traditional markets and products and become innovative in niche markets and the lower income groups in the Namibian market. This will ensure that Santam Namibia sustains its position as leading insurer of Namibia and realises its growth potential.