Santam reported solid operational results for 2019, despite the country’s low economic growth and a year-on-year increase in catastrophes and crop damage. Santam CEO Lizé Lambrechts comments, and shares the key highlights and areas of importance.
Hospitality, leisure and non-essential retail services industries to receive substantial financial payments from Santam.
Santam has reported a significant increase in daily vehicle related claims for the month of May so far, although still below a normal month’s expected claims.
Santam has warned that, with remote work and work from home taking off as the new norm, companies need to be extra vigilant to ensure they are not vulnerable to disastrous data breaches or other cyber security incidents.
The winter of 2020 will probably be remembered for the Covit-19 lockdown and secondly for very cold conditions.
It turns out geyser-related issues cause some of the country’s most common household insurance claims, this is according to Santam – South Africa’s leading short-term insurer
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