Santam reports strong underwriting results, growth of 12% in gross written premiums
This serves as a general communication to Santam shareholders with regard to the business environment for the ten month period ended 31 October 2015.
According to Santam, South Africa’s largest short-term insurer, around 70% of motor claims relate to motor vehicle accidents.
The Department of Transport has introduced amendments to the National Road Traffic Regulations for goods-in-transit which could have far-reaching consequences for the agricultural transport industry – including a requirement that goods-in-transit be “fully insured”.
The occurrence of hail is very much sporadic. For this reason, it is quite difficult in the longer term to predict the possibility of hail at a specific point in time or for a specific area.
Infrastructure development is booming across Africa, due in no small part to significant economic growth and foreign direct investment.