In a low-growth economic environment, the group reported gross written premium growth of 8% and a net underwriting margin of 6.4% (2015: 8.9%) – well within the target range of 4% to 8% of net written premiums.
South Africans have voted short term insurer, Santam the top performer in both the Consumer (Personal) and Business categories of the annual 2016 Sunday Times Top Brands Survey.
Many South Africans rely on their own transport to get from point A to B and as a result, there are more than 10 million vehicles on South African roads according to recent statistics by the electronic national administration traffic information system (eNaTIS). In many cases, people share vehicles or pass them on to family members as they upgrade, thereby changing the profile of the regular driver of the insured vehicle.
Santam views entrepreneurs as the drivers of a new economy and is putting resources behind financial consumer education for SMMEs in Soweto to advance their developing enterprises.
Cape Town, 16 September 2016: The South African Weather Service has warned of expected high fire danger conditions over many parts of the country, which poses considerable risks to life, property, livestock and crops and the natural environment.
Infrastructure development is booming across Africa, due in no small part to significant economic growth and foreign direct investment.