Corporate News

Corporate News

Corporate News

21 June 2022

Risks facing financial institutions

Despite being in the business of risk mitigation, insurance firms themselves are often subject to risk in the form of insurance crime.

Corporate News

06 June 2022

Santam strengthens digital footprint with 100% buyout of insurtech trailblazer, JaSure

Santam is enhancing its digital offering, with the announcement that it is increasing its interest in insurance technology (insurtech) company JaSure by acquiring the remaining 49% shareholding.

Corporate News

14 February 2022

Modernising analytics in insurance: How Santam is changing its playbook

Insurance has been a fertile proving ground for analytics over many years. Underwriters have long used models to improve forecasting and predictions.

Corporate News

20 January 2022

Santam ranked 18th in the South African Top Employer 2022

Santam, has for the sixth consecutive year, been certified as a Top Employer (TE) in South Africa by the Top Employers Institute, the global authority on recognising excellence in people practices.

Corporate News

29 September 2021

Raining on Climate Change’s Parade

From the Caribbean to the Far East, the increasing intensity of extreme weather events has once again thrust climate change to the forefront of public discussion.

Corporate News

23 September 2021

How do brokers outperform direct insurers in this new risk-rife world?

Intermediaries are perfectly positioned to become risk advisers and help make the cost of insurance sustainable, while creating true peace of mind for clients.

Corporate News

17 September 2021

Santam proudly announces 2020 Intermediary awards winners

As in previous years, the insurer recognises excellence in PL, CL, Agri and National Brokers.

Corporate News

08 September 2021

Santam Insurance Barometer reveals rapidly evolving risks in South Africa

Santam has released its 2020/2021 Insurance Barometer report on insurance trends,

Corporate News

15 July 2021

Santam has paid R1,6bn for contingent business interruption claims

Santam, is making good progress in handling contingent business interruption (CBI) claims and has made payments to approximately 60% of policyholders that have submitted claims.

Corporate News

28 June 2021

Intermediaries best positioned to capitalise on a growing risk environment

Santam is concerned for the intermediaries who seek to provide value based purely on price, but argue the future for the risk-and-advice intermediary is bright.

Corporate News

25 June 2021

Winning at company culture despite Covid-19

It’s no secret that COVID-19 has completely changed our world of work. A larger emphasis on social distancing, workplace transformation, digitalisation, employee experience, and building a culture for a future world of work is becoming more and more essential.

Corporate News

02 March 2021

Digital trends in the insurance industry

The Covid-19 pandemic has ushered in ample opportunities by accelerating the digital transition of tasks that were once considered mundane.

Corporate News

01 February 2021

Climate change is not just an environmental concern. Financial institutions play a role, too

Financial institutions, including those in the insurance industry, have had to develop and adapt their products and services over the years to suit the ever-changing lifestyles of humans.

Corporate News

25 January 2021

Santam recognised as a top employer in SA for the 5th year running

Santam has been officially recognised by the Top Employers Institute as a Top Employer 2021 for excellence in employee conditions. This is the fifth consecutive year that Santam has achieved this accolade.

Corporate News

17 November 2020

Russell Myers retires after 14 years as CEO of Mirabilis engineering underwriting managers

Santam announced that CEO Russell Myers will retire at the end of June 2021. Curt Meyer, currently Chief Operating Officer, has been appointed to the position, effective 1 January 2021.

Corporate News

04 November 2020

The Intermediary: adding value beyond price

Santam, who has been in the business of insurance for more than 100 years, believes that while there is a place for direct-to-consumer, the value an intermediary provides is second to none.

Corporate News

27 August 2020

Santam has now paid out R870 million in relief to hospitality and retail services

Santam has paid out R870-million in just over three weeks to the hospitality, leisure and non-essential retail services industries.

Corporate News

27 August 2020

Santam group concludes nationwide PPE donation with delivery to special needs schools in Witbank

Santam concluded its nationwide donation of personal protective equipment (PPE) to Special Needs Schools when they handed over 40 disinfecting equipment kits to Minister of Basic Education Angie Motshekga.

Corporate News

13 August 2020

Santam swiftly pays over R500 million to contingent business interruption policyholders

Santam has to date paid out R506 million of the R1 billion allocated for urgent relief to policyholders in the hospitality, leisure and non-essential retail services industries who have Contingent Business Interruption (CBI) extension in their policy cover.

Corporate News

28 July 2020

Intermediaries retain their edge on robo-colleagues

COVID-19 has forced many industries to integrate digital practices and this could prove to be the best training ground to help evolve the intermediary industry.

Corporate News

26 July 2020

Santam commits R1 billion in relief to contingent business interruption clients

Hospitality, leisure and non-essential retail services industries to receive substantial financial payments from Santam.

Corporate News

17 July 2020

Santam proudly announces 2019 Broker award winners

Santam, South Africa’s largest general insurer, today announced its 2019 Broker Award winners.

Corporate News

23 June 2020

Re-inventing your value proposition in the new normal

Intermediaries have a pivotal role to play in terms of being a reliable resource to clients during this time. That requires shrewd adaptation, so service levels never falter.

Corporate News

09 June 2020

Supporting South African innovation that saves lives

Santam is committed to supporting South African innovation that can save lives and protect our healthcare providers against COVID-19.

Corporate News

21 April 2020

Santam refunds 20% of vehicle premiums to assist financially strained clients

Following the extension of the national lockdown and the continued financial strain that clients are experiencing, Santam today announced it will refund 20% of motor premiums paid in April for all its personal lines and commercial lines clients.

Corporate News

01 April 2020

Santam group commits R200-million in relief initiatives to lessen COVID-19 impact

The Santam Group, South Africa’s largest general insurer today announced that it would make R200-million available as COVID-19 relief to help clients, intermediaries, suppliers, and contribute to the Government’s Solidarity Fund.

Corporate News

02 March 2020

Who assumes responsibility for a child at school?

Over the past few weeks media headlines have been filled with harrowing stories of tragedies across the country affecting learners at schools.

Corporate News

19 February 2020

Great customer expectations call for an insurance evolution

Deloitte ‘A demanding future’ report predicts that four trends will define insurance in 2020: the customer, ‘a new roadmap’, partnerships and digital disruption.

Corporate News

31 January 2020

5 ways Santam helps intermediaries get CPD savvy

Recently, the Financial Services Conduct Authority (FSCA) released amendments to Continuing Professional Development (CPD) hours.

Corporate News

22 November 2019

Santam recognised as top employer in SA award for the 4th year running

Santam has been officially recognised by the Top Employers Institute as a Top Employer 2020 for excellence in employee conditions.

Corporate News

18 November 2019

Santam launches first SA short-term insurance barometer

A study by Santam, the country’s largest short-term insurer, has revealed the majority of corporates and consumers polled in a landmark survey on insurance trends see the challenging economy as the biggest risk in South Africa over the next two years, followed by political unrest and social change risk.

Corporate News

30 October 2019

13 young artists win 56th annual art competition

Santam’s Child Art Project is honoured to announce the creative winners of its 56th annual art competition.

Corporate News

08 October 2019

Santam partners with SA-born Hollywood actress in new ad campaign

Santam, South Africa’s largest short-term insurer, has partnered with Lesley-Ann Brandt, Hollywood-based, South African-born actress for the creation of a new television commercial for the insurance company.

Corporate News

06 June 2019

Knysna Fires of 2017: Santam releases independent disaster report

An in-depth authoritative and independent report, commissioned by short-term insurer Santam ,into the devastating fires that struck the Knysna area in June 2017 has found that the risk of so-called ‘mega-fires’ recurring in South Africa remains high.

Corporate News

03 May 2019

Good corporate governance is a way of life for SAMBRA winner

At no point in corporate history have ethics and good corporate governance been more important. With the online marketplace operating across global borders, online reviews and digital word-of-mouth are either building brands or knocking them down. Companies with a strong commitment to doing the right thing are coming out on top.

Corporate News

26 April 2019

Santam donates R1, 2 million for KwaZulu-Natal, Eastern Cape flood relief efforts

Santam, South Africa’s largest general insurer, has donated R1, 2 million towards relief efforts, following the devastating floods that have caused loss of life and overwhelming damage to parts of Kwazulu-Natal and the Eastern Cape.

Corporate News

18 April 2019

Santam gives hope to drought stricken Sutherland community

The ongoing drought in Sutherland in the Northern Cape has caused a devastating decline in the sheep breeding population and placed the town’s economy under tremendous strain.

Corporate News

14 March 2019

Globalisation 4.0: time to look ahead and proactively anticipate risks

By Lizé Lambrechts, CEO Santam - The Fourth Industrial Revolution age is beginning to shape how businesses function and leaders need to examine how society and business should fundamentally and structurally adapt in line with today’s vastly changed world. The reality is society is facing more risks today than a few years ago, from security of information to the impact of artificial intelligence (AI) – aka the intelligence shown by machines – on jobs.

Corporate News

28 February 2019

Santam posts solid 2018 annual results

Santam - South Africa’s largest general insurer – has once again delivered strong annual results that show a solid 9.2% underwriting margin, which outstripped the group’s target range of 4% to 8%, and a 7% gross written premium growth for the conventional insurance business.

Corporate News

25 January 2019

Santam to list on A2X exchange

Santam Limited (Share code: SNT), South Africa’s largest general insurer, will effect a secondary listing of its shares, on the A2X Markets exchange. Its shares will be available to trade on A2X from 1 February 2019.

Corporate News

03 December 2018

Protect your business from silly season risks

No business wants to experience downtime in the busiest weeks of the year. Santam, the Top Business Insurer in the 2018 Sunday Times Top Brands Survey, has top tips for companies to combat festive season risks.

Corporate News

06 November 2018

Santam voted top business insurer in Sunday Times Top Brands Survey 2018

The results of the annual Sunday Times Top Brands Survey 2018 were revealed at an awards ceremony last night. Santam was named the top performer in the business category for short-term insurers.

Corporate News

01 November 2018

Santam donates fire detection devices to informal settlements

Santam, South Africa’s largest general insurer, is heeding the plight of informal settlement dwellers, with the announcement that it will install 500 smoke detection devices at the Khayelitsha informal settlement recently devastated by an inferno and other fire hotspots.

Corporate News

19 October 2018

Reducing disasters one munipality at a time

Disasters can strike anywhere and at any time. In September 2017, the world saw Hurricane Maria, which struck Puerto Rico and left more than 4 600 people dead.

Corporate News

18 October 2018

5 insurance hacks to be more money smart

Have you been smarter with your money this week? As the inaugural Money Smart Week South Africa (MSWSA) draws to a close (8-12 October), following a series of informative talks and workshops across Mamelodi, Tembisa, Alexandra and Soweto, now’s the optimal time to reflect on all money matters.

Corporate News

15 October 2018

Santam certified as Top Employer in SA for the third year running

Santam, the country’s largest general insurer, has for the third consecutive year been certified as a Top Employer in South Africa by the Top Employers Institute, the global human resource excellence certification company.

Corporate News

11 October 2018

Women in finance talk industry transformation

SA’s financial services sector is one of the industries in the spotlight for slow transformation. But it’s by no means alone. In SA, one in five businesses still does not have women in senior roles. And only 2.2% of JSE-listed companies are led by a female CEO.

Corporate News

10 October 2018

4x4 epic adventures – enthusiasts must be mindful of the risks

Many 4x4 enthusiasts will agree that South and Southern Africa have an off-road culture unlike anywhere else in the world.

Corporate News

20 September 2018

Young creative artists win at art competition

Developing a notion of art as a valuable aspect of human development

Corporate News

04 July 2018

Vusi Khanyile appointed chairman of Santam board

The Board of Santam, South Africa’s largest general insurer, is pleased to announce the appointment of Vusumuzi (Vusi) Phillip Khanyile as its chairperson with effect from 1 July 2018.

Corporate News

02 May 2018

Santam invests millions in training and skills development

In an effort to increase the availability of scarce and critical skills in the financial services sector, Santam, South Africa’s largest general insurer, today announced the establishment of a Skills Development Academy.

Corporate News

09 April 2018

South Africa to host inaugural event to strengthen African insurance industry’s contribution to sustainable development

The United Nations and Santam, South Africa’s largest general insurer, will co-host this month the first African conference of UN Environment’s Principles for Sustainable Insurance Initiative (PSI).

Corporate News

20 March 2018

Steve Murphy appointed as Head of Santam Reinsurance

Santam, South Africa’s largest general insurer, is pleased to announce that Steve Murphy has been appointed as Head of Santam Reinsurance with effect from 1 April 2018.

Corporate News

15 December 2017

Water rationing and its impact on insured events

As a responsible corporate citizen and South Africa’s largest insurer Santam has had to consider the impact of the drought and current water restrictions implemented by the Western Cape authorities on consumers, our clients and our business.

Corporate News

16 November 2017

Hope amidst the ashes: Knysna fire stories

Book featuring local photography and heroic stories to raise funds for local fire relief efforts

Corporate News

19 October 2017

Partnership continues to empower vulnerable communities

Contribution to Sedibeng District Municipality (Gauteng) part of national initiative to increase the responsiveness and capacity to mitigate fire and flood risks in 53 local municipalities

Corporate News

18 October 2017

Hail storms, tornadoes and flooding

Large parts of South Africa have been ravaged by hail storms, a few tornadoes and heavy rain which caused flooding and extensive property damage in the past week. South Africa’s largest insurer Santam today announced that it was still assisting clients with claims arising from these events.

Corporate News

13 October 2017

Santam certified as Top Employer in SA for the second year running

Transformation commitments, talent development programmes, employee engagement and an enabling, transparent culture have led to Santam being awarded the Top Employers South Africa 2018 certification by the Top Employers Institute. This institute acknowledges the top employers around the world that champion excellence in the conditions they provide for their people, with enabling environments that foster growth and progression.

Corporate News

06 October 2017

Sasria joins Santam to empower municipalities

Sasria has signed an agreement with leading short-term insurer, Santam to join their Partnership for Risk and Resilience (P4RR) programme to facilitate increased collaboration between provincial and district disaster management centres, to enhance the capacity of local government with fire and flood risk management.

Corporate News

06 October 2017

Santam rolling out assistance for drought-stricken Grahamstown during the fest

Santam, South Africa’s largest general insurer, is coming to the aid of drought-stricken Makana Municipality, with the donation of 100 eco-roller water drums.

Corporate News

02 October 2017

Santam named top business short-term insurer in SA

Once again, Santam has been voted top South African short-term insurer in the Business category of the annual 2017 Sunday Times Top Brands Survey.

Corporate News

27 September 2017

Insurance is a very competitive industry. What are the key factors that consumers look for when deciding who to give their business to?

Trust and fair settlement of claims is at the heart of what clients’ value in an insurer. For over 99 years, Santam has protected the assets that matter most to consumers and businesses.

Corporate News

10 July 2017

Santam and department of cooperative governance expand partnership to assist vulnerable communities

Five million people stand to benefit from the extension of the Partnership for Risk and Resilience (P4RR) between leading short term insurer,

Corporate News

30 June 2017

Santam lends further support to eastern cape municipalities following recent fires

In the wake of the devastating fires in the Southern and Eastern Cape, short-term insurer Santam has provided over a million rand in fire-fighting equipment to the Sarah Baartman District Municipality.

Corporate News

09 June 2017

Santam clinches FIA’s top corporate and personal insurance awards

South African intermediaries honoured leading South African short-term insurer, Santam by choosing the business as their top choice when it comes to both corporate and personal insurance.

Corporate News

08 June 2017

Santam pledges R1 million toward disaster relief efforts

Santam today announced a donation of R1 million as an immediate donation to support disaster relief efforts following the Western Cape floods and the devastating fires in the greater Southern Cape region.

Corporate News

06 April 2017

Consumers have spoken: Santam is once again rated SA's top insurer

South African consumers have spoken. They have for the second year running named short-term insurer Santam the top insurer in the country when it comes to meeting and exceeding their insurance needs. The results of the SAcsi Index are supported by Santam’s strong showing over the past few years in the Ombusdman for Short-term Insurance (OSTI) Report where the company has been consistently rated as a top performer in treating customers fairly.

Corporate News

22 March 2017

Santam enhances structured solutions offering with RMB-SI acquisition

Santam announced in August 2016 that it had acquired 100% of RMB-SI Investments, the deal received regulatory approval in February and became unconditional last week.

Corporate News

17 March 2017

Santam fraud line lauded by the ethics institute of South Africa

In a first for the insurance industry the Ethics Institute has recognised the efforts made by short-term insurer, Santam in curbing fraud and misconduct in the workplace. In this respect, the Santam Fraud Line has been awarded a Certificate of Assurance based on international Fraud Line best practice standards.

Corporate News

14 October 2016

Santam certified as one of the Top Employers South Africa 2017

Santam Ltd is pleased to announce that it has been officially certified by the Top Employers Institute for its exceptional employee offerings.

Corporate News

24 August 2016

Santam voted top short term insurer in Sunday Times Top Brands Survey

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.

Corporate News

27 July 2016

Santam looking for ‘best and brightest’ solutions to SA’s safety issues

Santam wants to help ordinary South Africans to turn their safety ideas into a reality, to the benefit of the greater community.

Corporate News

06 July 2016

Santam hands over fire-fighting equipment to Makana local municipality in Grahamstown

Santam handed over much needed fire-fighting equipment to the value of R220 000 to the Makana local municipality fire department in Grahamstown.

Corporate News

15 June 2016

Santam sets the benchmark for customer satisfaction

The 2015 SAcsi released last week, shows Santam achieving the sole leadership position in a highly competitive short-term insurance industry, further entrenching the group as a leader in handling complaints and paying out insurance claims.

Corporate News

03 June 2016

Santam earns top personal insurance award and sets course for future growth

Santam has taken the top spot as the leading short-term insurer in South Africa in the Personal insurance category at the Financial Intermediaries Association of Southern Africa’s (FIA) annual Insurer of the Year awards ceremony held in Johannesburg last night.

Corporate News

26 November 2015

Operational update to shareholders following the board meeting held on 25 November 2015

This serves as a general communication to Santam shareholders with regard to the business environment for the ten month period ended 31 October 2015.

Corporate News

24 November 2015

Sanlam, Santam in major transaction to expand footprint in Africa

In one of the Sanlam Group’s biggest transactions yet, Sanlam and Santam are set to enter new markets having reached agreement to acquire a 30% stake in Morocco-based Saham Finances.

Corporate News

19 November 2015

International Fraud Awareness Week: South African insurers urged to be more vigilant

It is estimated that insurance crime – including insurance fraud, theft, money laundering and cybercrime – costs the insurance industry around R3/4 billion a year.

Corporate News

29 September 2015

Crime stats on the rise in an underinsured South Africa

In response to the latest crime statistics released today by the South African Police Services, Santam has said collaboration and partnerships between the Police and a host of business stakeholders is crucial in the fight against crime.

Corporate News

01 June 2015

Santam clinches top personal insurance award

Santam has been voted the leading short-term insurer in South Africa by the broker community in the Personal insurance category at the Financial Intermediaries Association of Southern Africa’s (FIA) annual Insurer of the Year awards ceremony held in Johannesburg last night.

Corporate News

27 November 2014

Santam board names Lizé Lambrechts as Chief Executive to succeed Ian Kirk

The board of directors of Santam Limited is pleased to announce the appointment of Lizé Lambrechts to succeed Ian Kirk as the Chief Executive from 1 January 2015.

Corporate News

01 October 2014

Santam integrates administration businesses under the Brolink banner

In a move that mirrors trends in the investment, medical aid and banking industries, short-term insurer Santam has consolidated its administration businesses to provide brokers with a one-stop shop for quotations and administration services from multiple South African insurers.

Corporate News

26 September 2014

City of Cape Town announced winnersof the 2014 Eco-Logic Awards

After a nail-biting month of anticipation, The City of Cape Town has been dubbed the winner in the 2014 Eco-Logic Awards Municipality Category, sponsored by Santam.

Corporate News

26 September 2014

City of Cape Town announced winners of the 2014 Eco-Logic Awards

After a nail biting month of anticipation The City of Cape Town have been dubbed the winner of the 2014 Eco-Logic Awards Municipality Category, sponsored by Santam.

Corporate News

05 June 2014

Santam clinches top corporate and commercial insurance awards

Santam has been voted the leading short-term insurer in South Africa by the broker community in the Commercial and Corporate Insurance Categories at the Financial Intermediaries Association (FIA) of Southern Africa’s annual Insurer of the Year Awards.

Corporate News

21 May 2014

Santam once again a leader in the industry in paying claims and treating customers fairly

The Ombudsman’s 2013 report, which was released last week, indicated that Santam, South Africa’s leading short-term insurer, can be ranked as an industry leader in claims payment and dealing fairly with policyholder complaints.

Corporate News

08 April 2014

Short-term insurance industry satisfaction levels remain constant

Santam has set the national benchmark again this year with a satisfaction score 2,2% above industry average in the annual South African Customer Satisfaction Index (SAcsi).

Corporate News

18 March 2014

Santam and UNICEF spotlight children's rights through art

As South Africa celebrates Human Rights Day on Friday, 21 March, it’s significant to note that this year marks the 25th anniversary of the Convention on the Rights of the Child.

Corporate News

03 February 2013

Children rights theme for 2014 Santam Child Art competition extends UNICEF partnership

'Children's rights' to be the theme for this year's Santam Child Art competition, in partnership with @UNICEF