Santam likely to see margins crimped in 2019
Short term insurance company Santam has indicated its margins have come under pressure in its conventional insurance business owing to a number of catastrophic events in the first four months
29 May 2019 - 18:24
Short-term insurance company Santam signaled on Wednesday that margins could come under pressure in the first half of its financial year due to fires in the Western Cape and flooding and hail damage in KwaZulu-Natal.
The company said on Wednesday that in the first four months of the financial year to end April, a number of catastrophic events affected net underwriting margins in its conventional insurance business to the extent that margins fell below the company’s target range of 4% to8% of premium income...
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