Santam says slow economy remains a pain-point
SA’s largest short-term insurer says its net underwriting margin has improved
27 November 2019 - 18:44
Santam, the country’s largest short-term insurer whose profits for 2019 have already been compromised by a spike in weather-related claims in the first half, says the stagnant economy is now adding to its challenges.
The insurer, which is owned by Sanlam, said in the 10-month period to end-October its commercial and personal insurance business continued to experience “a strain” in increasing its gross written premiums...
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