Sanlam has forecast a drop in insurance sales as consumers battle job losses in an economy stuck in the longest recession in a generation after SA’s largest insurer bucked a gloomy trend in the sector with an increase in earnings.  

The R125bn company is among the last in the sector to issue an earnings report in a season punctuated by worries about the effect of Covid-19-related claims on operational profitability and the ability for in-person insurance sales amid mandatory social-distancing guidelines to fight the pandemic.  ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now