Covid-related death claims better than expected, says Liberty
But they still rose significantly in the three months to end-March, says insurer
13 May 2021 - 09:25
Liberty Holdings, which along with other insurance companies set aside billions of rand in provisions in 2020 to absorb Covid-related claims, will review its pandemic reserve in June, taking into account the evolution of the virus.
However, Liberty, which is majority owned by Standard Bank, the largest bank in Africa by assets, said on Thursday in an operational update that death-related claims in the first quarter were better than initially expected...
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