Sanlam set to deal with spike in third wave death claims
The insurer is prepared to release reserves to absorb payouts for a possible rise in mortality
09 June 2021 - 20:36
Sanlam, the largest insurance group in Africa, said on Wednesday it was ready to release reserves to absorb the eventual spike in Covid-19 related mortality claims for the remainder of 2021, despite uncertainty about its severity and duration.
CEO Paul Hanratty said the rollout of the government-led vaccination process was also key in determining the extent to which the fallout of the Covid-19 third wave would last...
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