Sanlam is repricing its life insurance policies to try offset the effect of excess mortality claims that have hurt its operating profits, as it continues to battle the ongoing effects of Covid-19, which it says is likely to become “endemic to the world”.

Africa’s biggest insurance group is repricing its retail life insurance products and group risk schemes, implementing new underwriting protocols while also bolstering its discretionary capital buffer in anticipation of the fallout from the fourth wave of Covid-19 infections. Sanlam announced the changes in an operational update for the 10-month period ended October 31, during which it said headline earnings and diluted headline earnings per share increased 8%...

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 or call 0860 52 52 00. Got a subscription voucher? Redeem it now