Africa’s largest insurer, Sanlam, has released a mixed-bag operational update, with profits in its life businesses showing a marked recovery in the 10 months to end-October as Covid-19-related death claims dwindled, but the volatility in global markets affected its investment returns.

The rise in inflation and interest rates affected global investment markets, and the ability of clients to commit to new insurance and investment products and retain existing arrangements, Sanlam said in a statement on Wednesday...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.