Sanlam half-year profits to more than double
Sanlam has been aggressive in beefing its presence in its domestic market and the rest of Africa
Africa's biggest insurer Sanlam expects its profits to more than double in the six months ended June, partly benefiting from the low base effect set in the comparable period when a barrage of claims related KwaZulu-Natal hit its short-term insurance arm, Santam.
During the comparable period, its short-term insurance unit was also blighted by high levels of claims inflation, electrical power-surge and vehicle theft-related claims...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.