Santam pays record claims of R24.5 billion 0 Shares KEY HIGHLIGHTS OF RESULTS: Growth of 5% in conventional insurance gross written premiums to R32.7 billion Conventional insurance net underwriting margin of 8% Net investment income attributable to shareholders of R1.5 billion Economic capital coverage ratio of 169% (target range of 150% to 170%) Headline earnings […]

South Africa’s largest short-term insurer, Santam, has reported that it paid out a record R24.5-billion for the year to December 2021, including catastrophe claims from large-scale fires, weather events that significantly affected agriculture, and floods in Gauteng and KwaZulu-Natal. At the same time, claims on the motor book and personal lines returned closer to pre-pandemic […]

Rabat – Africa’s largest insurance company SANLAM has dropped the bid to increase stakes in Morocco’s SAHAM insurance, according to a press statement released on January 4. Citing unmet conditions, the South African financial giant announced halting acquisition plans for an additional 22.8% of stakes in SAHAM. The press release , published by the Casablanca […]

Burundi’s Insurance Company BICOR ( BURUNDI INSURANCE CORPORATION ) celebrated on September 2, its 30th anniversary under the slogan: “Thirty years at BICOR is experience and innovation at the service of our customers”. It was an opportunity to present her innovative products: Family Pack, Transport Insurance Plan & Professional Insurance Plan. In his opening remarks, […]

Managing Director and Chief Executive Officer of Sunu Assurance, Mr Adeyemi Adetuwo The Managing Director and Chief Executive Officer of Sunu Assurance, a wholly-owned Pan-African Insurance Group, Mr Adeyemi Adetuwo is advising Ghanaians and Africans in general not to wait for misfortunes to befall them before they sign onto insurance policies. For him, insurance should […]

The insurance group’s priorities for 2020 had to be reviewed. © Naoufal Sbaoui – Mike Hutchings / REUTERS The pan-African insurance leader has managed to maintain its revenues despite the ongoing health crisis, but its margin is collapsing and the integration of Moroccan Saham’s African assets is dragging on. In the end, this is not […]

As Nigeria joined the rest of the world to shut down to disrupt the rapid spread of the virus, the entire country retracted into the social network shells and embraced digital technology to keep their business running. The Nigeria Communication Commission reported that they observed an impressive spike in the number of active internet subscribers […]