Non-life

Santam warns of global supply-chain delays impacting insurance claims

Santam, South Africa’s largest short-term insurer, has warned that clients could, over the next couple of weeks, and possibly months, experience delays in the repair of damaged motor vehicles due to a global shortage in parts caused, among others, by COVID-19 and other supply-chain challenges.

Tech trends bring new risks for insurers

Technological development, though rapidly accelerated by the COVID-19 pandemic, has been changing the insurance landscape for some time already.

Minimising losses ahead of Day Zero

The Eastern Cape has been plagued by persistent drought, forcing some areas to turn to water shedding and rationing. For the Nelson Mandela Bay Metro, the region’s worst water crisis now threatens to wreak havoc as taps run dry and Day Zero looms.

Fire, faulty workmanship, and natural catastrophes top causes of insurance claims for business in South Africa