Santam Archives - B2B Central

03 Mar 2022

Santam pays record claims of R24.5 billion

By Staff Writer

The pay-out was the highest in Santam’s history.

22 Feb 2022

Carla Jordan appointed CEO of Santam subsidiary, Emerald Risk Transfer

By Staff Writer

Santam has appointed Carla Jordan as the CEO of Emerald Risk Transfer.

07 Oct 2021

Santam accepts SCA decision

By Staff Writer

Santam says it's pleased that a judgment handed down today by the Supreme Court of Appeal (SCA) has brought legal clarity and finality on the interpretation and application of certain contingent business interruption (CBI) policies.

07 Oct 2021

Ma-Afrika Hotels wins final business interruption insurance battle against Santam

By Staff Writer

Today the Supreme Court of Appeal dismissed Santam’s appeal and upheld the Western Cape High Court’s finding in favour of Ma-Afrika Hotels (MAH) and Stellenbosch Kitchen (SBK) in the final stretch of the battle to hold Santam liable for Covid-19 Business Interruption claims in the tourism and hospitality industry.

05 Oct 2021

Raining on climate change's parade

By Staff Writer

From the Caribbean to the Far East, the increasing intensity of extreme weather events has once again thrust climate change to the forefront of public discussion. Just weeks ago, Hurricane Ida completely wrecked Louisiana’s electricity grid in the US, while both Greece and Siberia have struggled to contain wildfires that have had a crippling effect on their local infrastructure.

02 Sep 2021

FIA and Santam launch initiative to empower black intermediaries

By Staff Writer

The Financial Intermediaries Association of Southern Africa (FIA) and Santam have partnered to launch the FIA Transformation Initiative, a campaign focused on accelerating transformation in the South African intermediary space.

13 Aug 2021

FSCA issues update on Contingent Business Interruption claims

By Staff Writer

The Financial Sector Conduct Authority (FSCA) says it is continuing to investigate policyholder complaints regarding the assessment and payment of Contingent Business Interruption (CBI) claims.

03 Aug 2021

Santam appeals to clients to submit outstanding CBI claims

By Staff Writer

Santam, South Africa’s largest short-term insurer, has today issued another appeal to clients with CBI policies, who previously indicated they would claim, to submit formulated claims and supporting documentation, so that these can be finalised and settled.

15 Jul 2021

Santam saddened by unrest, loss of life

By Staff Writer

Short-term insurer, Santam, says it is saddened and concerned about the unrest that has broken out in the country over the last few days. "We are particularly saddened by the loss of life.," the insurer says. "We are also concerned about the destruction of property and its impact on livelihoods.

30 Jun 2021

Customer expectations increasing across the short-term insurance industry

By Staff Writer

The short-term insurance industry has managed to navigate unchartered risk territory in a year thrown into chaos by the COVID-19 pandemic. Not all players emerged the pandemic unscathed, and the industry collectively has some challenges ahead to meet changing and increasing customer expectations.

01 Jun 2021

Load shedding: 9 ways to protect your property

By Staff Writer

Marius Steyn, Personal Lines Underwriting Manager at Santam, says South Africans need to mitigate the damages caused by load shedding by being prepared prior to power going off. “The reality is, load shedding has an immense impact on consumers and businesses alike – who must cope with the damage to appliances brought on by power surges or risk loss through theft, burglary as a result of faulty security systems,” adds Steyn.

30 Mar 2021

The AARTO Act: What you need to know

By Staff Writer

The long-awaited driver demerit system is likely to come into effect this year. The Administration Adjudication of Road Traffic Offences Act (AARTO) has been in the works for a while – since a trial in 2008, in fact – but it’s now firmly back on the agenda, with commencement planned for July.