Corporate News
The Free State Cheetahs (Pty) Ltd is excited to announce a new partnership with Santam, who will become an associate partner of the Toyota Cheetahs for the next three and a half years.
Corporate News
Santam, South Africa’s largest general insurer, has recorded an improved performance for the six-month period ended 30 June 2024, with the group achieving an 8.1% Gross Written Premium (GWP), a 7.1% Net Earned Premium and 6.5% net underwriting margin growth rate.
Corporate News
We successfully concluded the Santam 2024 Broker Connect session roadshows. This year we visited all nine provinces, across 16 locations, which allowed us to hand out over 150 well-deserved Santam Broker awards. To the 1,220 brokers that we engaged with, my sincere gratitude, especially to those who travelled from afar to ‘connect’ with us and your peers.
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Rob Rose, former editor of South Africa’s Financial Mail, was last night named the Sanlam Financial Journalist of the Year for 2023.
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As part of our commitment to continuous improvement and ensuring exceptional client service, I am excited to announce significant enhancements to our Underwriting team that will strengthen our capabilities and further improve the quality of our service delivery.
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Sanlam and Santam, the joint sponsors of the Sanlam Group Awards for Excellence in Financial Journalism, today announced the shortlisted entries for the 2023 awards.
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Santam, South Africa’s largest short-term insurer, has wholly acquired Kandua, a leading online marketplace company for home services. Kandua will merge with Santam’s existing home service offering, Home+, forming a wholly owned, independent subsidiary of the insurer.
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Neptal Khoza, Head of Market Development at Santam says that Scholar Patrols have become synonymous with road safety for learners in many urban areas throughout the country. There are currently 2002 registered Scholar Patrols in South Africa, with more than 24 000 participants, volunteers and supervisors.
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Santam recorded a resilient financial performance for the twelve months to 31 December 2023, with the group’s conventional insurance business achieving Gross Written Premium (GWP) growth of 6% and a net underwriting margin of 3.5% (December 2022: Restated to 5.1%).
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Santam, South Africa’s largest short-term insurer, is partnering with the City of Tshwane, to fight against risks associated with urban flooding in the capital City.
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SA’s largest insurer certified a Top Employer by Top Employer Institute for eighth consecutive year
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Mitigating the increasing effects of climate change has become a top priority for South African insurers who have collectively paid billions of Rands in related damages over the past five to 10 years.
Corporate News
Climate change, infrastructure concerns and socio-economic challenges have created a tough environment for local insurers, who have a responsibility to ensure their business is strong and able to sustainably withstand the cost of the risks.
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Santam released the 2022/2023 Santam Insurance Barometer Report, which revealed that the tough economic climate and loadshedding are the biggest challenges currently impacting South African households and businesses.
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Disasters, triggered by natural hazards, will continue to affect South Africa, destroying infrastructure, lives and livelihoods. It is imperative to plan ahead and collaborate with other stakeholders in order to manage the risks and reduce the impact.
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Santam has been named Non-Life Insurer of the Year at the prestigious 2023 Financial Intermediaries Association of Southern Africa's (FIA) Intermediary Experience Awards.
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Richard Gregory and Elle Oosthuizen, the producers of the impactful video story Steinheist on Showmax, are the winners of the Sanlam Group Financial Journalist of the Year for 2022, becoming the first TV journalists to win the esteemed prize in nearly a decade. The duo also won the Broadcast: TV and Video category award.
Corporate News
Sanlam and Santam, the co-sponsors of the Sanlam Group Awards for Excellence in Financial Journalism, today announced the shortlisted entries for the 2022 awards.
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Santam successfully concluded the Broker conference 2023 roadshows across six regions, where the 2022 Intermediary awards winners were announced.
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Santam donates to Port St. Johns flood relief efforts
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Santam has entered into an alliance with MTN South Africa, that will see the company purchase the mobile telecommunication firm’s device insurance book.
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Entries for the 2022 Sanlam Group Awards for Excellence in Financial Journalism have closed, following the 28 February 2023 deadline.
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Santam has, for the seventh consecutive year, been certified as a Top Employer in South Africa for excellence in employee conditions.
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Entries for the 2022-2023 Sanlam Group Awards for Excellence in Financial Journalism opened today with the introduction of a new category and a new co-sponsorship. Entries close on 28 February 2023.
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The eThekwini Municipality’s disaster preparedness has received a major boost with the signing of a Memorandum of Agreement (MoA) with Santam.
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Santam, was recognised as the top personal insurance company at the 2022 FIA, Intermediary Experience awards.
Corporate News
Gender parity in the workplace has come a long way. Last year, Bloomberg reported that women held 29% of board seats in South Africa’s top 100 listed organisations, versus an average of 20% on major G20 exchanges. Despite this, male domination in industries like insurance and heavy haulage remains rampant.
Corporate News
Covid-19 and the 2021 United Nations Climate Change Conference (COP26) really brought ESG to the fore (accelerated), especially in terms of people management, climate change and regulatory requirements.
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Despite being in the business of risk mitigation, insurance firms themselves are often subject to risk in the form of insurance crime.
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Santam is enhancing its digital offering, with the announcement that it is increasing its interest in insurance technology (insurtech) company JaSure by acquiring the remaining 49% shareholding.
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Insurance has been a fertile proving ground for analytics over many years. Underwriters have long used models to improve forecasting and predictions.
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Santam, has for the sixth consecutive year, been certified as a Top Employer (TE) in South Africa by the Top Employers Institute, the global authority on recognising excellence in people practices.
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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.
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Intermediaries are perfectly positioned to become risk advisers and help make the cost of insurance sustainable, while creating true peace of mind for clients.
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As in previous years, the insurer recognises excellence in PL, CL, Agri and National Brokers.
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Santam has released its 2020/2021 Insurance Barometer report on insurance trends,
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Santam, is making good progress in handling contingent business interruption (CBI) claims and has made payments to approximately 60% of policyholders that have submitted claims.
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Santam is concerned for the intermediaries who seek to provide value based purely on price, but argue the future for the risk-and-advice intermediary is bright.
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It’s no secret that COVID-19 has completely changed our world of work. A larger emphasis on social distancing, workplace transformation, digitalisation, employee experience, and building a culture for a future world of work is becoming more and more essential.
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The Covid-19 pandemic has ushered in ample opportunities by accelerating the digital transition of tasks that were once considered mundane.
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Financial institutions, including those in the insurance industry, have had to develop and adapt their products and services over the years to suit the ever-changing lifestyles of humans.
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Santam has been officially recognised by the Top Employers Institute as a Top Employer 2021 for excellence in employee conditions. This is the fifth consecutive year that Santam has achieved this accolade.
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Santam announced that CEO Russell Myers will retire at the end of June 2021. Curt Meyer, currently Chief Operating Officer, has been appointed to the position, effective 1 January 2021.
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Santam, who has been in the business of insurance for more than 100 years, believes that while there is a place for direct-to-consumer, the value an intermediary provides is second to none.
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Santam concluded its nationwide donation of personal protective equipment (PPE) to Special Needs Schools when they handed over 40 disinfecting equipment kits to Minister of Basic Education Angie Motshekga.
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Santam has paid out R870-million in just over three weeks to the hospitality, leisure and non-essential retail services industries.
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Santam has to date paid out R506 million of the R1 billion allocated for urgent relief to policyholders in the hospitality, leisure and non-essential retail services industries who have Contingent Business Interruption (CBI) extension in their policy cover.
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COVID-19 has forced many industries to integrate digital practices and this could prove to be the best training ground to help evolve the intermediary industry.
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Hospitality, leisure and non-essential retail services industries to receive substantial financial payments from Santam.
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Santam, South Africa’s largest general insurer, today announced its 2019 Broker Award winners.
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Intermediaries have a pivotal role to play in terms of being a reliable resource to clients during this time. That requires shrewd adaptation, so service levels never falter.
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Following the extension of the national lockdown and the continued financial strain that clients are experiencing, Santam today announced it will refund 20% of motor premiums paid in April for all its personal lines and commercial lines clients.
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The Santam Group, South Africa’s largest general insurer today announced that it would make R200-million available as COVID-19 relief to help clients, intermediaries, suppliers, and contribute to the Government’s Solidarity Fund.
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Deloitte ‘A demanding future’ report predicts that four trends will define insurance in 2020: the customer, ‘a new roadmap’, partnerships and digital disruption.
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Recently, the Financial Services Conduct Authority (FSCA) released amendments to Continuing Professional Development (CPD) hours.
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Santam has been officially recognised by the Top Employers Institute as a Top Employer 2020 for excellence in employee conditions.
Corporate News
A study by Santam, the country’s largest short-term insurer, has revealed the majority of corporates and consumers polled in a landmark survey on insurance trends see the challenging economy as the biggest risk in South Africa over the next two years, followed by political unrest and social change risk.
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Santam’s Child Art Project is honoured to announce the creative winners of its 56th annual art competition.
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Santam, South Africa’s largest short-term insurer, has partnered with Lesley-Ann Brandt, Hollywood-based, South African-born actress for the creation of a new television commercial for the insurance company.
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An in-depth authoritative and independent report, commissioned by short-term insurer Santam ,into the devastating fires that struck the Knysna area in June 2017 has found that the risk of so-called ‘mega-fires’ recurring in South Africa remains high.
Corporate News
At no point in corporate history have ethics and good corporate governance been more important. With the online marketplace operating across global borders, online reviews and digital word-of-mouth are either building brands or knocking them down. Companies with a strong commitment to doing the right thing are coming out on top.
Corporate News
Santam, South Africa’s largest general insurer, has donated R1, 2 million towards relief efforts, following the devastating floods that have caused loss of life and overwhelming damage to parts of Kwazulu-Natal and the Eastern Cape.
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The ongoing drought in Sutherland in the Northern Cape has caused a devastating decline in the sheep breeding population and placed the town’s economy under tremendous strain.
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By Lizé Lambrechts, CEO Santam - The Fourth Industrial Revolution age is beginning to shape how businesses function and leaders need to examine how society and business should fundamentally and structurally adapt in line with today’s vastly changed world. The reality is society is facing more risks today than a few years ago, from security of information to the impact of artificial intelligence (AI) – aka the intelligence shown by machines – on jobs.
Corporate News
Santam - South Africa’s largest general insurer – has once again delivered strong annual results that show a solid 9.2% underwriting margin, which outstripped the group’s target range of 4% to 8%, and a 7% gross written premium growth for the conventional insurance business.
Corporate News
Santam Limited (Share code: SNT), South Africa’s largest general insurer, will effect a secondary listing of its shares, on the A2X Markets exchange. Its shares will be available to trade on A2X from 1 February 2019.