JOHANNESBURG - Africa’s biggest insurer Sanlam says it's preparing for the fifth wave of coronavirus infections.
It said it's setting aside three times more in capital than it normally would.
READ: Sanlam Results | Company pays out R22bn in mortality claims
Releasing its annual results, Sanlam said its operational performance has been restored to pre-pandemic levels.
The insurer paid out R22-billion in death claims to clients last year as the pandemic toll worsened, up 76 percent on the previous year.
Sanlam says despite a lull in infections, the risk of a fifth wave is real.