COVID-19 in SA | Sanlam preparing for fifth wave

Sanlam CFO Abigail Mukhuba spoke with eNCA business reporter Rofhiwa Madzena. Courtesy of #DStv403

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.


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