Power surge and hijacking claims increase in SA: Santam Report.
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GUEST -Thabo Twalo, Head: Commercial Lines Underwriting at Santam
Short-term insurer Santam has reported an exponential rise in load shedding-related power surge claims and high-value vehicle hijacking and theft claims as South Africa’s economic reality and ailing national grid continue to stress households.
This is detailed in the insurer’s 2022/2023 Santam Insurance Barometer Report, which was released this month and tracks the emerging risk trends affecting consumers, businesses, and brokers.
Short-term insurer Santam has reported an exponential rise in load shedding-related power surge claims and high-value vehicle hijacking and theft claims as South Africa’s economic reality and ailing national grid continue to stress households.
This is detailed in the insurer’s 2022/2023 Santam Insurance Barometer Report, which was released this month and tracks the emerging risk trends affecting consumers, businesses, and brokers.
