Pandemic Isn’t Half Over for S. Africa Insurer Seeing More Waves
- Sanlam ‘very realistic’ on nation’s vaccine rollout this year
- Excess claims in 2021 could grow two to three times, CEO says
This article is for subscribers only.
South Africa may still be short of the halfway mark of the pandemic even after two distinct waves of the coronavirus swept through the country over the past year.
“We are basically planning for two-and-a-half more waves,” Sanlam Ltd. Chief Executive Officer Paul Hanratty said by phone. The insurer is also “very realistic” that South Africa’s vaccine program “is not going to impact the current year very significantly,” he said.