Sanlam to acquire majority stake in MultiChoice’s NMS Insurance Services
MultiChoice plans to use the up to R2.7 billion cash proceeds from the transaction for working capital purposes.
Sanlam
Sanlam flags increase in sickness and disability claims among younger policyholders
The group’s 2023 claim statistics also note the steady increase in pay-outs arising from pregnancy complications.
Sanlam to take controlling stakes in its insurance JVs in India
The group believes its partnership with Shriram will enable it to benefit from India’s growing economy and burgeoning population.
Sanlam’s India operations pave the way to stellar performance in 2023
All eyes are on the group’s pan-African joint venture with Allianz, to see whether it will mirror the achievements of Sanlam’s interests in India.
Proposed amendments to Long-term Insurance Act stir debate and industry adaptation
A Sanlam insurance law expert discusses the implications of the proposed Long-term Insurance Amendment Bill for insurance companies and the public.
Sanlam proposes R6.5 billion buyout of Assupol
The deal is anticipated to enhance Sanlam’s competitive standing in the retail mass market.
Top employers benefit from bridging the hybrid work gap
Sanlam, Momentum Metropolitan, and Absa secured consecutive Top Employer certification for 2024 by excelling in HR practices and innovative initiatives, with a focus on employee well-being, diversity, digitisation, and flexible hybrid work models.
What you should know about a pension interest at divorce
A specific order in terms of section 7(8) of the Divorce Act is required if spouses want a retirement fund to make a deduction and payment to the non-member spouse.
Capitec’s funeral policy arrangement with Sanlam to end next year
Capitec Life will take over the administration of the in-force insurance book.
Funeral policy fraud: know how to protect yourself
While insurers say that the number of claims found to be fraudulent remains ‘stable’, funeral insurance continues to attract a high incidence of fraud and dishonesty.
Life insurance industry stages a remarkable comeback
Life insurance companies have defied the odds, bouncing back with impressive results in 2022, KPMG’s South African Insurance Industry Survey 2023 finds.
It’s all systems go for Sanlam and Allianz’s pan-African joint venture
The merger of their African operations will create an insurance giant with a combined group equity value of about R35bn.
Sanlam initiates unwinding of B-BBEE transaction amid market volatility and share concerns
Sanlam to consider alternatives ‘in the best interest of stakeholders’ to implement the orderly unwinding of SU BEE Funding in the lead-up to the funding repayment date.
Life insurers’ claim statistics reflect SA’s high murder rate
Claim statistics for 2022 paint a startling picture of the health and safety troubles facing the country’s youth.
Automated payment is not a defence to pension interest claims
The fund said the automated payment of the spouse’s 50% interest was already in process, and the payment could not be stopped.
Sanlam net results hit record high in 2022
But new business volumes from life insurance operations fall 10%.
Glacier by Sanlam on track to becoming SA’s largest LISP
Its asset base is expected to grow even further after the integration of Absa’s LISP business.
