Santam to pay Covid-19 BI commercial claims in South Africa

Credit: iStock/Angkana Kittayachaweng

Santam will pay out to commercial policyholders with a contingent business interruption (CBI) extension in South Africa hit by the Covid-19 national lockdown in April, following the country’s Supreme Court ruling in December. But large corporate policies handled by its specialty business will be tackled on “an individual basis” due to their “bespoke and complex nature”. Meanwhile, Old Mutual has…

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