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Reprints
Paul Hanratty, chief executive of South Africa-based Sanlam Ltd., expects a two- to three-fold increase in excess claims in 2021 compared to 2020 due to surging COVID-19 infections, Middle East Insurance Review reported citing Bloomberg. Mr. Hanratty said the insurer is preparing for two-and-a-half more COVID-19 waves and their impacts on health and excess claims in the upcoming months.