Sanlam expects rise in excess claims from COVID-19
Posted On: Mar. 16, 2021 9:20 AM CSTPaul 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.