Load shedding claims now exceed burglaries, fuelling premium hikes, says Sanlam

The original article can be found here.

Article highlights:

  • Sanlam’s CEO says short-term insurers are faced a “perfect storm” in South Africa in the first half of 2022.
  • Burglaries and accidents are rising, and so are damages related to load shedding.
  • Meanwhile, prices of parts to fix customers’ cars and appliances are rocketing because of inflation.