The original article can be found here.
Article highlights:
- With R10 billion in its arsenal, state-owned insurer Sasria is bracing for what it anticipates could be the largest claims from civil unrest since 1994;
- In the 2020 financial year, Sasria reported a R333 million profit after tax – up from a loss of R1 million, and the company can pay out claims of up to a maximum of R500 million per insured asset per annum;
- Sasria said it had received about R100 million in claims as of Tuesday and more claims are expected. “We are looking at a ballpark figure of R7 billion and above.”
