The South African Special Risk Insurance Association has to date paid out R5.8 billion in claims to businesses that suffered damages during the July unrest in KwaZulu-Natal and Gauteng. In the statement, Sasria Managing Director, Cedric Masondo, said: "Our discussions with National Treasury are in line with the desired determination of the best medium that.
The South African Special Risk Insurance Association (Sasria) has reiterated that it has sufficient reserves to pay all valid claims from the July unrest.
Recent media reports have raised concerns amongst policyholders and the public at large regarding the South African Special Risk Insurance Association ability to honour claims following the unrest, and; these are valid and noted. Mr Cedric Masondo, Sasria's Managing Director, said: "Our discussions with National Treasury are in line with the desired.