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Pandemic Isn't Half Over for S. Africa Insurer Seeing...


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“We are basically planning for two-and-a-half more waves,” Sanlam Ltd. Chief Executive Officer Paul Hanratty said by phone. The insurer is also “very realistic” that South Africa’s vaccine program “is not going to impact the current year very significantly,” he said.
Africa’s most-industrialized nation has been the hardest hit by the pandemic on the continent, with an official death toll of over 51,000 and more than 1.5 million infections. It started inoculating health workers in February, but the government’s program may only reach the two-thirds of the population necessary to achieve herd immunity in 12 to 18 months.
With the widest reach across Africa of any insurer, Sanlam is preparing for a doubling in excess claims from surges in Covid-19 infections and the longer-term health effects of the pandemic in coming months. ....

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SA vaccine programme won't impact 2021 significantly, says Sanlam

SA vaccine programme won't impact 2021 significantly, says Sanlam
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