Santam Ltd 2016 IR
The report highlights Santam's performance and strategic progress during the 2016 financial year, emphasizing its commitment to delivering 'Insurance good and proper' amid a challenging claims environment and economic volatility. The company achieved a gross written premium growth of 7% and maintained a net underwriting margin of 6.4%, within its long-term target range. Key initiatives included expanding the 'Partnerships for Risk and Resilience' program to assist local municipalities with disaster risk management, and investing in consumer financial education, particularly for emerging farmers. Additionally, Santam advanced its digital transformation by migrating personal lines policies to a new administration platform and successfully issued R1 billion in subordinated debt to strengthen its capital position.
Company: Santam Ltd
Sector: Finance & insurance
Country: South Africa
Year: 2016
Type: IR
Pages: 140
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Santam Ltd
Integrated Report
The report highlights Santam's performance and strategic progress during the 2016 financial year, emphasizing its commitment to delivering 'Insurance good and proper' amid a challenging claims environment and economic volatility. The company achieved a gross written premium growth of 7% and maintained a net underwriting margin of 6.4%, within its long-term target range. Key initiatives included expanding the 'Partnerships for Risk and Resilience' program to assist local municipalities with disaster risk management, and investing in consumer financial education, particularly for emerging farmers. Additionally, Santam advanced its digital transformation by migrating personal lines policies to a new administration platform and successfully issued R1 billion in subordinated debt to strengthen its capital position.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Employees