Santam Insurance

Santam Insurance is most famous as the short-term insurance company that covers all your assets under a big yellow umbrella. It has been operating in South Africa for a very long time - over 87 years, and in that time it has emerged as the country`s leader, now holding over 20% of the market. They offer a wide variety of the usual and more specialised insurance products and services. The backbone of Santam`s business is it brokers, as around 95% of its business comes from that channel. Accounts can be managed jointly by brokers and clients using the company`s nationwide call centres. In addition there are over 60 Santam offices across the country, and the intermediary network includes over 7 500 members. This makes its reach vast and almost ubiquitous, which goes a long way to ensuring Santam`s market share. It has also taken advantage of modern Internet development, and provides online services for claims and claims tracking.

The products in the Santam Insurance stable include personal insurance, commercial insurance, corporate insurance, specialised insurance and risk finance. On the personal side there is probably the most well-known insurance package in South Africa, thanks to extensive TV advertising over a number of years - Santam Multiplex. This is a highly flexible personal insurance policy to cover your household possessions, buildings and gardens, machinery, vehicles, water craft, personal liability, legal access and family protection insurance.

Then there are personal insurance add-ons and extensions like Santam MultiBonus, which offers a cash bonus for successful management of risks covered by insurance policies.

Commercial insurance covers business insurance (Santam Commercial), dedicated agricultural insurance (Santam Agriculture), Mediplex insurance for medical professionals, Dentiplex for dental professionals, Vinoplex for vineyards, Umbrella Liability and Transport Insurance.

Corporate insurance covers property damage, casualty, motor fleets, business interruption and differences in conditions caused by riots.