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Santam says it paid R652m in weather claims last year

  • Santam paid out R652 million in weather-related claims in 2024, up from R583 million the year before, attributing the increase to climate change-related weather volatility and deteriorating infrastructure.
  • High-impact weather events concentrated in the Western Cape, Eastern Cape, and KwaZulu-Natal resulted in significant payouts for Santam, as outlined in their 2025 Insurance Barometer Report.
  • Santam utilized flood-risk mapping and geocoding tools to save over R300 million and is collaborating with municipalities to enhance climate readiness through various initiatives.
  • Despite concerns over rising living costs, crime, and cyber risks among consumers, many South Africans remain underinsured for cybercrime, highlighting the need for increased awareness and protection measures.

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