Business Day TV spoke to Momentum Metropolitan group financial director Risto Ketola about the insurer’s full-year results
Momentum Metropolitan has reported a 34% plunge in normalised annual earnings as the insurer had to top up its Covid-19 provisions to cover potential death and other claims.
During the year, the firm paid R10.7bn in mortality claims. This is almost double what the company paid annually before the pandemic struck.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WATCH: Where Sanlam expects growth as it battles Covid-19 falloutBusiness Day TV spoke to Sanlam CFO Abigail Mukhuba about the company’s growth strategy
Read more »
WATCH: Where Sanlam expects growth as it battles Covid-19 falloutBusiness Day TV spoke to Sanlam CFO Abigail Mukhuba about the company’s growth strategy
Read more »
Concours SA 2021 cancelled againAnnual classic-car contest cancelled for second consecutive year due to the Covid-19 pandemic
Read more »
No compensation for vaccinated people if they experience serious side effectsAdverse events following immunisation can be reported at any health facility and the Covid-19 hotline.
Read more »
COVID-19 LIVE UPDATES | Covid-19 will end, but the psychological scars that many suffered won't heal so easily: GhebreyesusCovid-19 live updates.
Read more »