By mid-2020, experts and insurers predicted that, in South Africa vaccines and population immunity would constrain the impact of future Covid waves. Instead, prior to the fifth wave, the number of cases in each wave peaked higher than the previous one, largely due to each wave being driven by its own Covid variant (with the second and third waves being the most severe).
Click here for Michele Jennings, CEO of Sanlam Group Risk’s discussion of the results of the impact of Covid that have seen an increase in group life and disability insurance costs.