Santam Ltd - Company Profile
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Santam Ltd (Santam), a subsidiary of Sanlam Ltd. The company engages in providing a diverse range of general insurance products and services. Its major offerings include insurance policies covering property, motor, engineering, liability, loss of income, and crop-related risks. Santam serves a wide range of customers, including individuals, small and large businesses, and the agricultural sector, across various industries. The company operates through a multi-channel distribution network comprising independent intermediaries, tied agents, franchises, and direct channels. Santam's geographic presence extends across Africa and select international markets. Santam is headquartered in Cape Town, Western Cape, South Africa.
Santam Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Personal Insurance: | SOS Services |
| Personal All-Risk Insurance | Online Services |
| Buildings Insurance | Claims Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Regulatory Approval | In July, the company received in principle approval from Lloyd’s to establish a syndicate in London. |
| 2024 | Contracts/Agreements | In November, the company signed an agreement to buy a 60% stake in Multichoice’s general insurance business, NMS Insurance Services. |
| 2024 | Contracts/Agreements | In September, the company entered into a partnership with the Free State Cheetahs to become an associate partner of the Toyota Cheetahs for the next three and a half years. |
Competitor Comparison
| Key Parameters | Santam Ltd | Liberty Group Ltd | Lombard Insurance Company Ltd | OUTsurance Holdings Ltd | Old Mutual Insure |
|---|---|---|---|---|---|
| Headquarters | South Africa | South Africa | South Africa | South Africa | South Africa |
| City | Bellville | Johannesburg | Johannesburg | Centurion | Johannesburg |
| State/Province | Western Cape | - | Gauteng | Gauteng | - |
| No. of Employees | 6,971 | - | 220 | 7,467 | 2,725 |
| Entity Type | Public | Private | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Matthys Lodewikus Olivier | Director; Group Financial Director | Executive Board | 2023 | 51 |
| Tavaziva Madzinga | Director; Group Chief Executive Officer | Executive Board | 2022 | 47 |
| Nombulelo Moholi | Chairwoman | Executive Board | 2021 | 65 |
| Philile Mkhize | Chief Operating Officer | Senior Management | 2025 | - |
| Sam Nkosi | Chief Information Officer | Senior Management | 2023 | 56 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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