At Santam, we believe in the simple principle that insurance should add value, not question and uncertainty.

Santam is South Africa’s leading property and casualty insurer with over 22% market share. Through a network of 2,700 brokers and direct channels, we offer a wide range of property and casualty insurance products and services in South Africa and internationally. We serve over one million policyholders, ranging from individuals to commercial and professional business owners and institutions.

This is the Santam group.

The group generates income from insurance activities and investments. Insurance activities include commercial and personal insurance, as well as alternative risk coverage. The performance of insurance activities is based on gross premiums written as a measure of growth and uses net written income as a measure of profitability.

The group consists of the Santam branded business units (Santam Commercial and Personal, Santam Specialist and Santam Re) and wholly-owned subsidiaries – MiWay (direct insurer), Centriq (cell captive insurer) and Brolink (an independently managed insurance administration business). A number of specialist underwriting managers are included within Santam Specialist.

The group also participates in investments and partnerships in emerging markets in Africa, India and Southeast Asia through collaboration with Sanlam Emerging Markets (SEM).

Through its collaboration with SEM, Santam holds an effective 7.5% stake in the Moroccan-based Saham Finances Group, which significantly expands the Santam footprint across the African continent. 

Santam is a subsidiary of South African financial services group Sanlam.

History of Santam

The South African National Trust and Assurance Company Limited (Santam) opened its doors for the first time in Cape Town on 1 May 1918. A month later a second company, the South African Life Assurance Company (Sanlam), was established as a full subsidiary of Santam, with a specific focus on life assurance. In 1953 Sanlam’s share capital was cancelled and by a special Act of Parliament, Sanlam was converted from a company to a mutual insurer. Santam’s history is marked by a sense of determination, courage and commitment to become the largest and leading short-term insurer in South Africa.