Sasria confident of meeting claims despite rising service delivery protests
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South Africa’s sole special risks insurance service provider is confident it is more than adequately capitalised to meet rising service delivery related and all other claims, says Cedric Masondo, Managing Director of Sasria.
Sasria is a state-owned insurer established 40 years ago to protect organisations, businesses, municipalities and individuals from losses related to riots, strikes, terrorism, civil commotion and public disorder.
“Though we have experienced a considerable rise in the number and severity of claims in the recent past, the organisation’s financial position remains extremely healthy,” says Masondo. “Since the initial modest capital injection to set-up Sasria’s operations, the business has been self-reliant and continues to maintain a solid balance sheet,” says Masondo.
Masondo joined Business Day TV for more detail.
Sasria is a state-owned insurer established 40 years ago to protect organisations, businesses, municipalities and individuals from losses related to riots, strikes, terrorism, civil commotion and public disorder.
“Though we have experienced a considerable rise in the number and severity of claims in the recent past, the organisation’s financial position remains extremely healthy,” says Masondo. “Since the initial modest capital injection to set-up Sasria’s operations, the business has been self-reliant and continues to maintain a solid balance sheet,” says Masondo.
Masondo joined Business Day TV for more detail.
