Protests push up claims to Sas­ria

Weekend Post (South Africa) - - NEWS -

PROTESTS pushed up claims paid by the SA Spe­cial Risk In­sur­ance As­so­ci­a­tion (Sas­ria) last year.

In its 2017 fi­nan­cial re­port‚ the com­pany said it had paid more than R760-mil­lion in claims‚ up by 30.8% from the pre­vi­ous year. In­sur­ance claims re­lated to vi­o­lent protests and ri­ots swelled 31% over the past year.

The coun­try bat­tled with stu­dent protests at the be­gin­ning of the aca­demic year and also ser­vice de­liv­ery protests‚ which both left a trail of dam­age to build­ings and other in­fra­struc­ture.

Ac­cord­ing to Sas­ria‚ the big­gest in­sur­ance claims came from stu­dent and ser­vice de­liv­ery protests. The ac­tual num­ber of claims in­creased by 22% and the sever­ity in­creased by 29%.

Ser­vice de­liv­ery and stu­dent protests re­mained the big­gest driv­ers of the claims at more than R300-mil­lion. – TimesLIVE

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