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News Africa12 Jul 2021

South Africa:Insurers urged to stop delaying BI claims payments

12 Jul 2021

The short-term insurance industry (STI) in South Africa earned record profits during the COVID-19 pandemic, and has no reason to further delay settlement of all outstanding pandemic-related business interruption (BI) claims, according to Mr Ryan Woolley, CEO of Insurance Claims Africa (ICA), who is representing over 850 claimants in their ongoing fight to receive final payments from insurers.

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