Violent protests have cost R1bn in past 9 months – Sasria

The risks insurer showed that service delivery protests accounted for 76.6% of claims lodged with it in the year to end-March.

ncreasing insurance claims due to violent service delivery protests have contributed to an estimated R1 billion in losses over the past nine months, according to the state-owned special risks insurer Sasria.

Sasria provides risk cover to individuals and businesses that own assets in South Africa.

Between 2012 and 2019, Sasria received more than 20 000 claims with a notable increase in the recent past, particularly between 2017 and 2019.

Insurance operation executive manager, Fareedah Benjamin, said: “During the first five months of the 2018-19 financial year, Sasria received over 2 000 new claims registered, totalling an estimated value of R1 billion.”

She said the bulk of the claims received were from commercial businesses, predominantly from South Africa’s industrial and commercial hubs including the Western Cape, Gauteng, and the Eastern Cape. Read more