Santam buys remaining 49% of insurance technology company JaSure

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Acquisition is part of JSE-listed insurer’s digitalisation drive in the wake of Covid-19 which severely disrupted its business model

Short-term insurance giant Santam has bought the remainder of insurance technology company JaSure it didn’t already own to bolster its digital offerings for commercial and personal clients.

The remaining 49% of JaSure was bought for an undisclosed amount, the JSE-listed insurer said in a statement on Tuesday. JaSure sold the initial 51% stake to Santam in 2020...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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