Liberty says its retail unit in SA is struggling to get new business

📆 2019/05/17 19:30:00
📰 BDliveSA

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Indexed new business sales in the SA retail insurance unit increase 1% from a year before to R1.5bn

Liberty Holdings says its retail insurance business in SA battled to lift new business volumes in the three months to end-March.

Indexed new business sales in the SA retail insurance unit grew just 1% from a year before to R1.5bn.As a result, that unit saw net customer cash outflows of R252m, versus inflows of R514m a year before.

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