Santam relooks farm insurance ratings ahead of La Niña hail potential

As South Africa heads into a La Niña season, which brings about more rainstorms in the country, insurance provider Santam is revisiting its ratings for insurance related to the perils associated with the phenomenon.

Santam says there has been a significant rise in the occurrence of frost and resultant damage to crops every year since 2014. It adds that hail, frost and fire are the biggest crop risks and have escalated owing to the increased severity and prolonged effects of the dry El Niño and wet La Niña cycles.