10
Aug
CHAMWE KAIRA Covid-19 had a major negative impact on businesses in Namibia, including on the short term insurance industry. Riaan Vermeulen, Managing Director of Old Mutual Short-Term Insurance explains to the Windhoek Observer that not all their clients had the relevant cover for Business Interruption caused by Infectious Diseases. “It is therefore impossible to quantify the full impact on our customers though it is safe to say it was severe,” explains Vermeulen. Commenting on the move by Old Mutual to pay out its customers despite the tough economic environment, Vermeulen explains that Old Mutual’s position has always been to accept…