Sasria rates increases: What you need to know
Sasria SOC Ltd is South Africa’s legislated, specialist riot and strike insurer. Sasria cover is automatically included in most sections of short-term insurance policies where riot risks may apply. These premiums are collected together with your standard short-term premium, and the Sasria portion is shown on your policy schedule.
Following the catastrophic losses caused by the 2021 KZN riots, Sasria implemented a minor rate adjustment in 2022 but has not increased rates since then. Sasria has now announced new rate increases effective 1 October 2025 for all new short-term policies. For existing policies, the revised Sasria rates will take effect on the policy’s annual renewal date. This means that short-term insurance premiums will face additional upward pressure over the next year.
Some classes, such as domestic fire, will not increase. However, it is important to note that not all Sasria classes will be increased equally:- F2 – Commercial property: 35%
- GIT – Goods in transit: 64%
- M1 – Motor vehicles: 30%
- M3 – Taxi: 66%
- M5 – Busses: 33%
- M6 – Mobile plant: 100%
- M8 – Heavy commercial vehicles: 15%
- Money: 65%
- Business Interruption: 35%
- Construction plant: 100%
To put these rates into perspective, the Sasria portion of a commercial building’s fire premium is calculated as follows:
| Building Value: | R5,000,000 |
| Old Sasria Premium: | R104.40 |
| New Sasria Premium: | R140.95 |
Given the increasing frequency of protest action across South Africa, the need for adequate Sasria cover cannot be overstated.