Old Mutual Namibia has announced that it will now accept valid business interruption claims under the respective policy conditions, based on its own legal interpretation. This comes two years after the State of Emergency was declared when the COVID-19 pandemic caused a wave of severe financial losses for Namibian businesses. These losses had a significant impact on its short-term insurance customers, who had to navigate difficult times in order to keep their employees' livelihoods. Old Mutual Namibia Managing Director Riaan Vermeulen said that during these difficult and unusual times, OMN has deep sympathy for business owners who are concerned about how they will sustain their operations. Initially, it was unclear whether the insurance industry would consider the losses under the applicable Infectious and Contagious Disease clauses, which resulted in several legal battles and court judgments. In a press statement, he added that OMN is currently in the process of concluding and settling the remaining claims based on the expiration of the respective Indemnification Periods.