Profits of insurer Clientele bore the brunt of increased unemployment in SA as investment withdrawals spiked while some customers failed to pay their premiums.
But the insurer, which competes with Assupol and Hollard in the entry-level market, is defending its market share against big insurers like Sanlam who are trying to make more inroads in the low-income segment through the launch of African Rainbow Life earlier in 2019. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.