Affordability pressures squeeze SA insurers, barometer shows
Even among the insured, 38% of polled consumers chose not to cover some of their belongings
19 November 2019 - 19:51
The explosion of new risks such as those relating to climate-change damages and cybercrime, in a country in which a shrinking number people can afford to buy short-term insurance, is turning the industry on its head.
In presenting SA’s first general insurance barometer on Tuesday, the country’s largest short-term insurer, Santam, said an increasing number of people are struggling to afford insurance. Even among the insured, 38% of polled consumers chose not to cover some of their belongings...
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