pandemic
How insurers are attempting to keep pace with changing consumer habits
As the effects of the pandemic change the way we work and how much we drive, insurers are trying to cater to consumers’ needs
07 June 2020 - 16:26
The coronavirus has prompted short-term insurers to market flexible products as financially distressed consumers switch to working from home.
The sector was already contending with fewer vehicles to insure because of declining new-vehicle sales, which, according to the National Association of Automobile Manufacturers of SA (Naamsa), declined 68% in May.
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now