The Big Read
Storm clouds ahead for new wave of insurers?
Consumers are spoilt for choice thanks to the proliferation of short-term insurers, but industry players say a shake-out could be coming
09 April 2023 - 08:56
Intense competition among short-term insurers that are tapping into technology and data analytics to attract new clients is yielding rewards for consumers, but some in the industry expect consolidation as crime, catastrophic weather and load-shedding put the industry under pressure.
Peter Armitage, CEO of Anchor Capital, said the insurance market is “big and fairly healthy”, given that it is well established and consumers are familiar with paying for insurance...
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