South African insurers face an uphill battle
South African insurers are currently confronted with a whole range of challenges that are likely to weigh heavily on their profitability.
The market is facing high inflation rates, the repercussions of climate change, socio-economic risks, tighter reinsurance conditions and infrastructure problems.
On top of all that, cybercrime could well be a new source of severe losses for the sector.
The recent war in the Middle East is another major concern for insurance companies.
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Thu, 28/12/2023 - 14:47
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