According to a KPMG study, the South African life insurance industry [4] may have to make some tough business decisions in the upcoming months.
To recoup some of the losses associated with the Covid-19 pandemic, insurers have implemented several measures such as life insurance premium repricing.
In South Africa, the vaccination rollout is reaching a level that may drive policyholders to reconsider their life coverage.
Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fsouth-african-life-insurance-market-to-face-post-covid-19-recovery&text=South+African+life+insurance+market+to+face+post-Covid-19+recovery
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fsouth-african-life-insurance-market-to-face-post-covid-19-recovery&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-185-november-2021
[4] https://www.atlas-mag.net/en/article/ranking-of-south-african-life-insurance-companies-according-to-2019-s-turnover