As climate change accelerates, South African businesses face increasing risks from extreme weather events such as floods, droughts, and wildfires. These disasters can cause financial losses, disrupt supply chains, and halt operations. The World Economic Forum warns that businesses failing to address climate risks could lose up to 7% of their earnings by 2035.
In recent years, short-term insurance premiums in South Africa have grown significantly. In 2022, gross written premiums reached R140.1 billion, reflecting a 9.7% increase from the previous year. This upward trend continued, with an average premium increase of 2.2% from the third to the fourth quarter of 2023.
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As we settle into the year, managing finances should be a top priority. February is a good time to review personal budgets
As South African businesses become increasingly reliant on digital platforms, the risks associated with cybercrime continue to grow at an alarming rate.
For many years now, South Africans have been subject to record-high interest rates, tough economic conditions and a gruelling inflation environment. However, since September 2024, things started looking up
Short-term insurance is a crucial part of financial security, providing a safety net that can keep you on track, even when life takes unexpected turns.
To date, almost one million professionals have left South Africa for countries such as the United Kingdom, Ireland, Australia, the USA and Canada. This exodus has led to lower productivity and higher costs for companies as they struggle to find and train replacements.
Many policyholders worry that their insurance premiums will automatically spike after a claim has been submitted. This common misconception even deters some people from using their insurance when they need it most.
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