SA risks becoming 'uninsurable' as short-term insurers battle mounting claims due to crises | Business

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The sustainability of the non-life insurance sector is in the spotlight amid escalating weather-related claims, load shedding and social instability in SA. | News24_Business

The South African Insurance Association says no insurer wants to withdraw cover, but sometimes it might be unavoidable.

"Nobody wants to reach a place where insurance cover is just withdrawn. But sometimes it is going to happen," South African Insurance Association CEO Viviene Pearson said.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

 

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