SA’s short-term insurers are bracing for higher reinsurance costs, as natural catastrophes are expected to hit the country more frequently.
The nature of reinsurance — reinsurers are the final takers of risk in the insurance chain — means global risk events eventually push up the reinsurance price. This is especially so for the large German and Swiss reinsurers, which have felt the impact of recent floods in both KwaZulu-Natal and Australia. ..
Whg are this companies crhing now? They have been getting money for free anyway.its time that they pay using all the monies they had been takjng for free for over 50 years.
You figured that out all by yourself did you 🥺🤡
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: