Cyclical Shifts in the South African Insurance Market: Understanding the Soft Cycle
By Alicia Arjunan, Underwriter, PARTNER RISK Cyclical Shifts in the Insurance Market An ongoing topic of discussion among key players in the South African insurance sector is the current soft market cycle. The insurance industry moves between hard and soft market conditions, shaped by socio-economic factors, catastrophe loss events, and broader market dynamics. Recent years […]
Secondary perils: South Africa’s Hidden Insurance Risk
Large Commercial and Corporate property insurance has always contended with catastrophic events such as widespread storms, major fires, significant natural disasters, which are less frequent but result in widespread and very extensive damage and are mainly weather-related. These are also sometimes called Primary perils. In recent years however, insurers and reinsurers have fundamentally shifted focus […]