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Challenging Conventional Wisdom: Three Short-Term Insurance Myths Busted!
An analysis by TransUnion South Africa indicates significant growth potential in the short-term insurance market by revealing that a substantial one-third of new policies come from customers who haven't had insurance in the past two years. The study also challenges the notion that brand loyalty is dead, showing that 13% of customers who cancel their policies will eventually return to their original insurer. Every industry operates on accepted wisdom, and the short-term insura
constant298
Oct 213 min read
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Climate Change and the Sectional Title Cover Gap - Are Levies Subsidizing Insurance Profits?
Your body corporate's insurance premium increased 18% this year. Your trustees negotiated hard, shopped around, and were told this was "competitive." Three months later, storm damage wreaked havoc on your building. The claim was declined. The reason? "Gradual water ingress" an exclusion buried on page 47 of your policy document. Welcome to the cover gap crisis facing South African sectional title schemes in 2025. The Perfect Storm South Africa's climate is changing faster tha
constant298
Oct 154 min read
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