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

At 2:47 AM, hackers compromised the smart building management system of a Umhlanga complex. By 3:15 AM, they'd disabled the electric fence, unlocked the basement access gates, and disarmed the alarm system. By 4:00 AM, five units had been burgled. Total loss: R890,000. The body corporate's insurance claim was declined. The reason? "Cyber event causing physical loss." The building insurance policy covered burglary, but not burglary facilitated by hacking. The cyber insurance p

The insurance landscape has evolved rapidly, shaped by technological innovation, shifting consumer expectations, and an increasingly...