Standard Bank: The consequences of climate change
/ 29 January 2024

Standard Bank: The consequences of climate change

The consequences of climate change span every aspect of people’s lives — how we earn income, produce and consume food and respond to climate change. The insurance industry, and importantly its clients and citizens at large, are not spared by the severe weather patterns caused by climate change. Is there more we can do to mitigate the risks?

Hail, floods and fires: Insurers in the eye of the storm
/ 16 November 2023

Hail, floods and fires: Insurers in the eye of the storm

Extreme weather events are a key risk to insurers as the climate crisis threatens to ratchet up the price of cover

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UN: Melting glaciers, heat, space debris among tipping points of risk
/ 31 October 2023

UN: Melting glaciers, heat, space debris among tipping points of risk

Extinctions, depleted groundwater and an uninsurable future are the others, and together they create instability with potentially catastrophic effects

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Income strain weighs on financial sector
/ 19 March 2023

Income strain weighs on financial sector

As consumers and businesses reel from tough conditions, insurers have expressed uncertainty over whether there is room for growth

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Hefty insurance premium hike for people living in disaster-risk areas
/ 10 September 2022

Hefty insurance premium hike for people living in disaster-risk areas

Extreme weather conditions due to climate change are set to increase, meaning higher premiums

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Clients affected by insurance collusion can claim civil damages
/ 1 September 2022

Clients affected by insurance collusion can claim civil damages

Eight insurance firms are being probed over price-fixing allegations. Legally, clients can claim for damages but experts say they should not hold their breath

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Unvaccinated South Africans to pay more for insurance premiums
/ 6 December 2021

Unvaccinated South Africans to pay more for insurance premiums

Insurance companies have adjusted their premiums and people who are not vaccinated will pay more for cover

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