South Africa Insurance Q4 2018
Already one of the most developed markets in the region, South Africa's insurance industry continues to offer somegrowth potential, though the challenges facing carriers are also significant. A key limiting factor is sluggish economic growth andhigh rates of unemployment which mean that many households remain excluded from traditional insurance covers. Should insurersbe able to expand the range of more affordable microinsurance products available through accessible distribution channels, there isscope for more rapid growth in the industry.
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