The Insurance Barometer is Santam’s annual research report providing insights into the South African short-term insurance industry. It highlights key risk management trends, insurance analytics, and consumer sentiment, helping brokers and clients navigate emerging challenges.

The report draws on extensive fieldwork, including surveys with South African consumers, businesses, and brokers. This data is analysed alongside Santam’s internal claims records and insurance analytics to deliver trusted, evidence-based risk management research.

The report is valuable for brokers, business owners, policymakers, academics, and anyone with an interest in risk management and insurance. It offers vital insurance insights for strategic planning, helping stakeholders stay informed on commercial insurance industry trends and future insurance developments in South Africa.

The report explores critical insurance industry trends affecting the South African market, such as economic pressure, rising crime, infrastructure risks, and weather volatility linked to climate change. It also shares global insurance industry insights and highlights how these risks impact both personal and commercial insurance lines.

Understanding insurance industry trends and risk factors is crucial for effective decision-making. The Barometer equips brokers and clients with practical tools to identify risks, optimise cover, and adapt to changes in the insurance industry.