In conclusion

The Barometer serves as an excellent overview of the state of South Africa’s evolving insurance landscape, its consumers, industries, and intermediaries in response to global and local events. In spite of insurmountable challenges, South Africans are putting shoulder to wheel to adapt and change to survive. As the South African economy continues to see new and complex risks emerging, the insurance industry must be unrelenting in its quest for innovation, collaboration, and affordability, and a willingness to underwrite the risks that threaten South Africa’s efforts to rebuild the economy and support business vitality. That being said, industries and individuals must play their part to minimise risk, disruptions, and damages to ensure a safer, more productive South Africa for all.