
Cyber threats: awareness high, but cover still low
Only a fraction of South African consumers and businesses have cyber cover, leaving a significant gap between awareness and protection.

Only a fraction of South African consumers and businesses have cyber cover, leaving a significant gap between awareness and protection.

The government will engage the sector on the potential for parametric insurance to improve South Africa’s approach to disaster risk.

A study says the reasons include underinsurance, poor maintenance, claims processing delays, and market constraints.

Three medical schemes fell below the 25% solvency threshold in 2023.