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South Africa: Insurance Industry Update - September 2021

ByDavid Kirk, Richard Taylor, Avashni Rossouw, Susan Melmed, and Chris van der Merwe
8 October 2021

This summary of the third quarter developments includes regulatory updates, court rulings, operational risks, and our view on COVID-19-related issues. Major topics include:

  • Riot insurance and premium increases
  • Ombud ruling in favour of the insured in auto claim involving excessive speed
  • Proposed amendments to the policyholder protection rules for micro-insurers
  • Draft public reporting for insurers
  • Reporting standards on risk adjustment, capital allocation and transition

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About the Author(s)

Richard Taylor

Avashni Rossouw

Susan Melmed

Chris van der Merwe

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