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South Africa’s non-life insurance industry is undergoing a fundamental shift as climate risks intensify and the cost of natural disasters rises, forcing insurers to rethink how they measure exposure, price risk, and support resilience.
As the effects of climate change continue to intensify, the need for accurate and actionable climate data has never been greater. For insurers, whose business depends on understanding, pricing, and managing risk, climate intelligence is no longer a “nice to have” but a business imperative.
With the short-term insurance industry rapidly evolving, Old Mutual Insure is using strategic acquisitions to stay ahead of the curve. Its Blue-Sky division has become a key driver of growth and diversification within the group. By targeting niche players and supporting consolidation across the insurance value chain, Blue Sky is helping to reshape an industry grappling with succession challenges, market fragmentation and the pressures of innovation.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?