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The growing litigious culture in South Africa, coupled with the turbulence of the economic climate, has led to a considerable upsurge in professional indemnity (PI) claims.
As we begin to emerge from the pandemic, business owners are finding themselves having to adjust to a very different business environment.
Last year’s civil unrest that left almost two million jobless and cost the country over R50 billion, horrified South Africans. Before the unthinkable occurred, including Sasria cover on policies was met with some hesitation. Despite its nominal fee, South Africans questioned its value and importance.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?