<img src="RSA flag.jpg" alt="RSA flag" width="150" height="84">

South African Insurance Trends

Local Insurance Trends and Changes in 2014

South African Insurance trends may follow new directions during 2014.

Local Insurance Trends and Clients

<img src="girl with laptop.jpg" alt="Girl with laptop" width="112" height="112">

Online Insurance is the new trend

Echoing the global trend of client-centred insurance, local South African Insurance Providers are also geared towards the trend of increased customer knowledge and participation. This client-centric approach is slowly replacing the more traditional product-centric approach of the past.

Insurance Providers have also noted that a shift in the needs of new and younger clients points toward an increased volume of online and mobile applications to be made available.

According to data analysis and demographics, a strong market seems to emerge in the growing middle class sector.

Local Insurance Trends: Auto Insurance

<img src="dog car driver.jpg" alt="Dog car driver" width="150" height="84">

On your way to the pet shop, please pick up milk and eggs …

The following issues regarding Auto Insurance, may lead to an increase of car insurance premiums:

Increased number of cars: The increased number of cars on South African roads, many of which are not insured, poses a high risk to Insurance Providers.

Unlicensed drivers: Adding to the above-mentioned problem Insurance Companies face regarding uninsured drivers, another grave problem is the number of unlicensed drivers.

Road conditions: Potholes and appalling road conditions all across South Africa increases the risk to drivers and by implication, to Insurance Providers.

Auto repairs: Expensive auto repairs and breakdown services also add to the financial load that Insurance Providers are burdened with.

Driving Under the Influence (DUI): Numerous cases of DUI are reported annually. This poses a grave risk to sober drivers that may be involved in an accident caused by a drunken driver.

South African Insurers keep abreast of International Insurance Trends, whilst still having to accommodate local conditions.

Get your FREE insurance quotes from these Top South African Insurance Providers

1st for Women

Dial Direct

Budget Insurance

Auto & General Insurance