Consumers are spoilt for choice thanks to the proliferation of short-term insurers, but industry players say a shake-out could be coming. Mergence’s financial services investment analyst, Radebe Sipamla, said the nonlife sector had evolved. The adoption of data analytics and technology to help to model risk, coupled with sound actuarial pricing, had moved the dial for insurers as they offered products that suited the individual needs of customers.
Mega-themes for investors: digital disruption
Since early 2023, digital disruption has been a key driver of global equity returns. We have seen increased capital spending