The insurance industry in Africa is undergoing significant transformation, marked by evolving consumer needs, technological advancements, and shifting demographics. Among the most influential demographic groups driving this change is the Millennials generation

South African businesses lose millions annually due to fires, making commercial fire the biggest risk from an insurer's perspective. Thabo Twalo of Santam emphasizes comprehensive fire safety strategies and the importance of automatic fire sprinkler systems to mitigate these risks and reduce insurance premiums.

Forbes, the global publishing giant, has recognised Auto&General Insurance as South Africa’s top car insurer in its recent list of World’s Best Insurance Companies.

Karen Naidoo, Chief Operating Officer (COO) of Old Mutual Alternative Risk Transfer Insure Limited (OMART Insure), highlights the robust growth and strategic expansion of OMART Insure in the cell captive insurance market, emphasising its innovative solutions and strong market position in a challenging economic environment.

In a dynamic and evolving environment where we face a multitude of risks, having an adviser on your side can bolster your insurance planning process. Advisers can provide invaluable foresight into new and emerging risks and help their clients make informed decisions.

Jason Mellow of MiWay Insurance discusses the rise of side hustles in South Africa's gig economy. He emphasizes the importance of financial protection and appropriate business insurance for freelancers. Effective management and professional advice are key to sustaining and growing these ventures.