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Most business underinsured for catastrophes: Aon

Posted On: Nov. 30, 2020 9:25 AM CST


A report by Aon Africa says that businesses in South Africa remain exposed to uninsured losses due to poor risk-preparedness despite increasing volatility, Middle East Insurance Review reported. Businesses remain underinsured against weather catastrophes and fire-related losses, while they are also facing political risks, cyber security issues, COVID-19 pandemic, supply chain problems, and business interruption risks.

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