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.