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International

P&C insurance market sees reduced capacity on risks

August 22, 2023 Reprints

According to a new report from Aon PLC, South Africa’s insurance market is continuing to see reduced capacity on risks, making it challenging to secure coverage with carriers, Middle East Insurance Review reported. The report also highlights that natural catastrophe cover restrictions are increasing globally, including in South Africa, following the KwaZulu-Natal floods, affecting reinsurance treaty renewals.

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P&C insurance market sees reduced capacity on risks

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