Beyond COVID-19: Charting the road to recovery for South African insurers

“Before the COVID-19 pandemic struck, South Africa’s insurance sector was already dealing with an ongoing economic recession and a ratings downgrade. Things are now looking worse. The pandemic’s negative impact on the insurance-premium pool is expected to be roughly double that of the 2008–09 recession—and the sector will take twice as long to bounce back.”

via McKinsey & Company