South African life insurance market to face post-Covid-19 recovery

According to a KPMG study, the South African life insurance industry may have to make some tough business decisions in the upcoming months.

To recoup some of the losses associated with the Covid-19 pandemic, insurers have implemented several measures such as life insurance premium repricing.

In South Africa, the vaccination rollout is reaching a level that may drive policyholders to reconsider their life coverage.