This article from RiskSA
With increases looming, will insurers’ ability to absorb costs pay off in the long run?
“Your clients may be found wanting as the replacement costs on imported cars and parts are ready to skyrocket due to the weakened rand. The cracks are already showing. Massive increases have surfaced, and some believe it is only a matter of time before the depreciation severely impacts on the vehicle insurance and repair sector. But those insurers with deeper pockets who manage to absorb the increases could significantly boost the number of policyholder on their books.