Understanding short-term insurance habits South Africans choose to prioritise

Loading player...
GUEST – Andrew Fulton, Director at Eighty20

South Africa, is a country grappling with high crime rates, economic volatility and climate change. With disposable incomes under pressure, these concerns underscore the crucial role of insurance as a safety net for individuals dealing with extreme and unforeseen events. Eighty20, South Africa's leading consumer insights and data science firm, analyses the South African short-term insurance (STI) sector.

The analysis delves into the demographics of STI holders, the economic and environmental challenges impacting consumers, and the significance of understanding consumer behaviour within the sector. Short-term insurance provides coverage through policies that are typically renewed on an annual basis. This type of insurance is designed to protect against specific risks and losses, including vehicle, household and home contents insurance. It also extends to high-value items such as bicycles, smartphones, boats and airplanes.
22 Aug 2024 11AM English South Africa Business News · Investing

Other recent episodes

One Year Into The Two-Pot System: How Much Have South African’s Withdrawn?

Guest - Nzwa Shoniwa, Managing Executive: Sanlam Umbrella Solutions From 1 September 2024 to 31 August 2025, Sanlam Corporate paid out approximately R4 billion across 223 000 emergency-pot claims with R1 billion in tax flowing to SARS. On average, we are paying out about R150 million a month, but when…
11 Sep 10AM 14 min

Discovery Group Delivers 30% Rise In Profits

Guest - Hylton Kallner, CEO of Discovery South Africa and Discovery Bank Discovery has delivered record results, posting a 30% surge in profit and entering a new phase of scaled growth with its two main composites, Discovery South Africa and Vitality. We’re joined by Hylton Kallner, CEO of Discovery South…
11 Sep 9AM 18 min

FirstRand Post 10% Rise In Earnings And An Impressive 20% Return On Equity

Guest – Mary Vilakazi – CEO of FirstRand South Africa’s largest banking group, FirstRand, has posted a 10% rise in earnings and an impressive 20% return on equity – well above peers – despite economic headwinds. In this episode, we speak to Mary Vilakazi, the Group CEO, about what drove…
11 Sep 9AM 16 min

What Tractor Sales Tell Us About The State Of Agriculture In South Africa?

Guest – Thabile Nkunjana, Agricultural Economist Agricultural Machinery Sales indicate that August tractor sales of 700 units were 22% more than the 572 units sold in August last year. There have been welcome reactions from agricultural associations about the increase in machinery sales.
10 Sep 10AM 20 min