In aid of the SMME Market
The relevance of SMMEs has increased significantly over the past decade and, with the dawning of the 4th Industrial Revolution or, as some terms it, the 2nd Information Age, this relevance will only increase. Insurance is an essential tool in the armour of the SMME to ensure sustainability. Although many insurers have catered for the needs of small business for decades, a large percentage have never been insured or their insurance was mostly linked to the owner’s personal insurance. Product development and advice were hardly specialized in the area of small business. With the high net worth space being over crowded by brokers and insurers looking for stability in premium income, the focus on SMMEs has been changing dramatically over the past decade. In this months edition you can read how the industry is executing on its responsibilities.
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