Inflation in the insurance environment

The last five - 10 years in South Africa, we have had fairly well controlled inflation, both from a CPI perspective and in the short term insurance industry.

The sudden rise in inflation that we are seeing is driven both by demand related issues and supply related issues.

In our discussion with Soul Abraham, Chief Executive for Retail at Old Mutual Insure, we talk about the driving forces behind this inflation in the insurance industry and how inflation is driving the cost of claims. It is definitely worth a watch, you will be surprised by some of the insights shared.