Market Report, "South Africa Insurance Report Q2 2014", Published
We believe 2014 will be a challenging year for companies in both major segments. Lacklustre economic growth and stubbornly high inflation will crimp premium growth and profitability. In the non-life segment, competitive pressures in a fragmented marketplace should limit companies' ability to lift prices and rates. In the life segment, the main challenge is the maturity of the marketplace.
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