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  1. Global property insurers are facing market reassessment due to increasing extreme weather losses, leading to premium hikes and withdrawals driven by climate risk.
  2. Catastrophe losses are rising sharply and pricing is softening, leading to a market decline in the business insurance sector.

Insurance companies like Sanlam and Santam are facing elevated catastrophe losses due to regional events including floods in Morocco, wildfires in the Western Cape, and a cyclone in Madagascar.

1 report, 1 independent Updated Sep 10
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Insurance companies like Sanlam and Santam are facing elevated catastrophe losses due to regional events including floods in Morocco, wildfires in the Western Cape, and a cyclone in Madagascar.

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