How extreme weather is influencing your insurance premiums

In the past few years, South Africa has been hit by a number of extreme weather events, and insurers have had to adjust their prices. .

Several of South Africa's insurers are pricing in the impact of extreme weather events into premiums, one of which said it raised premiums up to 15% in flood-prone KwaZulu-Natal in the past few years. The country has seen a variety of extreme weather events in the past few years. This includes floods, wildfires, and damaging storms. In recent weeks, thunderstorms and tornadoes hit KwaZulu-Natal - which the weather service later confirmed that one measured 3 on the Enhanced Fujita scale. This means it was among the stronger and more destructive storms the country has ever seen, wreaking"severe damage".South Africans need to be in the know if we want to create a prosperous future.

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