In this Business Talk with Michael Avery interview, Standard Insurance Limited\u2019s Johan van Greuning unpacks the biggest challenges facing the South African short-term insurance industry.<\/p>\n\n\n\n
Greuning is the CEO of Standard Insurance Limited – a subsidiary of the Standard Bank Group.<\/p>\n\n\n\n
He first joined Standard Bank Group in 1995, and has built up an extensive resume at the company.<\/p>\n\n\n\n
Greuning has transformed businesses, driven growth, and managed risk across multiple CFO, COO, and Director roles within the group.<\/p>\n\n\n\n
He uses his extensive experience gained in these leadership roles to ensure Standard Insurance Limited clients enjoy world-class short-term insurance solutions.<\/p>\n\n\n\n
In this Business Talk interview, Greuning outlines the key factors impacting the local and global insurance markets.<\/p>\n\n\n\n
He then unpacks the sub-par penetration rate of short-term insurance in Africa, noting key barriers preventing a sizeable increase in insurance demand within the continent.<\/p>\n\n\n\n
Greuning also discusses the significant growth opportunities in the region, which have led to several new parties entering South Africa over the past decade.<\/p>\n\n\n\n
He explains how the increase in severe weather events has impacted the local insurance industry, too, and suggests how insurance providers should adapt their pricing strategies as a result.<\/p>\n\n\n\n
Greuning concludes the interview by providing his predictions for the South African short-term insurance industry in 2025.<\/p>\n\n\n\n
Watch the full interview with Johan van Greuning below.<\/p>\n\n\n\n