Whatever the case, says KPMG's Terblanche, all insurers need to think long and hard about growing in a sector which, unlike its product proposition, offers little security and peace of mind. "I would expect boards of all insurers to ask some very hard questions about how they are going to respond in this changing landscape.Homeowners who find their insurance policy isn’t covering losses sufficiently should take the time to review and upgrade their policies.
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Product proposition
Upgrading Insurance policies
Insurance have no loss
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