Why "insurance marketplaces" could be key to the future of insurance in South Africa

By Lotus FM Newsbreak Producer Taliesha Naidoo

The future of the insurance sector is rapidly digitising with insurance marketplaces offering consumers a one-stop platform in providing multiple insurance quotes.

Consumers are then able to use the insurance marketplace to compare quotes and purchase insurance products. These marketplaces are fast-growing to become the method of choice for consumers, who want to avoid paperwork and call centre agents.

Vis Govender, CEO of South African insuretech company - Everything.Insure - unpacks how insurance marketplaces are transforming the insurance sector.

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