Insurance news from MMI shows coverage laps rates will be increasing

Insurance news reports on cancelled policy trends

The third largest life insurer in South Africa has warned that this trend may be on the way. MMI Holdings, South Africa’s third largest life insurer, has released an insurance news announcement to warn the sector about a potential increasing lapse rate trend as consumers begin to feel the strain of trying to keep up their premiums payments. This trend refers to the cancellation of policies as the result of premiums nonpayment issues. The CEO of MMI Holdings, Nicolaas Kruger, explained that consumers are feeling a significantly larger amount of…

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