South Africa: Insurance Laws and Products

Any party that decides to launch legal action does so with the goal of attaining legal recourse. In insurance, specifically, parties typically sue for damages.

In July 2024, the English High Court handed down a judgment on whether or not the insurers under a charterer's liability policy were obliged to indemnify third parties, where the insured went insolvent and had not paid the underlying claim to the third parties.

When a liability insurance policyholder is being sued, they refer that legal case to their insurer. If a claim in question falls within the four corners of a policy...