Trucking & Logistics Insurance Trends to Watch in South Africa
1. Growing Demand for Comprehensive GIT Cover
Clients are tightening requirements and insisting on proof of GIT insurance before awarding contracts. With rising cargo theft and hijackings, companies want to know their goods are protected end-to-end.
𝗧𝗿𝗲𝗻𝗱: Transporters with robust GIT cover are winning more contracts than those without.
2. Cross-Border Insurance Becomes Essential
More fleets are expanding into neighbouring countries to find growth opportunities. But different jurisdictions, road conditions, and border delays introduce new risks.
𝗧𝗿𝗲𝗻𝗱: Policies that include cross-border extensions are now standard for serious logistics operators.
4. Focus on Downtime & Cashflow Protection
With rising repair costs and global supply chain delays, trucks are off the road longer after incidents. That downtime impacts income and contracts.
𝗧𝗿𝗲𝗻𝗱: More transporters are adding Downtime Cover or Excess Buy-Down to safeguard cashflow.
5. Technology & Telematics Driving Insurance Benefits
Insurers are rewarding fleets that use tracking, driver monitoring, and dashcams. These technologies not only reduce accidents but also speed up claims.
𝗧𝗿𝗲𝗻𝗱: Expect lower premiums and better claims outcomes for fleets that embrace telematics.
6. Specialist Brokers Over Generalists
The complexity of transport insurance is pushing businesses to work with industry specialists rather than general brokers. The difference lies in tailored solutions, claims expertise, and compliance guidance.
𝗧𝗿𝗲𝗻𝗱: More transport companies are consolidating policies under a Portfolio Manager who understands their business.
Final Word
The transport and logistics industry is facing pressure from every angle — crime, costs, competition, and compliance. The right insurance strategy doesn’t just protect assets; it positions your business to 𝘄𝗶𝗻 𝗰𝗼𝗻𝘁𝗿𝗮𝗰𝘁𝘀, 𝗶𝗺𝗽𝗿𝗼𝘃𝗲 𝗿𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝗰𝗲, 𝗮𝗻𝗱 𝘀𝘁𝗮𝘆 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗶𝗻 𝟮𝟬𝟮𝟱 𝗮𝗻𝗱 𝗯𝗲𝘆𝗼𝗻𝗱.
At 𝗢𝘀𝘂𝗿𝗲 𝗕𝗿𝗼𝗸𝗲𝗿𝘀, we’ve been helping transporters navigate these trends for 19 years. Whether you need GIT, cross-border, downtime, or umbrella cover, our Portfolio Managers ensure you’re always one step ahead.