The global reinsurance market plays a vital role in supporting the South African insurance industry. How does the availability of reinsurance capacity from international reinsurers benefit South African policyholders?

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It increases competition in the local market, potentially leading to lower premiums and more innovative insurance products.

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It guarantees that no insurance company in South Africa will ever become insolvent.

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It eliminates the need for South African insurers to comply with local regulations.

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It ensures that all insurance claims in South Africa are paid out in US dollars.

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The global reinsurance market plays a vital role in supporting the South African...

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