{"id":407516,"date":"2026-04-23T21:57:08","date_gmt":"2026-04-23T21:57:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/407516\/"},"modified":"2026-04-23T21:57:08","modified_gmt":"2026-04-23T21:57:08","slug":"insurers-feel-strain-as-fuel-costs-climb","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/407516\/","title":{"rendered":"Insurers feel strain as fuel costs climb"},"content":{"rendered":"<p>JOHANNESBURG &#8211; South Africans are facing renewed pressure from rising fuel prices, with knock-on effects stretching far beyond the petrol pump.<\/p>\n<p>The insurance sector is under strain as rising fuel costs drive up vehicle repairs, transport expenses, and overall claims.<\/p>\n<p>GIB Insurance Brokers said fuel sits at the centre of economic activity, influencing transport, production and the cost of goods and services.<\/p>\n<p class=\"text-align-center\">READ | <a href=\"https:\/\/www.enca.com\/news-top-stories-videos\/concerns-mount-over-widespread-fuel-tampering-sa\" rel=\"nofollow noopener\" target=\"_blank\">Concerns mount over widespread fuel tampering in SA<\/a><\/p>\n<p>As these costs rise, insurers are being forced to reassess risk and gradually adjust premiums.<\/p>\n<p>Motor and commercial insurance are hardest hit, with high towing costs, parts delivery expenses, and longer repair times pushing up claims.<\/p>\n<p>Transport businesses, including logistics firms, face added pressure &#8211; increasing risk concerns for insurers.<\/p>\n<p>The broker added that global oil prices, currency volatility and geopolitical tensions are fueling inflation, with reinsurance costs also affecting local premiums.<\/p>\n","protected":false},"excerpt":{"rendered":"JOHANNESBURG &#8211; South Africans are facing renewed pressure from rising fuel prices, with knock-on effects stretching far beyond&hellip;\n","protected":false},"author":2,"featured_media":407517,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-407516","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/407516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=407516"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/407516\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/407517"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=407516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=407516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=407516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}