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Soci-political events like the chaotic general elections in a country can impact the short term insurance.
1. It could Impact on Reinsurance : Most of the domestical insurance company have international Reinsurance therefore is results to an increase in premiums = High premiums for short term clients. Ta. Ratz
A short move of current events is called a newsreel.
current development relaing to short term insurance
newsreel
News
A "Micrologue" (Micro=Short; Logue=Story) is a summery of events or a short story based on past, current or future events.
Short term loans, Insurance prepaid a/c
Ignore short term transient over current events (e.g. turn on inrush current) while blowing out on longer term over current events (e.g. shorted component).
Prepaid insurance is that amount which is paid in advance for future insurance so until actual insurance facility is availed by company it is an asset of company and if it is for short term or will be availed in current fiscal year then it is current asset otherwise a fixed asset, if some portion is usable in current fiscal year then only that portion will be current asset and remaining will be fixed asset.
New measures for South Africa's short term insurance could include financial inclusion and stability. It will protect consumers, regulate markets, and support industry integrity.
The advantage of short term insurance is that it is, like the name states, short term. You are free to switch insurance companies frequently instead. Short term insurance can also be cheaper.one