19% policy increase? They have lost their mind!

I have an Absa Activate policy with Absa, whereby I cover my buildings, contents and motor. I have just received my policy renewal documents. My new premium has gone up by 19%? This is unacceptable. Inflation is sitting between 3% and 4%. Employers are not giving out 19% increases in salary. I have multiple products with Absa - bonds x 2, vehicle, cheque and credit accounts, savings etc. And I am a wealth client. If Absa will not reduce the premium I will take all of my business elsewhere. With everything going on in South Africa and the world, this is definitely not the time to question brand loyalty - when companies like Investec and Discovery are offering better interest rates and cover for professionals like myself. Your retention team needs to fix this before 1 June 2026.