Liberty: cancer displaces Covid as leading cause of claims
Statistics indicate a rise in income protection claims resulting from diagnoses for mental and behavioural disorders.
Industry News
Brokers, clients looking for contract certainty with grid-collapse exclusions
SAIA is concerned about consumers’ perceptions of the insurance industry as covers are removed but premiums increase.
Sell in May and go away?
An analysis of whether the trading strategy of selling in May and buying back later in the year succeeds.
Update: Sasria U-turn on cover for damages related to electricity grid collapse
Companies should consider drawing up disaster management plans.
Monday briefing: a round-up of recent financial news
Busa lobbies for medical schemes under NHI | Few equity funds beat Alsi | High-targeting absolute return funds underperform | RAF to approach ConCourt over Discovery ruling | ‘Windfall tax’ from loadshedding | Alexforbes acquires stake in TSA
The adviser’s role in helping to create a lasting financial legacy
In tough times, it is important to think of your family’s future, and nothing says ‘prepared’ better than drafting your will timeously, planning your estate and leaving a proper wealth succession plan. 1Life launches its latest estate planning product offering.
SA at risk of becoming a failed state if the economy isn’t turned around soon’
Incoming Nedbank chairperson says ‘we are already on borrowed time’.
Big increase in damage to appliances and food spoilage because of blackouts
Loadshedding is having a more severe impact on consumers compared to a year ago, survey finds.
Santam introduces power surge excesses and exclusions as claims jump
What policyholders should know about the general exclusion for damage caused by electricity grid failure or interruption.
RAF wants to take its case against Discovery to the Constitutional Court
The fund has not resumed paying the past medical expenses of scheme members injured in motor vehicle accidents.
What retirement funds pay their board members and principal officers
PwC survey finds that 74% of funds are now paying some or all their board members, up from 47% in 2020.
Discovery files for leave to appeal R25m incapacity pay-out order
The judgment could have far-reaching implications for the life insurance industry, it says.
PSG Konsult grows assets under management by 13% as others struggle
The group also intends to maintain its high dividend pay-out ratio.
Monday briefing: a round-up of recent financial services news
Old Mutual sets minimum salary | Apex to manage Eskom retirement fund
‘Worrying trend’ in medical schemes’ membership profile
Alexforbes report also shows that contribution increases have outstripped CPI inflation over the past 22 years.
Thursday briefing: a round-up of recent financial services news
FNB to expand adviser network | Extending mortgages to fund solar unwise | Bank staff sentenced for fraud | ANC-EFF coalition ‘worries investors’
Most schemes rely on investments to achieve a net breakeven result – report
Do their highly conservative investment strategies pose a threat to their long-term sustainability?
