Will insurtech disruptors topple insurance giants?
Old Mutual Insure’s chief commercial officer weighs in on the trends set to define the short-term industry over the next decade.
Industry News
Medical schemes body loses urgent contempt-of-court application against CMS
The latest round of litigation between the Board of the Healthcare Funders and the CMS over low-cost medical schemes.
Beware of chancers: FSCA issues warnings against dubious operators
From individuals impersonating the FSCA to falsely presenting themselves as legitimate FSPs, alleged fraudsters are coming at consumers from all sides.
Embracing AI in insurance: the path to innovation and survival
Stephen van Niekerk, executive head of Momentum Myriad, shares lessons learned following the launch of a “first-in-industry innovation” life insurance product and how artificial intelligence (AI) will fuel the insurance industry.
Sanlam initiates unwinding of B-BBEE transaction amid market volatility and share concerns
Sanlam to consider alternatives ‘in the best interest of stakeholders’ to implement the orderly unwinding of SU BEE Funding in the lead-up to the funding repayment date.
Interest rates: the Sarb will not bow to political pressure
A 200 basis point cut in the repo rate will lead to the rand plunging by between 12% and 15%, putting upward pressure on inflation through more expensive imports.
The unit trust category that has far out-performed the others over the past decade
The average balanced fund has delivered about CPI + 2% over 10 years, which is well below the returns these funds aim to deliver.
How the whole world wins when the financial gap for women is bridged
A ‘new frontier’ of gender, diversity and inclusion focused initiatives are tackling tackle gender inequality in the financial sector.
Game on: revolutionising insurance with a fun and well-being focused approach
The insurance industry can be a force for good, says an insuretech’s managing director, and it begins with spreading happiness and well-being.
Misunderstanding explains consumers’ low trust in insurance, survey finds
It also found that customers’ perceptions of how financial institutions – specifically, their bank – treat them affects their uptake of insurance.
What customers look for when choosing financial products and services
Respondents believe that charges should be for the ‘core’ financial product or service only, with additional features perceived as free add-ons.
Preliminary report reveals cause of fire at Vodacom head office
Initial speculation pointed to the solar panels on the roof as the cause.
CMS releases guidelines on medical scheme increases for 2024
Members must be protected from further financial distress and the risk of losing their health insurance, the regular says.
Anger, despair, and hope – stokvel members respond to email urging patience
A member of United African Stokvel shares why she invested R200 000 despite her initial misgivings.
Prison term of 15 years sends strong warning on tax fraud
Sentencing of business owner highlights Sars’s determination to combat tax fraud and non-compliance.
OUTsurance expects Australian operations to boost profits
A trading update also says the group is considering what to do with OUTvest, which may include selling it.
South African banks are not the culprits as portrayed
The banking sector is one of the few pillars standing in a country that is effectively under business rescue after imploding from state capture.
