Industry News – Page 83 – Moonstone Information Refinery

Video interview: New mutual insurer enters the market

And Momentum Insure takes a knock from the higher cost and the increased frequency of claims.

Life insurance sales down slightly as the group stops selling certain products in China.

Annual report notes a steady increase in disputes related to power surge claims.

The important statistic is the proportion of personal lines complaints relative to an insurer’s share of the total personal lines claims.

Decline in the number of complaints and in the number of cases resolved in favour of policyholders.

Cases that were resolved wholly or partially in favour of the complainants fell to 29%.

Any stupid remark or action could lead to a further downgrade in South Africa’s credit rating and higher 10-year government bond yields.

The key issue in the appeal application was the relationship between the insured event and the life insurer’s duty to pay the claim.

Loadshedding, inflation, and high interest rates are squeezing consumers’ finances.

Complaints about current accounts and digital banking were the two largest categories of cases opened with the ombudsman.

Real incomes down 4pp | Push to sanction non-disclosure of beneficial ownership | Cell captive plan for expensive medical treatment

It will decide by the end of the month whether to reintroduce the exclusion.

Statistics indicate a rise in income protection claims resulting from diagnoses for mental and behavioural disorders.

SAIA is concerned about consumers’ perceptions of the insurance industry as covers are removed but premiums increase.

An analysis of whether the trading strategy of selling in May and buying back later in the year succeeds.

Companies should consider drawing up disaster management plans.