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Insurance Claims Administrator Qualification – Get recognition for your hard work and experience

Did you know that your “on the job training” and years of experience in handling claims can now lead to you obtaining a formal, recognised qualification? Recognition of Prior Learning (RPL) is the key that opens this door. What is Recognition of Prior Learning? Recognition of Prior Learning (RPL) is a process by which individuals […]

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Technology is reshaping financial services

The COVID-19 pandemic and lockdown have changed the way we interact with each other. Most of us have embraced digital solutions and carried on with our jobs, but in a different manner altogether. “Demand for Microsoft Teams shot up during lockdown, with the company reporting 44 million daily users in May – a 40% increase […]

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Long-term insurance a beacon of hope – When days are dark…

The Association for Savings and Investment South Africa (ASISA) just published its half yearly long-term insurance statistics. Seldom has there been a better time to reinforce the importance of life assurance than what the country has just been through over the past six months. The industry played its part in providing premium relief in excess […]

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FPI and ASSA join forces – Working together in interest of clients

The Financial Planning Institute (FPI) and the Actuarial Society of South Africa (ASSA) have signed a Memorandum of Understanding (MOU) that will see these professional bodies work together to help retirement fund members select annuity options more likely to produce a sustainable retirement income. “Two heads are always better than one. Working closely with ASSA […]

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Urgency of the essence in BI dispute

In view of the important role that the hospitality industry plays in the economy, it is imperative that legal clarity is obtained as soon as possible. The FSCA has decided to put its own “test case” to obtain legal certainty on CBI Cover on ice. “After engaging with their legal teams, the majority of non¬life […]

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BI claims – Santam concludes R1 billion relief payments

Santam recently announced that they have paid just over R1 billion in interim relief to policyholders in the hospitality, leisure and non-essential retail services industries, who have the Contingent Business Interruption (CBI) extension in their policy cover with the company. ● In total 2 469 policyholders in the small and medium-sized business sectors received a total of […]

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Younger drivers reduced mileage during lockdown – Discovery Insure data

An analysis of Discovery Insure’s clients’ driving behaviour during the national lockdown indicates that its best drivers reduced their mileage by up to 89%, and younger drivers reduced their mileage more than older clients. Discovery Insure assessed accumulated mileage among clients along personal and commercial lines, and segmented it into the various levels of lockdown […]

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