
Loadshedding takes centre stage in SA’s risk landscape
Loadshedding has surged to the forefront of insurance concerns, eclipsing traditional threats such as fire and theft, according to Santam’s 2023 Insurance Barometer.
Loadshedding has surged to the forefront of insurance concerns, eclipsing traditional threats such as fire and theft, according to Santam’s 2023 Insurance Barometer.
The reinsurance market will remain hard for the foreseeable future, and most reinsurers believe another July 2021 is just around the corner, says chief executive.
Statistics for the first half of 2023 show a high number of lapses and surrenders as consumers are squeezed by the cost of living.
The High Court has dismissed the administrator’s second attempt to compel the Fund to resume processing medical scheme members’ claims.
The Road Accident Fund’s directive is not in line with the Medical Schemes Act, the regulator says.
The claim form, together with supporting documentation, must be delivered to the liquidators’ office in Pretoria.
Claim documents have been sent to creditors as the provisional liquidators take steps to recover assets and secure funds held in the name of Classic Financial Services One.
An insurance provider advises caution following a surge in the trade in counterfeit luxury goods.
With reserves reaching R8.8 billion, can members expect that very low contribution increases will automatically follow?
Could have, would have, should have – The Unrest, a documentary capturing the unfolding events of the July 2021 riots, bring old hurts to the surface.
The administrator is seeking interim relief until the Constitutional Court rules on the matter.
Indications that great care needs to be taken to investigate the claim before it is paid.
The reduction in Covid-19-related death claims in 2022 was offset by increasing morbidity trends.
The total value of claims in 2022 was 23% lower than in 2021, partially because of a marked decrease in Covid-related claims.
The important statistic is the proportion of personal lines complaints relative to an insurer’s share of the total personal lines claims.
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.