
Misclassified vehicle use – a reminder to provide adequate advice
An FSP failed to ensure that a client was made aware of the implications of modifying his policy, resulting in an insurance claim denial.
An FSP failed to ensure that a client was made aware of the implications of modifying his policy, resulting in an insurance claim denial.
The FSCA has raised the maximum daily penalty for late submissions under insurance legislation by 4.39%.
The operating profit more than doubled in 2024, while gross written premiums increased by 9%.
With directors held accountable for undisclosed deals and conflicts of interest, the judgment brings to light the crucial issue of whether D&O policies will stand behind executives embroiled in misconduct.
The group recorded double-digit earnings, robust new business volumes, and an increased dividend, all underpinned by its tri-regional focus.
With the integration of Assupol well under way, Sanlam is working to streamline its operations and enhance its market position.
Nearly all business units report strong growth in new business volumes.
A DebtBusters study provides interesting insights into how South Africans in different income bands prioritise their spending outside of debt repayments.
Although expropriation itself is generally an excluded event, there may be knock-on effects that could impact the insurance sector.
South Africa’s courts have taken much guidance from the judgments emerging from the United Kingdom relating to Covid-19.
The complexities of prescription periods and cross-jurisdictional disputes can lead to significant insurance reserving and cost implications.
CEO Michele Jennings says glu targets a wider audience with straightforward products and digital innovation.
The insurer argued the hijacked vehicle should not have been on the road because the driver’s PrDP had expired.
The FSCA fines Kings International Removers R1.1 million and debars its owner for eight years.
It says the new business division, called glu, provide members with straightforward insurance solutions and profit-sharing.
His legacy includes a groundbreaking approach to selling insurance, building Steyn City, and a commitment to community development.
The insurer successfully upheld the enforceability of a guarantee after a civil engineering company failed to complete a project because of community disruptions.
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