Emigrating – Insurance product considerations
Currently South African expats receive a tax exemption on their foreign income if they are outside the country for more than 183 days in total and for a continuous period of 60 days within a […]
Insurance
Technology – Friend or Foe?
“It’s no secret that the insurance sector is conservative by nature and has largely been slow to embrace technology. In the past year, many of the large incumbents have been touting new ‘digital’ […]
Social media and insurance – Another claim dispute resolved via Twitter
The power of social media once again came into play when a claim dispute was resolved after the insurer initially turned down a claim. According to media reports, DA MP Cameron Mackenzie was […]
New Insurance Business Application Guideline – Combined FSCA and PA document
The new application guideline and form to apply for a licence to conduct insurance business in South Africa has just been published. Purpose of Licensing 1. The PA carries out its functions in […]
Low-cost and health insurance products “debarred” – Will the poor suffer most?
The Council for Medical Schemes (CMS) has published a circular in which it prohibits South African medical aids from offering Low-Cost Benefit Options (LCBO) to low-income market segments. Furthermore, no products based on […]
Insurance Crime Bureau Annual Report – Trends to be aware of
The Insurance Crime Bureau has just released its Annual Report which provides a comprehensive overview of the activities of Bureau, as well as a few interesting case studies. “Over the years, various initiatives […]
Insurance Crime Bureau Annual Report – Trends to be aware of
The Insurance Crime Bureau has just released its Annual Report which provides a comprehensive overview of the activities of Bureau, as well as a few interesting case studies. “Over the years, various initiatives […]
National Health Insurance Bill – The house is divided
The National Health Insurance (NHI) Bill has been a subject of controversy since inception. Whilst the government forges ahead with the introduction of NHI, many experts believe the system will fail. A wide […]
Santam’s ST Insurance Barometer – Risk increase cannot be addressed by merely hiking premiums
Although South Africans believe that insurance provides them with peace at mind, more than half polled in a recent study indicated that affordability was a key barrier to uninsured risks. These were just […]
Santam’s ST Insurance Barometer – Risk increase cannot be addressed by merely hiking premiums
Although South Africans believe that insurance provides them with peace at mind, more than half polled in a recent study indicated that affordability was a key barrier to uninsured risks. These were just […]
Ransomware – Beware air waves piracy
According to recent articles, insurance companies around the world are concerned that ransomware-based cyberattacks are on the rise, and that they stand to lose more as hackers step up their efforts to demand […]
Life and Disability Insurance Gap – Widens to R34.7 trillion in 2018
Earners under 40 face an average insurance shortfall of around R1.4 million for life cover and R1.5 million for disability. This means the majority of SA’s earners are likely to be significantly underinsured. These are […]
Short term insurance tips – Why the correct details of the client is important
Your clients cover their valuables under a short-term insurance policy as it gives them the needed financial security against loss or damage. Many claim rejections and Ombud cases have revealed that clients sometimes […]
Insurance and the evolving vehicle market – How will electric vehicles impact on us?
Mercedes-Benz’s first battery powered electric vehicle (EV) will go on sale in South Africa in 2020. This will be the fourth EV to launch in South Africa. Although South Africa has a few […]
Insurance and the evolving vehicle market – How will electric vehicles impact on us?
Mercedes-Benz’s first battery powered electric vehicle (EV) will go on sale in South Africa in 2020. This will be the fourth EV to launch in South Africa. Although South Africa has a few […]
Crime stats and insurance fraud
“Crime likely to affect forthcoming tourist season” “SA is at war with itself” “Crime stats show that situation is ‘quite bad’” These are just some of the media headlines after the release of […]
Crime stats and insurance fraud
“Crime likely to affect forthcoming tourist season” “SA is at war with itself” “Crime stats show that situation is ‘quite bad’” These are just some of the media headlines after the release of […]
