Santam names head for new India reinsurance business
The GIFT City operation, together with the Lloyd’s syndicate and Avatar acquisition, is part of the group’s move to broaden its risk base and underwriting capabilities.
Insurance
Trust is an insurance broker’s ‘moat’ in the digital era
Santam’s Fanus Coetzee says the real value of an intermediary is not at sale, but when a client needs clarity, reassurance, and help after a loss.
Naked’s ChatGPT app signals where insurance distribution may be heading
The insurtech says the new app is a step towards a future where AI assistants could help consumers to manage and automate parts of their insurance decisions.
Still short on CPD hours? MBSE suggests ready-made combinations
MBSE’s CPD combinations help advisers and FSPs to complete their annual requirements while focusing on ethics, conduct, communication, and regulatory readiness.
Santam, SAWS partner to expand weather monitoring network
Nine weather stations have been installed across South Africa to improve early warning systems as severe weather events intensify.
Clientèle proposes to delist, citing thin trading and valuation gap
The insurer offers to repurchase shares – while restructuring ownership through an empowerment issue and a management share scheme.
Trip cancellation cover: what it pays, and what it won’t
Understanding the limits of cancellation insurance is key to avoiding unexpected losses on non-refundable travel bookings.
glu declares first member profit share after launch year
The R1.78m payout reflects both underlying performance and a founding-member booster designed to accelerate early value.
Regulators step in as AI adoption exposes new financial risks
As AI-driven incidents increase, insurers face mounting pressure to replace implicit cover with explicit policies tailored to new technological risks.
Investment performance drives PPS member payouts to record levels
The mutual insurer reports R5.56bn in investment returns compared with R1.32bn in operating profit, while higher claims put pressure on underwriting performance.
Claim dismissed after decade-long delay in Discovery Life dispute
A disability claim was paid, then disputed on non-disclosure grounds. Years of stalled litigation meant the court dealt with the case on procedure, not substance.
From accident scene to insurance claim: a guide for motorists
Gathering the right information at the scene and reporting the accident correctly can prevent claim delays.
MPs query FSCA processes in insurance exemption dispute
The Authority says the case highlights the need for a legislative framework that is more conducive to fostering transformation and incubation models.
Insurers must report number of personal lines claims in 2025
The FSCA says the information helps it to monitor the extent to which insurers are delivering fair outcomes for consumers.
Geopolitical conflict | South African insurers urged to reassess exposure
An interconnected conflict environment is driving risks, with local insurers advised to review policy wording, reinsurance arrangements, and portfolio concentrations.
Geopolitical conflict raises questions about war exclusions in insurance policies
Businesses and travellers should review how war exclusions, sanctions clauses, and territorial limits may affect cover, says PSG.
PI policy: High Court rules against broker in Covid-related claim
The judge finds that a policy operating on a claims-made basis responded according to when the claim was made, not when the alleged negligence occurred.
