
Insurance sector scales up mentorship programme to tackle skills gaps
The third phase of the Retiree Repurposing Programme expands efforts to address technical skills shortages through structured mentorship and knowledge transfer.

The third phase of the Retiree Repurposing Programme expands efforts to address technical skills shortages through structured mentorship and knowledge transfer.

With only 16% of South Africans financially healthy, insurers are being pushed to prove that products deliver real value when customers need them most.

An interconnected conflict environment is driving risks, with local insurers advised to review policy wording, reinsurance arrangements, and portfolio concentrations.

A breakdown of the results shows how the group’s main business clusters performed as it continues repositioning for growth across South Africa, Africa, and India.

Sanlam reported record new business volumes and strong client inflows in 2025, but several weaker headline indicators drew investor attention following the results release.

Currency movements, bond market distortions, reinsurance losses, and strategic investment spending combined to weigh on Sanlam’s reported results.

Businesses and travellers should review how war exclusions, sanctions clauses, and territorial limits may affect cover, says PSG.

Lower weather-related claims and disciplined pricing helped lift underwriting profitability in 2025, pushing margins above the insurer’s long-term target range.

Discovery Bank reports a 28% growth in clients, with nearly 70% of new customers coming from outside the group’s existing membership.

With applications closing on 15 June, MBSE’s FETC NQF 4 programmes offer a final chance to secure recognised FAIS credits before more restrictive replacements take effect.

Interconnected hazards are altering claims patterns and capital pressures for insurers – shifting priorities for brokers and corporate risk teams, says PSG Insure.

ASISA’s research shows formally employed South Africans face a major liquidity risk: R4 trillion in earnings versus only R1.1 trillion in critical illness cover.

CEO Jeanette Marais says Momentum will ‘invest aggressively in advice’ in its effort to strengthen VNB and long-term competitiveness.

A survey shows that only 8% of consumers lodged complaints with financial institutions between 2021 and 2023. Does this figure reflect genuine satisfaction or signal barriers in the complaint process?

Sales of recurring-premium savings policies continued to improve, while lapses of risk policies declined.

Insurers must absorb additional compliance expenses and rework their pricing strategies, with no corresponding revenue gain.

Following 32 years with Old Mutual and nearly five as CEO, Iain Williamson is stepping down in August.