
Top achievers praise HCert in short-term insurance for practical skills
How MBSE graduates like Lydia Roode and Michael Bond leveraged the Higher Certificate in Short-term Insurance to excel in real-world scenarios.
How MBSE graduates like Lydia Roode and Michael Bond leveraged the Higher Certificate in Short-term Insurance to excel in real-world scenarios.
Changes such as joint ventures, investing in infrastructure, and switching to higher-value crops can introduce risks that may not be covered.
Luvuyo Burial and Consulting did not pay the claims in full even after the Ombud’s Office intervened.
The beneficiaries waited months to be paid their funeral policy benefits, but they received only partial pay-outs despite undertakings to the contrary.
Exceptional underwriting in Old Mutual Insure and a 37% jump in Investments drive overall strength, but Corporate’s life insurance sales slumped 42%.
The policyholder inflated her earnings and failed to disclose a simultaneous application with another insurer, materially affecting the risk assessment.
Nearly all business units report strong growth in new business volumes.
Lebohang Funeral Home left policyholders exposed by failing to secure underwriting, misleading clients about their coverage, and refusing to pay a valid funeral claim.
The complexities of prescription periods and cross-jurisdictional disputes can lead to significant insurance reserving and cost implications.
Top achievers in the Higher Certificate in Short-Term Insurance (HCSTI) qualification exams, credit the qualification with deepening their industry knowledge and advancing their careers.
Business owners who neglect to inform their insurers of changes risk denied claims, policy voidance, and even lawsuits.
Applicants must fully disclose all relevant information during underwriting, even if it was divulged in past applications.
Non-life insurers bounced back from a loss of R16.7bn in 2022 to a profit of R13.7bn in 2023, while life insurers posted significant profit growth, says KPMG.
The group attributed the turnaround in motor insurance to managing claims inflation and improving risk selection, resulting in a significant reduction in claims frequency.
Santam will ramp up efforts to tackle increased weather- and fire-related risks by implementing measures such as adjusting premiums and setting stricter risk limits.
The 2024 edition of the annual EY (Ernst & Young) Global Insurance Outlook details the risks, rewards, and a roadmap for the responsible deployment of GenAI in the industry.
As car insurance underwriting becomes increasingly intricate, brokers play a crucial role in informing clients of the distinctions between private and business usage.
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