“The acquisition of Absa Life’s insurance business represents a milestone in our strategic roadmap - it aligns with our growth ambitions to expand our reach and cement our presence in Botswana. By integrating Absa Life's expertise and client…
"It’s critical that people have the confidence to say no to scammers by learning to spot red flags and report them. If it sounds too good to be true, it probably is. Real wealth building takes consistency and time,” says Helen du Toit, Head…
Have you ever thought about what your financial future really looks like? Not just your savings or retirement fund, but the full picture? George Kolbe, Head: Life Insurance Marketing and Enablement at Momentum Life Insurance, shares why holistic…
"If you emptied your savings pot in September last year and continued contributing to a retirement fund, you would have started the new tax year on 1 March 2025 with one-third of your monthly retirement fund contributions accumulated over six…
"Behind every investment decision, savings plan, or insurance policy lies a tug-of-war between logic and emotion. That’s where behavioral economics comes in: a field that explains the real reasons people struggle with money," says Sean Hanlon…
"Forward-thinking insurers are moving away from rigid policies. They're offering more dynamic products that you can change as your life changes. For example, BrightRock offers the first ever needs-matched insurance that changes as your life…
"Our latest claims experience also revealed that clients who reached a Gold or Diamond status experienced a 57% lower mortality risk and a 47% lower disability risk, compared to clients who were not part of or did not engage in Vitality. This…
"Despite these sizeable payouts, our industry remains well capitalised and in a strong position to honour long-term contractual promises made to policyholders and their beneficiaries. The fact that this is on the back of a major catastrophe,…
"There is more to funeral cover than simply having a policy. The effectiveness of such insurance – and indeed life insurance cover - needs to be measured by how quickly funds are made available to bereaved families," says Lee Bromfield, CEO…
"This conviction is a testament to the perseverance of our forensic and legal teams, who have worked tirelessly to hold fraudsters accountable. Fraud in healthcare is not a victimless crime—it erodes trust and deprives patients of much-needed…
“Life insurers face a client base that is ageing. Many providers struggle to retain the healthiest lives in the risk pool as traditional insurance models are reactive by design – providing financial security after the fact,” says Riaan van Reenen,…
“Gap cover is by no means new in the market, and many providers target individual consumers. However, group gap cover can mean preferential rates, reduced waiting periods, continuity of cover, and access to value-added services like trauma counselling,…
“While the treatments have remained consistent in terms of being the drivers of gap claims - cancer, circulatory and musculoskeletal conditions - what has changed significantly over the last five years is the treatment costs associated with…
"New-generation life insurers are focusing on creating tailored products to better address specific business needs, such as contingent liability insurance for major debts, buy-and-sell agreements for seamless ownership transitions, and key person…
Insurance Biz is a New Africa Busines News Services (NABNS) publication launched in 2013 to focus on the insurance industry, investments, financial planning, employee benefits etc. It remains a great resource of news for industry professionals, and for those who seek to learn about the financial sector developments.
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