"IFRS 17 represents more than just an accounting shift; it’s a strategic transformation. While much of the attention has focused on large insurers, brokers, UMAs, and smaller players must also take note. The ripple effects are real, and no one…
“Retroactive cover ensures that professionals remain protected for work done before the start of their current policy, while claims-made policies dictate that coverage applies only if both the claim and the incident occur within an active policy…
"In 2021, Discovery Insure launched Discovery Pothole Patrol to support the JRA and CoJ in their vital work of repairing potholes and making roads safer for all users. Avis joined the project in 2023, bringing significant support and awareness.…
“Many of our clients ask us how much liability cover is adequate. Our answer is always to consider the number and kind of activities that you offer, which could increase the risk of injury. Also, who are your clientele?" says Paula Harvey, Business…
“Each of these sub-brands has carved out a distinct space in the market. They are known for their technical expertise, deep client insight and specialist focus. Their success, however, was not achieved alone. It was built on a strong partnership…
''Recent reports have shown increases in fire-related incidents and insurance claims. This underscores the urgent need for South African households, communities, and businesses to unite and collaborate to prevent winter fire incidents," says…
"The degradation of natural resources is undeniable. The United Nations 2030 Agenda is an inspiring and unifying message to build strong resilience around a transformative project that will further strengthen ecosystem interdependence for a…
"South African consumers are returning to the vehicle market with a clear focus on value and flexibility. We're seeing a continued shift away from traditional premium segments in favour of more accessible alternatives that meet evolving needs…
"Now is the time to conduct a thorough cyber risk assessment, review the limitations of existing cover, and ensure your business has dedicated cyber insurance in place. The cost of protection is minimal compared to the cost of recovery.," says…
"Despite the staggering statistics we saw in 2021, unfortunately not much has changed between then and now. Too many SMEs do not have insurance or are underinsured – according to FinScope MSME Survey South Africa 2024, only 18% of SMMEs have…
"Homeowners' policies may differ in how they define your buildings. Some may include battery systems, while others may require that these be specified as fixed machinery. That's why it's important to understand exactly what your policy includes…
“Cybercriminals constantly develop new ways to exploit online banking users and fraudulent funds transfer activities are on the rise, making it crucial for individuals to safeguard their personal bank accounts from potential threats,” says Ann…
"I am pleased to announce the appointments to my Executive Team. We will work at pace to deliver on the market's short-term priorities. We will also work closely with Council to develop a long-term vision for the Corporation, that will strengthen…
"Driving carefully and lawfully is not only a way to protect your life, your vehicle and the lives of others. It's also a way to ensure that in the event of claim, you have the cover you need to repair or replace your car without any delays,…
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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