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Non-life Insurance

 

Non-life Insurance / 08-12-23 / Sisanda Ndlovu

Shifts in trends impacting the high-net-worth individuals market in 2024

“We are seeing that the sluggish economy is leading to frugality, meaning that while high net worth individuals have the means, they are choosing to acquire fewer, but higher quality possessions. This presents an opportunity to provide specialist,…

Non-life Insurance / 08-12-23 / Tava Madzinga

Tava Madzinga | South Africa’s shifting risk landscape

"Rioting and looting caused an estimated R50bn in economic losses in July 2021, with the April 2022 KwaZulu-Natal flood losses estimated at R54bn. Half that total was carried by the insurance industry, while climate change-related extreme weather…

Non-life Insurance / 08-12-23 / Shelly Nxumalo

Fire season in South Africa – stay safe

"To prevent the loss of lives and property, everyone needs to be aware of the danger of fire during this season – and throughout the year. They are mostly caused by electrical faults or carelessness. Cigarettes, matches and lighters, candles,…

Non-life Insurance / 08-12-23 / Sisanda Ndlovu

Festive season loading: here's what you need to know about travel insurance

"It's important to take note of exclusions such as cover for pre-existing conditions, as well as various cover and age limits. Also, make sure you are covered against potential injuries arising from any high-risk activities you may have planned…

Non-life Insurance / 08-12-23 / Tau kaVodloza

MoData offers Anti-Money Laundering solutions to help thwart criminals

“Money laundering allows criminals to hide the origins of money that is illegally obtained through drug trafficking, terrorism financing, human trafficking, ID fraud, money mules and corruption," says says global fraud expert and thought leader…

Non-life Insurance / 08-12-23 / Tommy Jackson

IAIS GIMAR 2023 highlights key risks and trends facing the global insurance sector

“GME data indicates that global insurance sector capital adequacy remains sound but has slightly declined at year-end 2022, primarily due to financial market developments such as lower asset valuations,” said Shigeru Ariizumi, IAIS Executive…

Non-life Insurance / 08-12-23 / Tommy Jackson

Planning your holiday outside of SA? Ensure your insurance is in order

“The things you take with you when you leave your property, which some insurers call ‘all risk items’, are covered for accidental damage, theft and loss anywhere in the world as long as you have portable possessions cover. The moment these items…

Non-life Insurance / 08-12-23 / Duty Editor

Beware quick-fix generic parts before heading off on holiday

“We hear stories all the time about people’s cars breaking down after alternative parts are fitted. What needs to be remembered is that original parts are specifically designed for a particular vehicle and go through stringent quality control…

Non-life Insurance / 07-12-23 / Tau kaVodloza

Protect your property ahead of the holiday season - SAIA

“It is unfortunate that this time of the year tends to expose homeowners to opportunistic break-ins and in some instances delays on the reporting of incidents to the police and/or insurers”, say SAIA GM: Governance and Transformation, Mr. Themba…

Non-life Insurance / 01-12-23 / Soul Abraham

Soul Abraham | How the insurance industry can respond to climate risk

"Events like the 2022 KwaZulu Natal floods – the single biggest CAT event in history – and more recently, at devastating flood events in the Western Cape, as well as earthquakes in Johannesburg – all contribute to the worsening outlook,"says…

Non-life Insurance / 01-12-23 / Tau kaVodloza

Discovery Insure’s new Drive Trends data show fuel price increases costs us more than we think

"Discovery Insure is helping clients beat the increasing cost of fuel by rewarding them with up to 50% of their fuel spend back for driving well. So, when the price of fuel goes up clients can earn more in fuel rewards every month," says Robert…

Non-life Insurance / 01-12-23 / Jerry Chetty

Jerry Chetty | The real cost of financial crime

“Large-scale financial prosperity for example, is connected to increased motor vehicle purchases, increased activity in construction, agriculture, and banking. The backbone of these industries is effective risk management, which is where insurance…

Non-life Insurance / 01-12-23 / Chris Smit

Navigating climate challenges: the strategic role of brokers in risk management

“It is our belief that the risk management landscape will undergo a profound transformation, with brokers assuming a central role in safeguarding businesses beyond merely securing appropriate insurance products but in proactively identifying…

Non-life Insurance / 01-12-23 / Tommy Jackson

Be alert: Over 70% of hijackings happen in home driveways

"Of all the methods carjackers use, the most common place of attack is still right outside the motorist’s home – in the driveway," says Youlon Naidoo, Executive Head: Claims and Procurement at MiWay Insurance.

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