Insuring the Uninsured: Tackling affordability, accessibility and complexity challenges
“’Insurance in a Box’ is an innovative insurance solution that addresses many of the challenges of why…
"Business Email Compromise is a sophisticated form of cybercrime that targets organisations by infiltrating their email systems to initiate unauthorised transactions. A common tactic involves altering banking details on legitimate invoices," says Mukondeleli Masiza, Complex Claims Handler: Liability,…
“’Insurance in a Box’ is an innovative insurance solution that addresses many of the challenges of why…
“The insurance industry is consistently tracking emerging risks. We recently noticed a trend where fraudsters…
"These increasing loss trends are influencing insurers' perspectives on issues such as capacity deployment,…
"Arriving at an agreement on a global Insurance Capital Standard as a prescribed capital requirement…
As the year moves into its twilight months, 2025 begins to loom over us, and the insurance industry is no exception. Driven by evolving customer needs, technological advances, and regulatory shifts, the upcoming year is set for some shaking up.
Assupol understands that the introduction of the two-pot system can be overwhelming and that is why they…
"Business Interruption cover should be integrated into a holistic approach to protect the business, recognising…
"We invest heavily in culture, talent development and creating an effective workforce. Our culture is a key differentiator that helps us attract and retain talent. I would describe it as inclusive, diverse, safe, caring, supportive, fun and client centric. We want our staff to feel inspired, appreciated…
"A good leader should set a vision for people, so that the employees feel part of something bigger than…
"I first joined Standard Bank in 1995 and have since then held several executive positions including…
A career in insurance is probably the best-kept secret. I started my career in 1998 in a postroom in…
"I feel very fortunate to have had the opportunity to work in a diverse range of roles over the last…
"The most successful financial services businesses in the current, volatile landscape will consistently show up as quality advisory partners to help make decisions and then offer rewards for making good decisions and taking care of things that were not always seen as a high priority, like prioritising…
"I am deeply honoured to receive the SARA President's Award. This moment is not just a personal achievement,…
“Getting ahead of the possibility of the disease is always the best option. And I would advise regular…
"Some people leave these details out to dodge temporary exclusions on their policy. When they later claim…
"Chauke brings a unique blend of strategic leadership, financial acumen, and a creative approach to our…
"One of the standout benefits of AMETFs is accessibility. As exchange-traded products, they can be bought and sold as easily as any other listed security. This ease of access contrasts sharply with traditional unit trusts, which require investors to go through management company platforms or intermediaries…
"Creating lasting wealth to pass down for generations to come can seem an overwhelming task. But taking…
“Along with our partners, we are very excited to be launching our 19th EM private credit fund. The strategy…
"While South Africa’s retail sector has struggled recently, new data from Capital Connect and the Bureau…
"What's particularly noteworthy is that if we compare two hypothetical portfolios—one invested in the…
"Enhancing the overall resilience of the Group has been a key priority for the management team. With the decisive actions in the third quarter, which follow a comprehensive review, we have reached our goal of positioning overall property and casualty reserves at the higher end of the best-estimate range,"…
“We are pleased to announce today the completion of the 2024 L&H assumptions review, with an outcome…
"Investments in climate adaptation, such as flood preparedness, not only promote economic stability and…
“By reflecting on the past year, you can identify what worked well and where there’s room to improve. This process encourages a more thoughtful approach to managing your finances, enabling you to align your spending, saving, and investing habits with your long-term objectives,” says Sarah Nicholson,…
"Health costs can quickly become burdensome, particularly when unexpected, but with financial preparation,…
"Taking the time to maintain your home, update your policy, and enhance security isn't just about reducing…
"The commercial potential of AI has caused a fierce contest for AI dominance, surpassing that of the first moon landing. Microsoft, Google, Meta and Hauwei are all fighting a relentless battle to become the market leader," says Karabo Tema, Associate for Telecoms, Media & Technology at Standard Bank.
"AfricaNenda and its partners are calling for a collective push to expand IPS and deliver solutions that…
"PayShap Request represents a new era of efficiency and inclusivity in the financial services industry.…
"Our nine-month results confirm the continued strong momentum across all of Zurich’s businesses. In P&C, margins in Commercial Insurance continue to be favorable, and performance in Retail is improving. We are on track to exceed all current targets and look forward to presenting the new plan for the…
"As I move forward as CEO, I intend to place a firm focus on developing and driving our growth strategy,…
"The insurance industry is one such industry where we have seen organisations rapidly adapt to meet changing…
“The majority of leaders are aware of the advantages that AI can bring, especially when it comes to managing…
“As Santam, we remain confident in the Group’s prospects and the potential to deliver enhanced growth…
"Several factors have caused the global energy landscape to shift dramatically in recent years—with the post-pandemic recovery, geopolitical tensions and climate challenges being among them—and these have made Africa's energy poverty more poignant," says Pedro Omontuemhen, PwC Africa Oil and Gas Leader.
"The sentiment in global financial markets has been notably more favourable towards South Africa since…
"A significant driver behind this increase is the rise in energy use, driven by factors such as the energy…
"As at 30 June 2024, the FSCA has said it had approved a further 63 licence applications, bringing the number of licensed CASPs in South Africa to 138. The total number of applications received to date is 383, of which five have been declined," announced the Financial Services Conduct Authority (FSCA).
"While aggregate systemic risk scores increased slightly at year-end 2023, the interim GME analysis found…
“Comments received in response to the 2023 public consultation helped enhance the ICS design, which is now almost…
"South Africa's legislative landscape is marked by conflicts and inconsistencies that can hinder effective governance and the successful implementation of public-private partnerships. Addressing these issues requires a concerted effort to harmonise legislation, improve clarity in regulatory frameworks,…
"Regular check-ins after a withdrawal are essential. These conversations allow us to continuously update…
"Living longer should be celebrated, but it also requires us to approach retirement planning differently.…
"Treasury highlights elevated fiscal risks, including potentially lower revenue growth from economic slowdowns, high public-sector wage demands, elevated borrowing costs, and slower-than-expected reductions in global interest rates. Public sector deficits, especially in state-owned enterprises, may also…
"As a leader, he offered a sharp mind, a deep understanding of economics, and a keen sense of duty. His…
“I am very fortunate to have been mentored. Growing up, I didn’t know what the financial services industry…
"In gas markets, Iran is a significant producer, but it is not major exporter of gas. Unlike the oil market, there is little or no spare capacity in global gas markets right now. The big players in the region are Qatar and the UAE whose combined exports comprise around 20% of global liquified natural…
"In gas markets, Iran is a significant producer, but it is not major exporter of gas. Unlike the oil…
"The escalation of the Middle East conflict, now involving fighting against Hezbollah in Southern Lebanon,…
"The escalation of the Middle East conflict, now involving fighting against Hezbollah in Southern Lebanon,…
"Interest rate risk and high breakeven levels combined with concerns that crop and livestock prices could…
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.
Subscribe to our weekly newsletter to get the latest insurance and economic news in SA.
Insurance Biz proudly displays the "FAIR" stamp of the Press Council of South Africa, indicating our commitment to adhere to the Code of Ethics for Print and online media which prescribes that our reportage is truthful, accurate and fair. Should you wish to lodge a complaint about our news coverage, please lodge a complaint on the Press Council's website, www.presscouncil.org.za or email the complaint to enquiries@ombudsman.org.za. Contact the Press Council on 011 4843612.
© Insurance Biz 2008-2024
