Dr Andrew Dickson | What SA's insurers get wrong about surge protection
"Insurers are increasingly requiring surge protection devices (SPDs) for property owners. However, do…
“A weaker rand means that all these items cost more – which in turn means that their replacement values increase. Insurance companies are likely to experience higher claim values as the rand depreciates and may in time have to increase insurance premiums to cover these,” says Ryno de Kock, Head of Distribution…
"Insurers are increasingly requiring surge protection devices (SPDs) for property owners. However, do…
"In the insurance sector, trust and reliability are paramount. This accreditation not only strengthens…
“Adversarial attacks are deliberate manipulations of input data, designed to fool machine learning models…
"In summary, the joinder of a third party in legal proceedings is a complex but essential process that…
“This year, we wanted to create more space for focused, meaningful dialogue. The introduction of breakaway sessions allows delegates to tailor their learning journey while still coming together for the big plenary moments that connect us as an industry,” says Ms. Thokozile Mahlangu, CEO of conference…
"Before embarking on a trip, it is essential to ensure that the home is secured. Alarm systems should…
As the year moves into its twilight months, 2025 begins to loom over us, and the insurance industry is…
"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…
"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 changes," says Sean Hanlon, Executive Director at BrightRock.
"Our latest claims experience also revealed that clients who reached a Gold or Diamond status experienced…
"Despite these sizeable payouts, our industry remains well capitalised and in a strong position to honour…
“Life insurers face a client base that is ageing. Many providers struggle to retain the healthiest lives…
“Gap cover is by no means new in the market, and many providers target individual consumers. However,…
"90% of investment success comes from starting early, saving enough and letting the markets work. For most people, at least 25% of their investment portfolios come from money they started investing between the ages of 25 and 30," says Albert Botha, Ashburton's Head of Fixed Income.
"On 'Liberation Day' President Trump said he would use trade deficits to determine what reciprocal tariffs…
"The combination of renewed stimulus, stabilising property markets, and a tech-sector rebound had markets…
"The fluid nature of the situation calls for caution before taking immediate action, but we acknowledge…
"Since 2005, South Africa has had its own regulatory trigger that could have impacted ETF growth. ETFs…
With a majority of 98.7% of the votes cast, Swiss Re shareholders have approved the proposal of the Board of Directors to pay out an ordinary dividend of US$7.35 per share for the 2024 financial year, reflecting Swiss Re's strong capital position.
"In 2024, Swiss Re strengthened the foundations of its business while focusing on disciplined underwriting…
"We can look back on a very successful 2024 financial year, in which we grew steadily and generated a…
"Getting the right advice is key and managing your financial journey with the right guidance will make all the difference. A financial adviser is a qualified professional who will provide advice based on your goals and objectives," says Robyn Laubscher, Advice and Product Specialist, PSG Wealth.
"In today's digital age, Gen Z and Alpha learn about money very differently. But the FSCA investigation…
"Recent legal updates, effective from 1 September 2024, have aligned the definition of pension interest…
"With around R72 billion in throughput across more than 90,000 merchants, Kazang is building a holistic ecosystem tailored to the needs of township merchants. It's our goal to make it easy, affordable and rewarding for merchants to transact with and add value for their customers," says Jonathan Thomson,…
"FNB is passionate about supporting our business customers' ambitions and SMEs remain significant contributors…
"Our latest comprehensive report identifies shifts in financial behaviour for practical insights into…
“Our participation is more than a sponsorship. It is a strategic opportunity to showcase the strength and capabilities of Africa’s leaders. It is also an opportunity to leverage this historic moment and reaffirm Sanlam’s purpose, which is to empower generations to be financially confident, secure and…
"This excellent set of results was achieved because every business in the Group’s diversified portfolio…
“Since the primary listing of Old Mutual on the JSE in 2018, the Group has returned a staggering R89…
"The current strong in-period performance across the Group, shows that we are well-positioned for a phase…
"We have had an important impact on the lives of thousands of South Africans by offering a vital safety…
“We weighed up the policy trade-offs involved, including increases to corporate and personal income taxes. Increasing corporate or personal income tax rates would generate less revenue, while potentially harming investment, job creation and economic growth,” Minister of Finance Enoch Godongwana said…
“In 2024, the economy grew by only 0.6%. Over the medium term, GDP growth is projected to average 1.8%.…
"This update has added downward pressure to our forecast for 2025 inflation, as high-inflation items…
Mtho Maphumulo, Partner in the Insurance and Financial Sector Practice, Adams & Adams shares his insights on the complexities and challenges faced by a policyholder when their insurance claim was repudiated, and also dismissed by the courts. a complex a policyholder's battle against an insurer over…
The Financial Sector Conduct Authority (FSCA) stated that it had also debarred Mr Peterson for a period…
"As at 30 June 2024, the FSCA has said it had approved a further 63 licence applications, bringing the…
“Cybercriminals are aware of the high value of this data, from retirement savings to sensitive medical information, and are constantly evolving their tactics to exploit any vulnerabilities they can find," says Ashley Singh, Chief Information Officer at Sanlam Health and Employee Benefits.
"Being organised, gathering the necessary documentation, and keeping records of correspondence are key…
“When employees face rising living costs and reduced disposable income, the pressure quickly mounts,…
It’s an economic reality in South Africa that many people have to look after both their parents and their children, writes Paul Menge, Actuarial Team Lead at Momentum Savings, in the wake of Family Day.
Below is a "ten question" Q&A with Oscar Molaba, the Managing Director of Batanidza Technologies, a Software…
Municipal infrastructure in South Africa is under significant strain, as the country continues to face…
"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.
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