"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…
"The role of technology and data are driving forces behind these trends. With technological advancements reshaping health insurance, other trends like shifting demographics, an ageing population, and rising chronic diseases add complexity. Navigating…
"Funerals are more than just ceremonies; they are cultural and personal legacies. Without adequate planning, these costs can quickly become overwhelming. Funeral cover plays a vital role, providing a financial safety net to prevent unexpected…
"The plaintiff, an 80-year-old man, sustained injuries after falling from an unsecured landing at the police station. He claimed that police officers, acting within the scope of their employment, failed to ensure the premises were safe for public…
"The implication of not accessing professional advice is so serious for women because it limits their ability to generate wealth and secure the financial future of their families. Women aspire to financial independence, but barriers remain.…
"We typically include checks for blood pressure, cholesterol, diabetes, and BMI, aiming to promote proactive health management that can assist in the early detection and prevention of life-threatening conditions," says Marees Bostander, Head…
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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