“The reality for many South Africans is that the idea of life cover remains entangled with reluctance and is often perceived as a grudge purchase despite the undeniable financial benefits that come with a comprehensive policy,” says Vhutshilo…
"Total gap insurance claims paid between January and November 2023 by Sirago amounted to over R106 million that policyholders would have to foot from their own pockets had they not had gap insurance in place,” explains Martin Rimmer, CEO of…
"Long-term insurance, encompassing life, disability, and income protection policies, forms the backbone of financial security, and regularly reviewing these policies is paramount, given life's dynamic nature," says Velmah Nzembela, Chief Marketing…
"Life cover isn’t merely for long-term financial security; it's a means of leaving a legacy behind upon which your family can build a better future, and also ensures that your loved ones aren't burdened with financial strain, preserving the…
"We have carefully listened to the needs of the market and are responding in a way that positions us to serve both today's clients and those of the future. Our vision for Sanlam Fintech is to be the best, most cost-effective means of offering…
The fact that insurance fraud isn't a victimless crime has been highlighted by the startling case of a 49-year-old woman in Mmabatho who was arrested a few weeks ago for the murder of family members, including her husband and three children,…
"There is also a prevailing misconception that acknowledging mental health challenges equates to weakness or incompetence perpetuates the stigma,” says Dr. Marion Borcherds, Senior Manager and Head of Wellbeing at AfroCentric, a subsidiary company…
“Workforce resilience matters because businesses that put their people first are more likely to thrive. By creating a workplace environment that provides security, motivation and belonging, employees and colleagues are better able to weather…
"Diversity is a cornerstone of society, it becomes even more pertinent for companies to adopt a human-first approach, addressing the holistic needs of individuals. An example of this approach is evident in our commitment to thinking human first,…
“This partnership with African Unity Life is not just a business strategy; it is a leap into a future where we see our company not only recovering from the loss of 3ixty Life but also thriving. Our combined efforts will focus on selling both…
It is estimated that about R3.6 trillion worth of policies covering life, severe illness, or income protection, lapsed in the first six months of 2023 as a result of the current economic hardships. In the article below, Reuben Oosthuysen, Customer…
"Medical scheme membership is sometimes deemed a grudge purchase, therefore it is imperative to understand the scheme you are on, the benefits you are entitled to, so you can get the most out it," says Gary Feldman, Executive Head of Healthcare…
"Considering factors such as the high rate of medical inflation, the issue of fiscal feasibility, long-term affordability and the complexities involved in administering a public healthcare system, what has been included in the NHI Bill will…
"Under the merger agreement, both the 1Life and Clientèle brands will continue to operate much the same as they have until now. We are not just merging two businesses; we are bringing together decades of industry expertise, trusted services,…
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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