As the number of serious falls reported worldwide surges and already accounts for an estimated 684,000 deaths annually, insurers search for health and wellness solutions that can benefit aging policyholders.
It’ll take time to fully appreciate what Covid-19 did – and did not – impact directly. For example, deaths resulting from cancer and heart conditions increased somewhat between 2020 and 2021, says Petrie Marx, product actuary at Sanlam Individual…
When you take out a funeral policy, remember to determine how much cover you need and how much cover you already have through other policies, and also make sure that you understand the benefits on offer, as well as any inclusions and exclusions,…
The volume and wide variety of claims as well as value returned to clients for healthy behaviour reveals an all-round positive impact on the lives of clients, says Riaan van Reenen CEO of Discovery Life.
"Through LifeCheq, holistic, personalised financial advice can be made accessible to previously underserved South Africans. LifeCheq is empowering people to take charge of their finances – improving their financial well-being and inclusion in…
Megan Govender, convenor of the ASISA Forensics Standing Committee, attributes the surge in exposed fraudulent and dishonest claims to the deployment of sophisticated detection mechanisms by the long-term insurance industry to stop fraud and…
Significant shifts are still occurring, the latest being the invasion by Russia of Ukraine and flooding in KZN, impacting not only the economy but environmental and social conditions, says Alsue du Preez, PwC Africa Insurance Leader.
We are delighted to have Allianz as partners and believe their expertise and financial strength will add tremendous value to our businesses, says Sanlam Group CEO Paul Hanratty.
Steve Piper, Chief Distribution Officer at life insurer Bidvest Life says technology has the potential to bring significant innovation to the insurance industry.
As Bidvest Life, with the backing of our shareholder, we are building a brand in the market that makes our life insurance solutions accessible to all South Africans; and we will continue to provide cover that is easy to understand and talks…
Sanlam Group Chief Executive Officer, Mr Paul Hanratty, said: “Amid a challenging environment, Sanlam delivered good results. We managed to gain market share in virtually every product line and segment, in every part of our business."
“Life insurance is sold, not bought” has been the conventional wisdom for decades, but extraordinary events such as a pandemic can overturn the old belief.
Life insurer FMI has announced that unvaccinated new customers will, in certain categories, now be subject to higher premiums for cover. FMI’s Chief Product Actuary, Leza Wells, said data showed a clear higher mortality risk for unvaccinated…
"We listened and acknowledged the voice of the employee (VoE) in shaping our Human Capital (HC) agenda. Recent studies like those conducted by Boston Consulting Group (BCG) confirmed that the pandemic has permanently reshaped "how we work",”…
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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