“South Africans must understand that gap cover does not replace medical aid. Rather, it aims to cover shortfalls where health providers charge above the medical aid rate, or your medical aid option has a sub-limit on a benefit or charges a co-payment…
The Association for Savings and Investment South Africa (ASISA) welcomes Iain Williamson as the new Chairman of the ASISA Board of Directors. Williamson is the CEO of Old Mutual and has been a member of the ASISA Board since January 2020.
"Sanlam recognises that behind every claim is a name, a story and a family. Sanlam remains steadfastly committed to helping move lives forward financially by paying on our promise when it matters the most. We encourage people to start talking…
"Entrepreneurship is part of the fabric of Liberty's DNA, which is why Flame Station operates as an Innovation Impact Centre designed to be a space to 'fuel the flame' of start-up companies and entrepreneurs alike. We want to see business concepts…
"ASISA members have shared heartbreaking examples of how financially vulnerable consumers are frequently tricked into parting with the little money they have left. Most recently, a large asset manager alerted us to a WhatsApp scam using the…
“When taking out a life insurance policy, clients are prompted to nominate beneficiaries of the insurance payout. Policyholders have the flexibility to nominate multiple beneficiaries, with the option to amend these beneficiaries as their life…
"Life insurance and retirement savings are not just expenses; they are vital safeguards for your financial future. Skipping contributions can have severe negative impacts both now and in the long term. If risk cover is cancelled, it could be…
"Consumers are under financial pressure due to a tough economic climate and rising living costs. In addition, we find ourselves in an uncertain investment climate due to the upcoming elections. Throw in poor returns from the local market, and…
"Higher interest rates are a game changer, providing life insurance and pension products a tailwind to much better tackle the retirement savings challenges of ageing demographics. Savings products are attractive again as a direct consequence…
"As brokers and industry leaders, it’s imperative that we step into the shoes of those who don’t possess our specialised knowledge and ensure clear and consistent communication in a language that resonates with our clients. The remedy lies in…
The Liberty Group says it paid out R6.72 billion in valid claims to individual clients, their families, and beneficiaries amounting to R25.85 million every working day; and although this is 3.72% lower than in 2022, these statistics still mirror…
"Digitalisation is driving greater convenience, accessibility, and customisation in insurance products, as insurers leverage online platforms, mobile apps, and data analytics to deliver personalised solutions to policyholders. This trend is…
"By disseminating information about healthcare options and resources, intermediaries empower individuals to make informed decisions about their health and navigate the intricate healthcare system effectively. This educational outreach not only…
“Holly was introduced to address some of the challenges faced by intermediaries in completing applications and meeting underwriting requirements. Holly eliminates the back-and-forth associated with incomplete information in manual applications…
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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