"We believe that in the case of critical illness cover, estimating an average cover per income earner distorts the reality of a highly uneven distribution. In our estimates, more than 85% of earners have no critical illness cover, while a small…
“South Africans are working in new and diverse ways, often juggling multiple income streams. In this evolving world of work, it’s common to find individuals working as freelancers, content creators, and virtual assistants. Research shows that…
“When health costs rise faster than income, the pressure becomes real. And financial education plays a big role in helping people, especially seniors, stay in control of their money,” says Dhashni Naidoo, Consumer Education Programme Manager…
“The impact of the silver economy on insurers will accelerate, leading to a new phase of innovation. We are seeing a generation that is larger, living longer, and arriving at retirement wealthier than we have seen before. With new approaches…
"The Matrimonial Property Act specifies that the accrual should be based on the net estate. If there is a definite tax liability when liquidating or drawing from an asset, it would be fundamentally unfair not to take it into account. There is…
“This is concerning if we consider that these are the same women who form the backbone of South African households. According to our recent Women’s Survey, 48% of South African women are solely responsible for their household’s financial obligations.…
“Pet insurance works similarly to human medical aid, offering different levels of cover based on what you can afford. Insurers typically provide a range of options, from basic accident cover to comprehensive plans that may include preventative…
“Most parents assume that naming their child as a beneficiary guarantees protection of their life assurance benefits. But legally, minors can’t receive policy payouts directly. That’s where things get complicated,” says Johan Strydom, Trust…
"A hybrid public-private model is the most likely outcome due to financing challenges, and significant coverage gaps are inevitable. Quality private healthcare will continue to require additional insurance products to bridge the gaps," says…
"To understand the reality behind this number, we asked our female financial advisers for their on-the-ground perspective. Their feedback, gathered from thousands of consultations each year, confirms that women often serve as the primary caregivers…
"Numbers tell a stark story: where 89 mega gap claims totalling R6.2 million were paid in 2020, this figure rocketed to 549 claims worth R34 million in 2024. Perhaps most concerning is that claims exceeding R60,000 are now daily occurrences,"…
"For discerning executives, life insurance is a strategic tool for robust succession and continuity planning. In many successful organisations, key leaders are the driving force. A sudden absence can have significant repercussions if a strategic…
"What we're seeing is not necessarily a higher incidence of cancer in women, but rather a greater tendency among women to get tested earlier and more frequently than men. This has led to a higher volume of early-stage cancer claims among women,…
"For all clients, but especially for breadwinners, is imperative to lead with income protection that pays up to 100% of their insured income when they’re unable to earn due to injury or illness. This ensures they can still meet their monthly…
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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