"Our involvement in the B20 and G20 is well aligned with our Group's commitment to financial inclusion, digital transformation and the expansion of insurance markets across Africa. We believe that hosting the events on African soil will bring…
“Cancer claims under the Severe Illness category rose by 30% year-on-year – prostate claims doubled in men and breast cancer claims rose 33% in women. These increases, while concerning, are partly the result of the knock-on effect of the Covid-19…
"Young South Africans carry a deep sense of responsibility, not just for themselves, but for older generations. For many, funeral cover is a way to support family and earn respect. It's become a rite of passage into adulthood - a way of saying,…
“Insights like these point to a need for more comprehensive lifestyle protection cover, as death and unexpected medical diagnoses are not the only risks that can have a significant effect on your family and lifestyle. Unexpected life events,…
"If you wait until 40 to get one, you could be less fit and healthy, and even have a pre-existing condition like high blood pressure or raised cholesterol, which could make it harder or more expensive to get the same protection," says Sean Hanlon,…
"Today’s regulatory and competitive environment emphasises the importance of ongoing client engagement. Brokers must regularly revisit and reassess their clients’ needs to ensure advice remains relevant amidst life changes, such as shifts in…
"But there's another side to good health that's often overlooked: the cost of staying well. When you're young and healthy, it's easy to think of gap cover as something you only need later in life when chronic illness or serious diagnoses start…
“We’re seeing a definite shift in how fraud is being perpetrated. It’s more organised, more deliberate and often coordinated. It’s no longer just individuals inflating a claim. There are syndicates, fake brokers and even inside help in some…
"When you're young and healthy, it's easy to dismiss gap cover as unnecessary. Sports injuries are increasingly likely as younger people are realising the importance of staying active, and stress-related conditions that can result in chronic…
“The acquisition of Absa Life’s insurance business represents a milestone in our strategic roadmap - it aligns with our growth ambitions to expand our reach and cement our presence in Botswana. By integrating Absa Life's expertise and client…
"It’s critical that people have the confidence to say no to scammers by learning to spot red flags and report them. If it sounds too good to be true, it probably is. Real wealth building takes consistency and time,” says Helen du Toit, Head…
Have you ever thought about what your financial future really looks like? Not just your savings or retirement fund, but the full picture? George Kolbe, Head: Life Insurance Marketing and Enablement at Momentum Life Insurance, shares why holistic…
"If you emptied your savings pot in September last year and continued contributing to a retirement fund, you would have started the new tax year on 1 March 2025 with one-third of your monthly retirement fund contributions accumulated over six…
"Behind every investment decision, savings plan, or insurance policy lies a tug-of-war between logic and emotion. That’s where behavioral economics comes in: a field that explains the real reasons people struggle with money," says Sean Hanlon…
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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