"Syndicated scams are even approaching vulnerable employees of insurance companies to coerce them into selling registration documents or vehicles that have been recovered after theft and kept as salvage," says Funeka Ngewu, Executive Head of…
"Insurers will assess a property, whether residential or commercial, based on its surroundings, its condition and its safety features, among other factors, so simply moving to a cheaper area with higher crime, won't ultimately save on money,…
"Drought, flood, hail, and wildfire can cause tremendous damage to both crops and farm infrastructure. Crop insurance is therefore vital in enhancing food security in South Africa," says Kobus Janse van Rensburg, Santam Agri Head of Sales and…
“Having adequate insurance cover that is relevant for your needs is key. This will help alleviate the financial burden of getting back on your feet should an incident occur," says Marius Kemp, Head of Personal Underwriting at leading short-term…
"This type of insurance is designed to protect against specific risks and losses, including vehicle, household and home contents insurance. It also extends to high-value items such as bicycles, smartphones, boats and airplanes," explains the…
"Excess is an amount that policyholders need to pay towards a claim before insurers take care of the remaining balance," says Keletso Mpisane, Head of Blink by MiWay.
“Consumer Education remains critical in creating awareness of how the consumer can interact with the non-life insurance industry at the time of need and promoting access to its products and services,” says Themba Palagangwe, SAIA GM: Governance…
"Solvency is a critical element for the ongoing viability of any FSP, and compliance with the solvency requirements is of utmost importance. This is relevant to the financial customer protection objective of the Authority," explains the Financial…
"With a strong and distinguished heritage, the integration of Liberty into the Standard Bank group is already yielding positive results. We are already seeing great opportunities that give us a competitive edge. For example, Lifestyle Protector…
The Allianz Risk Barometer 2024, based on insights from over 3,000 risk management professionals and business leaders, highlights the growing importance of addressing risks to ensure business continuity and safeguard against potential disruptions.
"We rent up to half a hectare of land from various farmers to conduct our simulations across different regions. At the end of the trials, we collate the data to determine if we should change our assessment procedures as our goal is always to…
“Different life stages require different types of insurance coverage. Whether it's for your car, home, or business, consider what you need to protect and why. If you find it difficult to piece together, there are so many brilliant financial…
“Without insurance to cover the damages, you would be left to shoulder the burden of replacing these assets while continuing to meet your loan obligations. The financial strain of such a scenario could be overwhelming and potentially derail…
“In industry, the most common types of fire pumps seen are centrifugal pumps, which enhance water pressure by the action of a centrifugal force. Water in centrifugal pumps enters the suction inlet of the pump and passes to the centre or eye…
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