“Most people take out a policy and hope for the best but taking the time to understand how excesses and add-ons work and how to adjust them, can have a significant impact on how you are covered day-to-day,” says Sherry Sibeko, Executive Head…
"As fans experience an unforgettable sporting spectacle across the USA, Canada and Mexico, it is worth remembering that overseas travel, while exciting, can increase exposure to risk. But most of that risk can be managed with the right approach,"…
"Not all liability risks are automatically included in a standard policy, and that's where many businesses are caught off guard. Different types of liability require distinct forms of cover, each addressing a specific exposure," says Rishai…
"What matters is starting as early as possible and staying committed and consistent over time. Delaying financial action comes at a cost – not just in money, but the loss of growth, of compounded investment returns and time itself – none of…
"To ensure the sustainability of the SME sector in the country, it's crucial that we provide solutions that make them resilient in the event of any unexpected business shocks, sustaining the businesses and the people in them," says Daniel Boi…
“While opening up new opportunities, these modern-day young professionals are building their livelihoods in environments marked by heightened uncertainty and volatility,” says Leruo Malumo, Head of Product Strategy Development and Governance…
"The market found itself in a position where many organisations had to make difficult decisions around affordability and risk appetite. In many cases, businesses opted to retain only Sasria cover and remove standalone PTS cover from their insurance…
"Without better data systems, shared standards and the analytical capacity to translate information into insight, insurers cannot price risk accurately, reach the underserved or expand their business model," says Jean Baptiste Ntukamazina, Secretary…
"Each state entity pointed the finger at someone else. Mogale City argued that managing floods was not within its competence and that Featherbrooke should look to the minister under the National Water Act. The City of Johannesburg and Johannesburg…
"Notwithstanding the very real, human impact, businesses face a grueling cleanup and rebuilding phase. The tragedy has offered key lessons on how traditional commercial and agricultural insurance needs to be approached to at least have commercial…
"This judgement illustrates the principle that the mechanics of policy cancellation must be followed to the letter. Where an insurer's own records demonstrate knowledge of the correct mailing address, a cancellation notice sent to an incomplete…
“The proposed investment is in line with the Bank’s Ten-Year Strategy (2024–2033), as it encourages private-sector solutions and increases financing for Africa. It is also fully in line with the policy on non-sovereign operations, which aims…
"South Africa continues to see a steady pipeline of new businesses entering the market, but many operate in a high-risk environment without sufficient protection. In many cases, failure is not due to a lack of ambition or opportunity, but rather…
"Misinformation, overconfidence, and misconceptions continue to leave many young consumers exposed to unnecessary risk. Debunking these insurance myths early empowers young adults to leverage insurance as a practical asset to build long-term…
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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