Insurance

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29 Oct 2020
Ten vital life insurance insights for the new normal

The COVID-19 pandemic has upended life as we knew it, says Discovery Life Deputy CEO Gareth Friedlander. “As our knowledge…

Ten vital life insurance insights for the new normal

The COVID-19 pandemic has upended life as we knew it, says Discovery Life Deputy CEO Gareth Friedlander. “As our knowledge of the disease caused by the Severe Acute Respiratory Coronavirus 2 (SARS-CoV-2) rapidly evolves, so too does our understanding of the unique risks it presents to your clients,” he adds.…

19 Oct 2020
Construction industry medical scheme keeps growing despite a slow economy

At the 2021 benefit launch of the Building and Construction Industry Medical Aid Fund (BCIMA), Phumelele Makatini, the Chief Executive…

Construction industry medical scheme keeps growing despite a slow economy

At the 2021 benefit launch of the Building and Construction Industry Medical Aid Fund (BCIMA), Phumelele Makatini, the Chief Executive Officer and Principal Officer of the scheme had heartening words and good news to share with members. “In what has been one of the more difficult years in our industry,…

16 Oct 2020
Old Mutual launches new modular personal cover

The evolution of financial advice is centred around targeted solutions where the needs and behaviour of customers take centre stage.…

Old Mutual launches new modular personal cover

The evolution of financial advice is centred around targeted solutions where the needs and behaviour of customers take centre stage. For advisers, this presents the opportunity for new ways of doing business that will enable them to improve operational efficiencies and boost their value offering to customers. This is the…

07 Oct 2020
Call for actuaries to collaborate with government to rid SA of ‘wicked problems’

As the world continues to grapple with the “wicked problems” created by the Covid-19 pandemic,  governments able to efficiently mobilise…

Call for actuaries to collaborate with government to rid SA of ‘wicked problems’

As the world continues to grapple with the “wicked problems” created by the Covid-19 pandemic,  governments able to efficiently mobilise their diverse talent pools appear to be presenting their citizens with better outcomes than those unable to do so, according to Lusani Mulaudzi, President of the Actuarial Society of South…

30 Sep 2020
Insurers need to move beyond risk and protection

By: Cornel Schoeman, Chief Operating Officer of GENRIC Insurance Company Limited Consumers demand more monetised value and digital convenience Until…

Insurers need to move beyond risk and protection

By: Cornel Schoeman, Chief Operating Officer of GENRIC Insurance Company Limited Consumers demand more monetised value and digital convenience Until recently, traditional insurance models have remained remarkably resilient in the onslaught of digital transformation and tech innovation that has disrupted entire industry sectors and upended competitive landscapes.  Enter COVID-19 and…

21 Sep 2020
Women are lagging in retirement savings and are debilitated by stress

In a recent study of their client base, Momentum Corporate revealed that almost half (41%) of the employees on the…

Women are lagging in retirement savings and are debilitated by stress

In a recent study of their client base, Momentum Corporate revealed that almost half (41%) of the employees on the FundsAtWork Umbrella Funds are women. With an almost 50/50 gender split across the client base, a one-size-fits-all approach to advice on employee benefits simply won’t cut it. This is according…

03 Sep 2020
The burning platform for long-term insurance

Steve Piper, Chief Distribution Officer at FMI (a Division of Bidvest Life Ltd) If the COVID-19 pandemic has done anything,…

The burning platform for long-term insurance

Steve Piper, Chief Distribution Officer at FMI (a Division of Bidvest Life Ltd) If the COVID-19 pandemic has done anything, it’s exposed the shortcomings of the long-term insurance industry. Precious few insurers were prepared for a crisis that would result in a local and global lockdown, leaving many policyholders without…

04 Aug 2020
Advice for insurance entrepreneurs

“Being battle hardened is what makes you hungry for success. Growing up in a house where your parents can’t cover…

Advice for insurance entrepreneurs

“Being battle hardened is what makes you hungry for success. Growing up in a house where your parents can’t cover the school fees and the family car has broken down for the umpteenth time, makes you focus on what you really want to change in your life.” says Alex Simeonides,…

30 Jul 2020
Income protection could be the best investment you ever make

According to the recent Stanlib Savings Report 2020, Covid-19 has highlighted how unprepared South Africans are for unforeseen financial shocks…

Income protection could be the best investment you ever make

According to the recent Stanlib Savings Report 2020, Covid-19 has highlighted how unprepared South Africans are for unforeseen financial shocks – and left without a steady income flow, many have had to dip into long-term savings to fund day-to-day expenses. Part of the reason is that South Africans tend to…

28 Jul 2020
Professional indemnity cover for estate agents

Property professionals operate today in an environment of ever-increasing requirements for better transparency, disclosure, accountability and governance.  Professional indemnity cover…

Professional indemnity cover for estate agents

Property professionals operate today in an environment of ever-increasing requirements for better transparency, disclosure, accountability and governance.  Professional indemnity cover in the real-estate world is very similar to medical malpractice cover for doctors. While the sale or rental management of a client’s home may not require the precision of a…

22 Jul 2020
Cardiovascular disease, cancer and accidents remain the leading causes of claims

In 2019, Sanlam paid out over 99% of death claims. The insurer predicts a rise in claims for death, funeral,…

Cardiovascular disease, cancer and accidents remain the leading causes of claims

In 2019, Sanlam paid out over 99% of death claims. The insurer predicts a rise in claims for death, funeral, sickness and income protection in 2020, due to the coronavirus pandemic. Petrie Marx, Product Actuary at Sanlam Individual Life, says that this year is a testament to how easily one’s…

14 Jul 2020
How COVID-19 revolutionised the way we assess life insurance applications

“We’ve seen two years of digital transformation in two months,” said Microsoft CEO Satya Nadella, reflecting on doing business during…

How COVID-19 revolutionised the way we assess life insurance applications

“We’ve seen two years of digital transformation in two months,” said Microsoft CEO Satya Nadella, reflecting on doing business during the COVID-19 lockdown in March and April 2020. His words ring true across industries, including the insurance industry where many of us have very quickly learnt to conduct meetings over…

Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za