Insurance

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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…

09 Jul 2020
Updating your beneficiaries is ever-more important in uncertain times

Independent financial services provider, Fedgroup, has seen an increase in the number of people taking the time to understand and…

Updating your beneficiaries is ever-more important in uncertain times

Independent financial services provider, Fedgroup, has seen an increase in the number of people taking the time to understand and update their policies and beneficiaries since the start of lockdown. But for those who haven’t done so yet, keeping your beneficiaries updated is one of the most important things you…

24 Jun 2020
Coping with anxiety in a COVID-19 world

We’re so focused on the tug of war between our economic and physical health that our mental health has fallen…

Coping with anxiety in a COVID-19 world

We’re so focused on the tug of war between our economic and physical health that our mental health has fallen by the wayside. CEO of medical scheme Profmed, Craig Comrie says there has been a noticeable drop in psychiatric claims despite telemedicine facilities being made available and covered by most…

04 Jun 2020
Insurance and Risk in a Post-COVID-19 economy

By: Carl Moodley, Chief Underwriting & Claims Officer; Stuart Forbes, Chief Risk and Compliance Officer and Eugene Olivier, Chief Information…

Insurance and Risk in a Post-COVID-19 economy

By: Carl Moodley, Chief Underwriting & Claims Officer; Stuart Forbes, Chief Risk and Compliance Officer and Eugene Olivier, Chief Information Officer of GENRIC insurance Company     Nothing will be the same in the world post-COVID 19.  As our economy slowly starts to reopen following a crippling lockdown, the realisation that consumer…

27 May 2020
When and how to review your insurance products

With South Africans facing the reality of more costly living expenses, we often look for measures to lower our monthly…

When and how to review your insurance products

With South Africans facing the reality of more costly living expenses, we often look for measures to lower our monthly expenses, with insurance options habitually being the first to be reviewed. It is, however, important not to cut insurance from your budgets completely, but instead review the assets listed under…

25 May 2020
COVID-19 and event cancellation – the insurance implications

From music concerts to sporting events and conferences, all organisations are facing the cancellation or postponement of events for the…

COVID-19 and event cancellation – the insurance implications

From music concerts to sporting events and conferences, all organisations are facing the cancellation or postponement of events for the foreseeable future as a result of the Covid-19 pandemic and hard lockdowns in place across the globe. Even once the lockdown is uplifted, events will not be business as usual…

13 May 2020
Making sure lifestyle diseases are under control during COVID-19

As the number of Covid-19 infections moves over 10 000, the health minister, Dr Zweli Mkhize, has expressed concern about…

Making sure lifestyle diseases are under control during COVID-19

As the number of Covid-19 infections moves over 10 000, the health minister, Dr Zweli Mkhize, has expressed concern about the huge risk group of South Africans suffering from high blood pressure, diabetes and obesity. In other words Comorbidities. The words ‘comorbidity’ and ‘comorbid conditions,’ are common medical terms. Comorbidity refers to one…

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