B2B Central

Insurance

10 Nov 2016

Nino Meets Nina: Keep Your Possessions Safe From the Downpour

By Janice Roberts

Johannesburg came to a standstill yesterday during a flash flood that swept cars away in Gilloolys interchange and wreaked havoc across Gauteng, highlighting just how very vulnerable we are to the changing weather patterns.
10 Nov 2016

Unpredictable weather increasing financial risks for farmers

By Janice Roberts

The volatility of weather conditions, from drought to flooding and hailstorms in South Africa is taking its toll on farmers financially, and creating some concern for the sustainability of the sector. The impact on farmers’ finances is forcing them to try to cut costs which could leave them exposed to more risk, according to Philip...
07 Nov 2016

Sasria cover essential on underlying assets insurance policy

By Janice Roberts

Aon South Africa is advising business owners and individuals to review their asset insurance policies and ensure that they have Sasria cover included. This follows the costs of destruction of property in the wake of #FeesMustFall protests, estimated to be in the region of R1 billion to date. According to Hussain Bhikhoo, Client Manager at...
27 Oct 2016

Are you insured for your risky and adventurous hobbies?

By Janice Roberts

In attempts to raise funds, create awareness, break world records or just for the thrill of it, we have seen a growing number of individuals partake in ‘adventurous’ activities that are dangerous and potentially life threatening. It is important for these individuals who engage in such extreme activities and adventures to consider having the appropriate...
24 Oct 2016

Oudtshoorn earthquake raises questions about insurance

By Janice Roberts

The 3.4 magnitude tremor that hit Oudtshoorn last week has highlighted the major issue whether the local insurance industry is prepared to cover massive losses and damage as a result of earthquakes.  This is according to Dawie Loots, CEO of MUA Insurance Acceptances.
21 Oct 2016

Santam enters into agreement with Munich Reinsurance

By Janice Roberts

Santam, South Africa’s largest general insurer, has entered into an agreement with leading reinsurer Munich Reinsurance Company of Africa Limited (hereinafter referred to as Munich Re of Africa) in terms of which selected Santam business units will be able to use the reinsurer’s Standard & Poor’s (“S&P”) AA- credit rating to write inwards international reinsurance...
18 Oct 2016

Top tips to reduce insurance premiums

By Janice Roberts

For many buyers the excitement associated with buying a new car can make them forget about the financial realities associated with vehicle ownership.  This is according to Rudolf Mahoney, Head of Brand and Communications at WesBank.
10 Oct 2016

South Africans urged to use driver assistance services in ‘silly season’

By Janice Roberts

South Africa is ranked as one of the most dangerous countries in the world when it comes to road accidents, with 25 related deaths occurring per 100 000 people annually, according to the World Health Organisation’s Global Status Report for 2015. In addition, 58% of road fatalities can be attributed to drunk driving. These alarming statistics...
04 Oct 2016

Why cyber insurance makes sense

By Janice Roberts

Insuring just what you can see or touch just doesn’t make sense in the internet age, says Sarel Lamprecht, MD of cyber insurance provider Phishield.
03 Oct 2016

Virgin Money launches insurance venture with AIG

By Janice Roberts

Virgin Money South Africa (VMSA) today announced the launch of Virgin Money Insurance (VMI), a short term insurance venture in partnership with global insurer American International Group, Inc. (AIG). The launch follows an intense journey to understand the consumer’s motivation for purchasing insurance and aims to revolutionise the customer’s experience of insurance in South Africa....
28 Sep 2016

Unfamiliarity with towing regulations could harm your claim

By Janice Roberts

South African drivers who have not kept up to date with the regulations for towing trailers or caravans, run the risk of having their insurance claims denied in the event of an accident. This is according to George Davis, Head: Engineering and Construction at RBS, who states that a surprising number of motorists are currently...
28 Sep 2016

Vital priorities in the insurance industry: Addressing fraud and fostering customer service

By Janice Roberts

There is a critical balance that needs to be attained between combating fraud across the lifecycle of a policy, and providing a positive customer experience at all times.  This is according to Jonathan Lewarne, Senior Director: Insurance Business Development at TransUnion.