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Industry News

09 Dec 2019

Growing pains

By Dave Mohr (Chief Investment Strategist) & Izak Odendaal (Investment Strategist) from Old Mutual Wealth. South Africa’s economic performance made headlines for all the wrong reasons last week, hardly the start to the festive season we all would have liked. The reality is that the road to economic recovery for South Africa is going to...
09 Dec 2019

Road safety – drinking and driving remains a major concern for road safety efforts

By the South African Insurance Association (SAIA). Road safety has become a global issue that ranks as one of the most pressing matters facing society today. The United Nations’ Global Road Safety Strategy, which was released early 2019, estimated that globally, nearly 1.3 million lives are lost annually as a result of road traffic collisions,...
09 Dec 2019

What does history teach us about living annuities?

Retirement can be a daunting prospect. Not only is it a time of personal adjustment but it is also a time to make  financial decisions that will impact your lifestyle for the rest of your life. Retired investors commonly face the dilemma of either maintaining a certain lifestyle or adjusting it in order to preserve...
09 Dec 2019

Boris Johnson’s Brexit plans mean short-term gain, long-term pain for the pound

The British pound and UK financial assets will surge on a Boris Johnson victory – but the relief for the Brexit-ravaged UK currency will be short-lived, warns the CEO of one of the world’s largest independent financial advisory organizations. The warning from Nigel Green, founder and chief executive of deVere Group, comes as sterling hits...
09 Dec 2019

Rampant fraud proves a challenge for funeral insurance

South African life insurers detected 3 708 fraudulent and dishonest claims to the value of R1.06 billion in 2018. The 2018 fraudulent and dishonest claims statistics, released this week by the Association for Savings and Investment South Africa (ASISA), show that the total number of irregular claims was lower in 2018 than in 2017, but the...
09 Dec 2019

Why managing travel risk is your top tip for holiday season self-care

Travel insurance can cover everything, “from missed connections, loss or damage of sports equipment, injuries sustained in adventure activities, pre-existing medical conditions and even crime and terrorist attack,” explains Christelle Colman, Insurance expert at Old Mutual Even if one has a medical aid or a hospital plan in South Africa, when travelling abroad, including to...
09 Dec 2019

Avoid being scammed this festive season

By Phiko Peter, Client Relationship Manager at Allan Gray. Aware that most of us are less vigilant as we ease into the festive season, scammers will be pulling out all the stops to line their pockets with our hard-earned money, writes Phiko Peter. Armed with bonuses, stokvel payouts, savings and the spirit of giving, South...
09 Dec 2019

GENRIC brings insurance innovation to the broker market

GENRIC Insurance Company has launched SafeHomes, a homeowners insurance solution backed by technology that is singularly focused on enabling brokers to meet the evolving demands of their clients in a world increasingly reliant on the internet of things (IoT).   GENRIC’s SafeHomes insurance solution is underpinned by a tech platform that makes onboarding of new customers...
06 Dec 2019

The new wave of 'consumer driven' insurance

As South Africa struggles to emerge from its longest downward cycle since 1945, the threat of a ratings downgrade and a forecast for low economic growth in 2020 means that consumers may have to drastically tighten their belts in order to survive.Policy uncertainty, high unemployment and the threat of financial burden caused by Eskom are...
06 Dec 2019

Financially independent parents on the wish list this festive season

It’s the time of year again where South Africans nationwide swap work check lists for personal wish lists and the search for gifts becomes all-consuming. The festive season also presents a timely opportunity for pre-retirees and retirees to consider a more pragmatic approach to gift giving; namely to identify which gifts will give their children...

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