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Industry News

09 Aug 2019

Reckless driving can see your insurance claim rejected

The implications of driving under the influence of alcohol, without a valid driver’s licence or reckless driving can be profound– all can lead to an outright rejection of your insurance claim if there is an accident and damage or loss of property.  Far worse, it can lead to a criminal record, serious injury or a...
09 Aug 2019

Women are better at budgeting!

South African women are struggling to make ends meet, with 81% of them running out of money before the end of the month (vs. 72% of males). This despite the fact that they are also more likely to draw up and stick to a budget, especially if they are 25 – 45 years old (80%)....
08 Aug 2019

What happens when women don’t downplay their success?

As South Africa celebrates Women’s Month and brings an important focus to the unique challenges women face, Momentum, (or shall we say Womentum) has launched the #NoApologyForMySuccess campaign – a movement that aims to inspire women to talk confidently about their achievements.
08 Aug 2019

SA bonds fall as SA economic, political fears grow

South African 10 year bond yields have risen to close to 9% as political wrangling and fears about the country’s economic health continue to grow. Bond prices move inversely to yields: as yields rise, bond prices fall.
08 Aug 2019

Fed easing the firing gun for more aggressive rate cuts across EMs

Like Brazil last week, India’s central bank surprised markets with a larger-than-expected cut, easing by 35 bps to take the policy rate to 5.4%. The accompanying statement was also rather dovish in tone and suggested more cuts to come.
08 Aug 2019

Protecting your home should retrenchment hit your finances

Standard Bank, ABSA, Group Five… Retrenchments in SA in Q2 have increased by 27% from 2018. Tongaat Hulett (5000 jobs in jeopardy) and Deutsche Bank (18 000 jobs set to be cut globally) have issued the latest devastating announcements. The sustained economic downturn is putting extreme pressure on companies, with staff retrenchments being part of the...
07 Aug 2019

Liberty takes top honours at this year's FIA Intermediary Experience Awards

Liberty Group, leading provider of long-term insurance solutions in the mass affluent South African market won in two categories at this years’ Financial Intermediaries Association of Southern Africa (FIA) awards ceremony; taking home the Life & Risk and Employee Benefits categories.
07 Aug 2019

Business confidence lower: SACCI

The South African Chamber of Commerce and Industry (SACCI)’s Business Confidence Index (BCI) for July 2019 declined after it improved marginally by 0.3 index point in June 2019. It measured 92.0, 1.3 index points lower than the June 2019 level, and 2.7 index points lower than the July 2018 figure. This is the second lowest...
07 Aug 2019

The power of creating your own personal brand

By Christelle Colman, Managing Director Elite Risk Acceptances. Building a personal brand is one of the most important things you can do to set yourself apart from the rest of the pack.
07 Aug 2019

The ‘big 5’ obligations of short-term insurance

Short term insurance. Sounds easy. You pay your insurer to take over your risk, so that when disaster strikes, your losses are covered. Bingo. But sometimes it’s not that simple. Your insurer promises to treat you fairly, and to pay out when you claim, but you’ve got certain commitments too. A short term insurance policy...

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