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Industry News

04 Aug 2018

What you need to know about insurance claims

Many business owners and consumers who take out insurance often overlook the value of immersing themselves in how the claims process works. Elizabeth Mountjoy, Private Wealth Manager at FNB Insurance Brokers, says submitting a claim forms an integral part of an insurance policy agreement. When taking out a policy you are essentially purchasing the potential...
03 Aug 2018

Everything is going to be ok… we hope

An overview of the annual Nedgroup Investments Summit 2018.
03 Aug 2018

Allianz reports strong results for 2Q 2018

After a successful start into 2018, Allianz Group continued to achieve good performance in the second quarter. Indicators remained close to or exceeded the second-quarter 2017 levels, despite burdens from geopolitical instabilities and currency fluctuations.
02 Aug 2018

Long-term insurer launches customisable funeral plan

The top-scoring life insurer in the South African Customer Satisfaction Index (SAcsi) for three years running, Metropolitan has unveiled its new Funeral Solution which has personalisation at its core – giving policyholders the flexibility to customise their funeral based on their needs and pocket.
02 Aug 2018

Improve retirement outcomes with high impact benefit counselling

Benefit counselling can be instrumental in improving retirement outcomes by creating a better understanding of benefits and driving more informed decision-making. However, Katherine Barker, Head of Momentum FundsAtWork, believes that to achieve this, it’s key to look beyond legal compliance to the new Retirement Funds Default Regulations and focus on delivering benefit counselling that has...
02 Aug 2018

Fuel and land – the Ramaphosa administration’s ‘economic risk’

Successive fuel price hikes and the ruling ANC’s firmer position on land expropriation without compensation are “an economic risk” at a time when the South African economy is contracting and unemployment is rising.
02 Aug 2018

Carrick strengthens onshore financial division

The Carrick Group today announced the appointment of Paul de Waal to head the company’s new local (onshore) division. This follows his promotion to the position of Director: Wealth and Advisory.
02 Aug 2018

Liberty delivers a stabilised operating performance

Financial Highlights Normalised operating earnings increased 18% to R958 million Normalised headline earnings increased 5% to R1 332 million Capital adequacy ratio strong at 2,67 times the regulatory minimum Group long-term insurance net customer cash inflows are R262 million Long-term insurance indexed new business R3 773 million Group equity value per share at R138,66 Assets...
02 Aug 2018

Medical Schemes battle to find sustainable competitive positions, says Consulta

The 2018 South African Customer Satisfaction Index (The SA-csi) for Medical Schemes, conducted by Consulta, reported that the industry average dropped from 74.2 in 2017 to 72.7 in 2018. This is primarily due to two of the large brands included in this year’s benchmark showing declining scores. Bonitas’ score declined from 73.1 to 70.2 and...
02 Aug 2018

Top three for the FPI Financial Planner of the Year award announced

The Financial Planning Institute (FPI), a South African Qualifications Authority (SAQA) recognised professional body, has recently announced the names of the top three professional financial planners who progressed to the third and final round of the 2018 FPI Financial Planner of the Year competition. In this final round, taking place today, the three entrants will...

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