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Industry News

04 Jul 2018

'South Africans pay too much for funeral cover'

Peter Castleden, CEO of digital insurer Indie believes that South Africans deserve better than what the funeral insurance industry is currently offering. “Funeral cover has been a one-size-all product that appears cheap on the surface, but can be incredibly expensive in relation to other cover,” says Castleden. “When selling funeral policies with an average premium...
04 Jul 2018

Tax and SARS - do you understand the understatement penalty behaviours?

By Esther Geldenhuys, senior associate at Werksmans Attorneys 
04 Jul 2018

Policy Uncertainty Index moves into negative territory

The North West University (NWU)’s Business School’s Policy Uncertainty Index (PUI) for  2Q 2018 rose to 51.0 (baseline 50) compared to 49.6 in 1Q 2018 “The latest rise in the PUI is the result of a blend of economic and political factors over the past three months which have generated a renewed degree of policy...
04 Jul 2018

Consumers urged to tighten belt as cost of living soars

Consumers have been urged to tighten their belts and curb excessive spending as the rising cost of living could take its toll. This month, motorists in South Africa will pay more than R16 per litre of fuel and the increase is expected to trickle into the cost of goods and services such as food and...
04 Jul 2018

Millennials face a demonstrable insurance gap of R15 trillion

South Africa’s young adults could bridge the growing life and disability insurance gap by diverting a fraction of their monthly lifestyle expenditure to financial services products. According to Gareth Friedlander, Head of Research and Development at Discovery Life, it would take as little as 4.6% of the average millennial’s salary to revolutionise the insurance coverage...
04 Jul 2018

Financial advisers and the future: Survival vs sustainability

Phil Knight (Nike Founder and author of Shoedog) said “business is war without bullets”. Great quote, but who goes to war unarmed? Not a great start when sustainability and survival are key!
04 Jul 2018

Surviving rising costs without losing out on insurance protection

The increase in the value-added-tax rate to 15% in April has South Africans tightening their belts a little more, but overall the economic mood is lifting and opening the door to improved sentiment and business confidence.
03 Jul 2018

High Aspirations for Universal Healthcare in SA

By Mike van Rensburg, Partner; Leana Engelbrecht, Senior Associate; and Tanya Seitz, Associate at Baker McKenzie.
03 Jul 2018

Technology and collaboration key for insurers in 2018 and beyond

By WP Pienaar, Chief Underwriting Officer: Commercial and Agri Assets at Old Mutual Insure.
03 Jul 2018

Fourth consecutive fuel hike will hit the consumer

By Paul Makube, Senior Agricultural Economist at FNB AgriBusiness.

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