MoneyMarketing

Short-term insurance

04 Jul 2019

King Price targets agri sector with innovative offering

King Price has launched a new division that, it says, will revolutionise agri insurance in the country. The new offering provides personalised levels of cover for every farmer’s needs and budget, as well as cover and benefits not offered by any other insurer in South Africa – including a unique ‘low claim benefit’ that farmers...
01 Jul 2019

Crop Insurance: a vital tool minimising risk for South African farmers

The attitude of South African farmers towards crop insurance is changing as they realise that purchasing insurance is one of the most accessible ways in which they can manage risk in an occupation that is fraught with challenges and obstacles, says Old Mutual Insure.
27 Jun 2019

Good groundwork for short-term insurance

By Bertus Visser, Chief Executive of Distribution at PSG Insure. Having adequate short-term insurance cover is an important part of ensuring that your younger loved ones are well taken care of. When they leave home, preparing your older child (or perhaps a younger sibling, or friend) for the adult world ahead will help them make sensible...
24 Jun 2019

Momentum short-term insurance ranks in top three for customer satisfaction

Delivering on its brand promise of safety and convenience to customers, Momentum Short-Term Insurance (MSTI) prominently features as one of the top three insurers currently meeting customer expectations.
24 Jun 2019

Business Insurance essential to protect medical practitioners’ business operations

By Christiaan Steyn, Head of Business Insurance, MiWay Insurance. With winter upon us, there is an ever-increasing possibility that the electricity grid will come under more pressure that might lead to another round of power cuts. We are all aware of the inconvenience this causes, but for medical practitioners, this can often be far more...
24 Jun 2019

Short-term insurers under immense pressure in low growth market

The latest South African Customer Satisfaction Index for Short-Term Insurance shows that customer satisfaction is declining and smaller niche players are making big inroads into traditional  markets. The index is carried out by Consulta which provides highly scientific insights into the overall level of satisfaction of customers of South Africa’s short terms insurers – Auto...
11 Jun 2019

Computer Equipment Used for Cryptocurrency Mining Won’t Be Insured, Old Mutual Warns

The world of cryptocurrencies or digital currencies is growing rapidly as digitisation continues to disrupt the financial services industry. Mining these cryptocurrencies usually requires expensive computers, servers and other equipment. It is important for people to note many insurers do not insure this equipment due to the unregulated nature of crypto mining.
29 May 2019

OSTI finalizes a total of 9 474 formal complaints in 2018

The Ombudsman for short-term insurance (OSTI) has published its 2018 annual report. During 2018, OSTI finalized a total of 9 474 formal complaints, Ayanda Mazwi, Senior Assistant Ombudsman, writes in the report. This was 97% of the total number of complaints registered in the same period.
29 May 2019

Insurance pioneers form insurance distribution partnership

Insurance pioneers, Simply and Iemas Insurance Brokers have formed an exciting insurance distribution partnership that brings together leading edge insurtech, innovative life insurance products and a strong grassroots distribution network. The Simply founders, with backgrounds in tech and life insurance innovation, set out in 2016 to shake up the SA life cover market. The idea...
29 May 2019

How risky are you?

By: Attie Blaauw, Head: Personal Lines Underwriting at Santam