MoneyMarketing

Short-term insurance

08 Nov 2018

Your insurance safety net following a road traffic accident

In a country where more than 500,000 road traffic accidents are reported each year the chance of being injured or killed in an accident are as high in South Africa as anywhere in the world. The best way to protect you and your family from the financial repercussions of road traffic accidents is to have...
07 Nov 2018

Avoid a chemical reaction: commercial insurance considerations you can’t ignore

AUTHOR: Bertus Visser, Chief Executive of Distribution, PSG Insure If you work with chemicals, you understand the associated risks. But are you aware of your insurer’s requirements to keep your business covered?
31 Oct 2018

Saving on insurance to mark World Savings Day

To mark World Savings Day today, the 31st of October, Alexander Forbes Insurance, recommends that you evaluate your short term insurance policy and make sure that you are only paying for insurance cover that you actually need. Premiums are partially dependant on the assessment of a person’s risk factors so making simple changes now can...
22 Oct 2018

2017 the costliest year on record for natural disasters

“Managing risks of severe weather conditions is essential as under-insurance leaves individuals and businesses facing financial ruin in major weather catastrophes.” In Aon Benfield’s latest Weather, Climate and Catastrophe Insight Report, 2017 was flagged as the costliest year on record for natural disasters. The global economic cost of natural disasters in 2017 clocked in at...
10 Oct 2018

Golf insurance – complete cover from tee to green to 19th hole

South Africa is host to many luxurious golf courses that not only provide a much-loved recreational reprieve for enthusiasts of the beautiful game but are popular with home owners looking to live in a safe, secure and aesthetically beautiful environment.  With so many role players, the matters of risk, liability and insurance on the golf course...
28 Sep 2018

Garth Napier appointed Managing Director of Old Mutual Insure 

Old Mutual Limited (OML) is pleased to announce the appointment of Garth Napier as Managing Director (MD) of Old Mutual Insure, pending regulatory approval.
27 Sep 2018

Record high levels of crime reported in Q1 2018: Bryte

Bryte Insurance, a proactive business risk specialist, today released its Q1 2018 Crime Tracker; an indicator of long-term crime trends in South Africa as captured by insurance claims for the period January – March 2018. The Q1 2018 Bryte Crime Tracker measures the annual change, on a quarterly basis, in crime-related claims (due to hijacking,...
26 Sep 2018

Spring clean your insurance

By Nthabiseng Moloi, MiWay Head of Marketing & Brand. Spring has finally sprung, bringing with it warmer days and the distinctive scent of jasmine wafting in the breeze. Typically, this new season filled with promise is one that triggers a desire to spring clean – to clear out the winter cobwebs and start afresh.
21 Sep 2018

The difference between carrier cargo liability and first party cover

Recently a marine insurer paid a heavy penalty after it was identified that they were breaking the Financial Advisory and Intermediary Services (FAIS) & Short-Term Insurance Act (STIA) regulations. The main issues were that the carrier/third party sold insurance to the cargo owners, and the policy was issued in the name of the carrier on...
20 Sep 2018

The biggest loser in insurance fraud is our struggling economy

By Johan Welthagen, Head of Claims Support at Old Mutual Insure. Pulling off insurance fraud is harder than you may think, because of the sheer number of people standing between you and your payout. Sadly, claimants who attempt to defraud their insurance company not only put themselves in danger of criminal prosecution, they are also...