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Short-term insurance

15 Jul 2021

Santam saddened by unrest, loss of life

Short-term insurer, Santam, says it is saddened and concerned about the unrest that has broken out in the country over the last few days. "We are particularly saddened by the loss of life.," the insurer says. "We are also concerned about the destruction of property and its impact on livelihoods.

15 Jul 2021

Insurers express confidence in ability to assist insured looted businesses

The South African Insurance Association (SAIA) calls on all policy holders who have suffered losses or damage to property and or business operations which has been estimated to be in the billions to reach out to their respective insurance companies or brokers/financial intermediaries for assistance.
15 Jul 2021

Business interruption insurance: what all businesses can learn from the riots

The latest riots and looting in South Africa have been utterly devastating for local businesses. When the dust eventually settles, the reality is that many businesses are going to have a tough time bouncing back from the destruction. Those that are able to pick up the pieces will be the ones that have business interruption insurance in place.
12 Jul 2021

Extended lockdown: Does working from home affect your insurance?

Following the recent news of yet another extended period of lockdown restrictions amidst rising COVID-19 infections, many South Africans have opted to continue to stay safe by working from home. If you are a homeowner and find yourself in this position, whether working from home permanently or in a hybrid scenario, you may have wondered whether your homeowner’s insurance policy is impacted.
01 Jul 2021

Guardrisk acquires Inniu

Guardrisk Insurance Company Limited (Guardrisk) has acquired 100% shareholding of Inniu Underwriting Services (Pty) Ltd (Inniu), effective 1 June 2021. Inniu has been an underwriting management agent of Guardrisk since 2005. The transaction is the culmination of negotiations over a number of years and saw the entire Inniu team transferring to Guardrisk effective 1 June 2021, with the exception of Paddy Murray who retired on that date.

30 Jun 2021

Customer expectations increasing across the short-term insurance industry

The short-term insurance industry has managed to navigate unchartered risk territory in a year thrown into chaos by the COVID-19 pandemic. Not all players emerged the pandemic unscathed, and the industry collectively has some challenges ahead to meet changing and increasing customer expectations.
25 Jun 2021

Innovating to Meet Customer Expectations During Covid 19 Disruption

When governments across the world locked down their countries to deal with the COVID-19 pandemic, normal economic life as we know it was severely disrupted.
21 Jun 2021

The insured must provide true and complete information when claiming

Honesty is the best insurance policy. Blatantly lying or omitting the truth when claiming puts you on a slippery slope. If you get caught committing insurance fraud, you not only could have a claim denied but could experience more extreme consequences.
21 Jun 2021

Demerit points and your short-term insurance

For most drivers, there can be nothing more annoying than a reckless driver that dangerously cuts in front of them, or drives facing oncoming traffic - or takes a gap down the emergency lane during peak hour traffic. This is the reality for drivers in South Africa’s towns and cities, but that may be a thing of the past should authorities properly enforce the upcoming demerit system.Insurance
10 Jun 2021

Decoding the claims process: Your questions answered

Few would argue the fundamental necessity of a comprehensive insurance policy, given South Africa's consistently high crime levels and the well-documented dangers faced on our roads.