MoneyMarketing

Short-term insurance

16 Mar 2020

Motorist pays hefty price for high speed modifications

The lowered speed limit at a road construction site must be adhered to even after roadworks have been completed, the former Ombudsman for Short-Term Insurance, Deanne Wood, said in a ruling in favour of an insurer which rejected a claim.
04 Mar 2020

King Price acquisition of Stangen gets the go-ahead

Short-term insurer King Price has confirmed its entry into the South African life insurance market after regulators this week gave the green light for its acquisition of life insurer Stangen from JSE-listed African Phoenix Investments, for R140 million.
21 Feb 2020

Momentum reviews its personal cover, offers even more protection

Momentum Short-term Insurance (MSTI) reviews its Policy Wording document regularly to ensure it continues to offer premium cover options that are competitive and serve its clients better.

19 Feb 2020

Insuring valuable customer orders and stock while on the move

Whether you’re a tradesman or contractor transporting expensive tools and materials from workshop to client site, or a renewable energy specialist installing PV systems at homes or businesses, the protection of your valuable stock and customer orders while in transit against damage or loss due to an accident, theft or hijacking is critical to the...
11 Feb 2020

New Head of Governance for MiWay

Admitted attorney Joseph Makgopa joined MiWay as Head of Governance on 1 February 2020.

06 Feb 2020

Santam partners with InsurTech company JaSure

Santam, South Africa’s leading short-term insurer, has invested and partnered with on-demand insurance technology (Insurtech) company JaSure. The Insurtech company offers digital, on-demand insurance to clients, effectively allowing them to choose what they want to insure and when to do so. JaSure’s offering is app based and provides on-demand insurance for portable possessions like cellphones...
03 Feb 2020

How travel insurance works during virus outbreaks

This past Wednesday, 29 January, Cape Town International Airport was flooded with dozens of travellers who reunited with loved ones as they unmasked themselves after overnight flights from China and nearby locations.
29 Jan 2020

Slip-and-trip claims causing more pain for businesses

The R7.1million claim that was recently filed against Woolworths, after a customer stumbled and fell over a packing crate, once again brings the growing liability risks faced by South African businesses into focus. This is according to Manisha Chiman, Executive Head: Liability Underwriting at SHA Risk Specialists, who says that personal injury claims are increasing...
20 Jan 2020

Short-Term Insurance Set for a Big Shake Up in 2020

Solvency looks set to transform South African short-term insurance, with a product that offers vital risk cover and savings investment opportunities, all within a single monthly premium. Short-Term insurance brands are among South Africa’s most successful businesses and have changed consumer perceptions of what used to be grudge purchase with smart branding and ongoing product...
15 Jan 2020

Be pro-active to ensure your claims get paid out

There is definitely a right and wrong way to go about making a successful insurance claim