Lessons from 2020
By Nthabiseng Moloi, Head of Marketing and Brand at MiWay Insurance As we turn the page on an unprecedented year, now…
Lessons from 2020
By Nthabiseng Moloi, Head of Marketing and Brand at MiWay Insurance As we turn the page on an unprecedented year, now is as good a time as any to put the events of 2020 into perspective, and to reflect on some of the positive take-outs from the past twelve months. While…
Old Mutual launches new modular personal cover
The evolution of financial advice is centred around targeted solutions where the needs and behaviour of customers take centre stage.…
Old Mutual launches new modular personal cover
The evolution of financial advice is centred around targeted solutions where the needs and behaviour of customers take centre stage. For advisers, this presents the opportunity for new ways of doing business that will enable them to improve operational efficiencies and boost their value offering to customers. This is the…
Call for actuaries to collaborate with government to rid SA of ‘wicked problems’
As the world continues to grapple with the “wicked problems” created by the Covid-19 pandemic, governments able to efficiently mobilise…
Call for actuaries to collaborate with government to rid SA of ‘wicked problems’
As the world continues to grapple with the “wicked problems” created by the Covid-19 pandemic, governments able to efficiently mobilise their diverse talent pools appear to be presenting their citizens with better outcomes than those unable to do so, according to Lusani Mulaudzi, President of the Actuarial Society of South…
Insurers need to move beyond risk and protection
By: Cornel Schoeman, Chief Operating Officer of GENRIC Insurance Company Limited Consumers demand more monetised value and digital convenience Until…
Insurers need to move beyond risk and protection
By: Cornel Schoeman, Chief Operating Officer of GENRIC Insurance Company Limited Consumers demand more monetised value and digital convenience Until recently, traditional insurance models have remained remarkably resilient in the onslaught of digital transformation and tech innovation that has disrupted entire industry sectors and upended competitive landscapes. Enter COVID-19 and…
The burning platform for long-term insurance
Steve Piper, Chief Distribution Officer at FMI (a Division of Bidvest Life Ltd) If the COVID-19 pandemic has done anything,…
The burning platform for long-term insurance
Steve Piper, Chief Distribution Officer at FMI (a Division of Bidvest Life Ltd) If the COVID-19 pandemic has done anything, it’s exposed the shortcomings of the long-term insurance industry. Precious few insurers were prepared for a crisis that would result in a local and global lockdown, leaving many policyholders without…
Advice for insurance entrepreneurs
“Being battle hardened is what makes you hungry for success. Growing up in a house where your parents can’t cover…
Advice for insurance entrepreneurs
“Being battle hardened is what makes you hungry for success. Growing up in a house where your parents can’t cover the school fees and the family car has broken down for the umpteenth time, makes you focus on what you really want to change in your life.” says Alex Simeonides,…
Income protection could be the best investment you ever make
According to the recent Stanlib Savings Report 2020, Covid-19 has highlighted how unprepared South Africans are for unforeseen financial shocks…
Income protection could be the best investment you ever make
According to the recent Stanlib Savings Report 2020, Covid-19 has highlighted how unprepared South Africans are for unforeseen financial shocks – and left without a steady income flow, many have had to dip into long-term savings to fund day-to-day expenses. Part of the reason is that South Africans tend to…
Professional indemnity cover for estate agents
Property professionals operate today in an environment of ever-increasing requirements for better transparency, disclosure, accountability and governance. Professional indemnity cover…
Professional indemnity cover for estate agents
Property professionals operate today in an environment of ever-increasing requirements for better transparency, disclosure, accountability and governance. Professional indemnity cover in the real-estate world is very similar to medical malpractice cover for doctors. While the sale or rental management of a client’s home may not require the precision of a…
Cardiovascular disease, cancer and accidents remain the leading causes of claims
In 2019, Sanlam paid out over 99% of death claims. The insurer predicts a rise in claims for death, funeral,…
Cardiovascular disease, cancer and accidents remain the leading causes of claims
In 2019, Sanlam paid out over 99% of death claims. The insurer predicts a rise in claims for death, funeral, sickness and income protection in 2020, due to the coronavirus pandemic. Petrie Marx, Product Actuary at Sanlam Individual Life, says that this year is a testament to how easily one’s…
How COVID-19 revolutionised the way we assess life insurance applications
“We’ve seen two years of digital transformation in two months,” said Microsoft CEO Satya Nadella, reflecting on doing business during…
How COVID-19 revolutionised the way we assess life insurance applications
“We’ve seen two years of digital transformation in two months,” said Microsoft CEO Satya Nadella, reflecting on doing business during the COVID-19 lockdown in March and April 2020. His words ring true across industries, including the insurance industry where many of us have very quickly learnt to conduct meetings over…
Insurance and Risk in a Post-COVID-19 economy
By: Carl Moodley, Chief Underwriting & Claims Officer; Stuart Forbes, Chief Risk and Compliance Officer and Eugene Olivier, Chief Information…
Insurance and Risk in a Post-COVID-19 economy
By: Carl Moodley, Chief Underwriting & Claims Officer; Stuart Forbes, Chief Risk and Compliance Officer and Eugene Olivier, Chief Information Officer of GENRIC insurance Company Nothing will be the same in the world post-COVID 19. As our economy slowly starts to reopen following a crippling lockdown, the realisation that consumer…
When and how to review your insurance products
With South Africans facing the reality of more costly living expenses, we often look for measures to lower our monthly…
When and how to review your insurance products
With South Africans facing the reality of more costly living expenses, we often look for measures to lower our monthly expenses, with insurance options habitually being the first to be reviewed. It is, however, important not to cut insurance from your budgets completely, but instead review the assets listed under…
