Other Gateways:   Consumers (South Africa):    Healthcare   Life   Retirement   Investment Professionals (South Africa):    Short-term   Healthcare   Life   Retirement   Investment Other Territories:    Angola   Botswana   Ghana   Kenya   Lesotho   Malawi   Mauritius   Mocambique   Namibia   Nigeria   Swaziland   Tanzania   Uganda   Zambia   Zimbabwe Exact Match All Words Any Words This Page Navigate Short-term (Consumers): Home Press Events Knowledge Base Glossary Directory Appraisers and Valuers Associations and Institutes BBBEE Consulting and Verification Agencies Consumer Protection Credit Bureaus Defensive Driver Training Insurance Brokers - Alphabetical Listing Insurance Brokers by Type of Product or Service Needed Insurance Companies Insurance Tender Preparation, Evaluation and Adjudication Medical Rescue Ombud Online Quotes and Cover Premium Financing Public Loss Adjustors Publications Rating Agencies Regulatory Authorities Risk Finance Risk Management Risk Surveyors Salvage Operators Strategic Business Consulting for SMME's Telephone Quotes Vehicle Accident Management Vehicle and Household Risk Inspection Services Vehicle Tracking YOU ARE HERE: SHORT-TERM CONSUMERS PRESS ROOM PRESS ITEMS Press Room Archive The cost of replacement 09 March 2010 Pravin Pather, technical and risk specialist at Centriq Insurance looks at insurance and building replacement costs   If an unforeseen disaster such as a fire or flood were to damage or complet... Ignoring local insurance regulations could scupper global expansion 09 March 2010 In spite of our rapidly globalising world it is becoming more, rather than less, difficult for multinational organisations to manage cross-border risks.   “Increasingly, insurance regulat... SA farmers face huge insurance risks 09 March 2010 Underestimating the replacement value of farming equipment, combined with a failure to regularly review their policies, means that the percentage of South Africa’s farmers who are underinsured c... Ackerman and Kieswetter open new Alexander Forbes headquarters in Western Cape 09 March 2010 Mr Raymond Ackerman, Chairman of Pick and Pay Group, and long time client of Alexander Forbes, spoke of great things ahead for both South Africa and Alexander Forbes when he addressed staff and promin... Santam delivers a solid set of annual results 04 March 2010   -          Solid underwriting performance with gross written premiums up by 6% despite challenging market conditions -    &nb... The heavy cost of uninsured drivers 03 March 2010 Having uninsured drivers on South African roads imposes an unfair burden on insured drivers and their insurance companies.   South Africa has about 8,5 m vehicles of which only approximately 3... Driver Check Recovers Hi-jacked Trailer 02 March 2010 On Tuesday 1 December last, First Class Logistics, a national transport company, hired out a trailer to a sub-contractor who loaded the trailer with a cargo of tinned foodstuffs in Johannesburg. En ro... Law Society welcomes Pretoria High Court dismissal of Finance and Health 02 March 2010 The Law Society of South Africa (LSSA) welcomes the decision by the North Gauteng High Court:: Pretoria today not to permit the applications by the Minister of Finance and the Minister of Health to jo... MiWay and Tracker SA tie the knot 02 March 2010 MiWay, the innovation leader in the direct financial services and short-term insurance market, has announced their partnership with Tracker SA, one of South Africa’s leading vehicle tracking com... New trans-continental medical evacuation partnership offers lifeline to global travellers 01 March 2010 Hardly had the ink dried on the paperwork sealing a brand new mutual-service agreement between RMSI MEDEVAC and Netcare 911 when the first major, joint trans-continental mercy flight between the two l... National Budget 2010 01 March 2010 On 17 February 2010 the new Finance Minister, Pravin Gordhan delivered his first National Budget Speech and urged citizens to “create your own future” and in so doing said we must all be p... Law Society challenge to constitutionality of Road Accident Fund Amendment Act to be heard in the North Gauteng High Court - Pretoria 01 March 2010 The matter between the Law Society of South Africa and 10 others v the Minister of Transport and the Road Accident Fund (Case no: 10654/09) will be heard in the North Gauteng High Court: Pretoria on 1... IG eZine February 2010 26 February 2010 Especially distilled for Business Insurance Consumers and Insurance Professionals   With the year well under way and the end of the first quarter in sight, we trust everyone is going full throt... Procurement fraud in government departments emphasises need for strong compliance culture 22 February 2010 In his Budget Speech, Finance Minister Pravin Gordhan acknowledged the reality of procurement fraud in government departments and announced that a team has been set up to look at procurement as a whol... Insurers warned to ensure baseline compliance with CPA – or face penalties 22 February 2010 At its simplest level the new Consumer Protection Act does not impact on the provision of insurance services, however this is based on an assumption that the Long-term Insurance and the Short-term Ins... Where there is risk there's insurance 17 February 2010 Where there are new categories of risk to be considered, insurance companies will follow. So it is with environmental risk in recent years. This is the view from Aon, a leading global provider of risk... Ten best ways to save on car insurance 17 February 2010 “Every year you should speak to your vehicle insurer or broker about how to best to save on your insurance premium without losing essential cover on your vehicle” says Gari Dombo, Managing... New survey reveals brokers confident of expanding their businesses in 2010 16 February 2010 More than two thirds of South Africa’s insurance brokers polled in a recent survey by CIB Insurance Solutions (CIB) say they are confident of expanding their business in 2010.   69% of th... Business Insurance Magazine Recognises Aon with Innovation Awards 16 February 2010 Johannesburg – Aon Corporation, the leading global provider of risk services and human capital consulting, announced its Aon Risk Services and Aon Benfield businesses have earned Innovation Awar... Hot water is going green with Santam 16 February 2010 Green is the new black in insurance. To show Santam’s support of the environment, it is the first insurance company to actively promote green energy by opting to give domestic householder client... Insurance Gateway® introduces new simplified website navigation toolbars 14 February 2010 Over the years Insurance Gateway® has been regularly refined, having regard to the utility value of the website and ease of navigation, and this time the navigation toolbars have been updated to s... Insurance industry warns against driving without a valid driver’s license 10 February 2010 The South African Insurance Association (SAIA) has noted comments by Magistrate Daniel Thulare that were published in the Sowetan on Monday, 8 February 2010 which included that “any conviction f... Interest rates need to stay on hold 09 February 2010 Economic commentary by Luke Doig, senior economist at Credit Guarantee Insurance Corporation   Talks of hiking interest rates at this stage are ludicrous. Indeed murmurings are that the inflati... Lisa Teixeira appointed general manager of Personal Lines Underwriting at CIB Insurance Solutions 03 February 2010 Lisa Teixeira has been appointed general manager of Personal Lines Underwriting at CIB Insurance Solutions.   Teixeira has been in the insurance industry for the past 19 years, 15 of which hav... Loyalty and honesty to one’s insurer does pay 02 February 2010 Recent innovations in selling insurance as a price-driven commodity offer consumers the ease of comparing the price of various insurance products online. However well-intentioned these practices have ... Transformation – The Financial Sector Charter 01 February 2010 The Financial Sector Charter (FSC) Council met with the Ministers of Trade & Industry and Finance during July 2009 in an attempt to establish whether the Ministers still see it appropriate to gaze... Elevated Political Risk Levels to Continue into 2010, says Aon 27 January 2010 Food & Water Insecurity Indices Launched   JOHANNESBURG - Political and financial instability remain a feature of the business landscape as a result of the recession, according to Aon Risk ... IG eZine January 2010 27 January 2010 Especially distilled for Business Insurance Consumers and Insurance Professionals   I hope that everyone who had an opportunity to take some leave over the holiday season had a good break and w... Need cover in Zimbabwe? 26 January 2010 Insurance Gateway® welcomes TristarInsurance onto the IG Zimbabwe portal. TristarInsurance is a multi-line short-term insurer, with significant capacity and expertise.   Part of the Afre Co... Large losses require multi-disciplinary expertise 26 January 2010 When a factory burns down with all its equipment, stock and produce, or an explosion destroys a mine killing workers and halting production the opportunity for loss is almost limitless. These eve... Do the numbers belie the sentiment? 26 January 2010 by Luke Doig, Senior Economist, Credit Guarantee Insurance Corporation   Is there a chance that the SA Reserve Bank will reduce rates this week in an attempt to shore up the economy and boost l... Mutual & Federal appoints new Chief Risk Officer 26 January 2010 Mutual & Federal, one of South Africa’s leading short-term insurers appointed Paul Hancock, B.Com., B.Compt (Hons.), C.A. (S.A.), C.I.A., to the position of general manager: Risk -... Fais Ombud takes on mantle of Statutory Ombud and rules against insurer 21 January 2010 In an important determination that is bound to shake insurers out of their comfort zone, believing that they are out of reach of the FAIS Ombud, he has invoked his mandate in terms of the FSOS Act in ... Why do vehicles of same value or model attract different insurance rates? 21 January 2010 Helping consumers understand how their insurance works is an important part of developing an insurance industry in South Africa that meets the needs of the market.   To this end Gari Dombo, Ma... Santam acquires 100% shareholding in Centriq 21 January 2010 Santam and Centriq Insurance (“Centriq”) have pleasure in announcing that Santam has reached agreement with Kagiso Risk Solutions (“Kagiso”) to acquire Kagiso’s 33.3% eff... Mutual & Federal take-out successfully achieved 21 January 2010 Old Mutual’s bid to purchase the remaining Mutual & Federal shares has come to fruition with the announcement yesterday that all of the remaining conditions have been successfully fulfilled ... Ascent Underwriting Managers makes their mark in the Hospitality, Tourism and Entertainment Sectors 19 January 2010 Ascent Underwriting Managers combines the dynamic approach of Infiniti Insurance coupled with an exciting delivery based approach to business that includes innovation, entrepreneurial flair and extens... Teachers to rest insured with Santam 19 January 2010 The Department of Basic Education (DoBE) recently launched the Teacher Laptop Initiative aimed at assisting every teacher to own and use a laptop. The initiative will provide the more than 350 000 tea... New watercraft and ski boat insurance facility launched 17 January 2010 Newly launched Vanguard Marine & Leisure are underwriting managers specialising in providing insurance solutions to the boating fraternity via the insurance broker market.   The product off... The highs and lows of chemical liability 05 January 2010 However you look at chemicals they are risky business. Volatile chemicals present a huge explosion and fire risk while even the more stable chemicals can incur spillage, pollution and poison... While Directors reminisce about the good old days the perfect storm rolls in 30 December 2009 Geoffrey de Pinchart Underwriter Camargue Underwriting Managers (Pty) Ltd www.camargueum.co.za   In today’s economic climate, directors who don’t admit to yearning for the &ldq... Vote now! Have you been made aware of the implications of the impending Consumer Protection Act? 28 December 2009 Much has already been written about the introduction of the Consumer Protection Act in South Africa during 2010, but do consumers understand the dawning of this new judicial era? Does business underst... Sustainability as a driver of Business Ethics 28 December 2009     By Michael E. Stoker FIISA; FCII Insurance Gateway® a division of Stoker Risk and ICT (Pty) Ltd www.insurancegateway.co.za       This year saw many examples... Standard & Poor’s confirms Hannover Re Africa’s “A” Rating 24 December 2009 Standard & Poor’s has confirmed the “A” (Stable)  rating for Hannover Re Africa, noting the company’s strategic importance to the Hannover Re Group, strong capitalizat... Keeping a cool head in tough times 18 December 2009 South Africans are a rare breed of caution coupled with very short term focus. With us it’s all boom or bust.   But says Craig Smith, Risk Analyst, Enterprise Wide Risk Management&nb... 2009 in perspective...from our side 17 December 2009    By Michael E. Stoker  Insurance Gateway® a division of Stoker Risk and ICT (Pty) Ltd  www.insurancegateway.co.za         As the world absorbs t... Mutual & Federal team builds Wendy house for Noah’s Ark 16 December 2009 The festive season is the time of the year when companies entertain their employees with year-end parties and team building exercises.  It is also an opportunity that can be used to remember thos... FAIS Act set to improve consumer protection and professionalism in financial services industry 15 December 2009 2010 will see South African financial service providers up their game as the Financial Advisory and Intermediary Services Act’s Fit and Proper Determination takes effect. Issued in October 2008 ... Hail damage – How to make sure you’re covered 14 December 2009 South African citizens have sustained significant financial losses due to heavy hailstorms which have been experienced in various parts of the country this year. Mutual & Federal, one of South Afr... Q&A with Arnold van der Linde the Past President of the Financial Intermediaries Association of Southern Africa (FIA) 14 December 2009 Interview by Jacqui Pile, previously senior editor at Financial Mail   During your tenure as President over the past two years, what do you believe has been the FIA’s most significant ach...

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