AARTO offenders could face higher motor insurance premiumsPublished: Thu, 23 Feb 12 The Administrative Adjudication of Road Traffic Offences Act (AARTO) expected to be implemented on the 1st April 2012, could play a big role in reducing the number of fatal motor vehicle accidents, by hitting motorists where it sometimes hurts the most – their wallets.
That is the view of Christelle ...
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kulula.com fans get easy access to travel insurance with ACEPublished: Thu, 23 Feb 12 The convenience of modern living means a trip to Durban, Cape Town or Johannesburg – or indeed any major city in South Africa – is just a couple of hours away. That’s thanks to kulula. com, the original low fare airline in this country. But while the green planes and cheerful crew of the airline ...
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Decline in SA farmers to have significant impact on insurance industryPublished: Wed, 22 Feb 12 The predicted decline in the number of farmers in South Africa from the current figure of 40 000 to 15 000 in the next 15 years* will have a drastic impact on the local agricultural sector, causing thousands of associated job losses and eventually raising the price of goods for consumers.
This is ...
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Mutual & Federal announces key African appointmentPublished: Wed, 22 Feb 12 Mutual & Federal, a member of the Old Mutual Group, has appointed Marcelina Gaoses to the position of Managing Director of Mutual & Federal Namibia, effective 1 March 2012.
Gaoses joins the short-term insurer from her current position as Director: Insurance & Pensions, Non-Bank Financial Institutions ...
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Car insurance: pertinent advice for 2012Published: Wed, 22 Feb 12 As another year starts and most household budgets shrink even further, monthly car insurance payments routinely come up for review.
While revisiting car insurance on an annual basis is the correct thing to do, Gari Dombo, Managing Director, Alexander Forbes, Insurance says “the annual household ...
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Businesses must have insurance contingencies for load sheddingPublished: Mon, 20 Feb 12 Insurance brokerage Aon South Africa has warned its business clients to start managing their insurance contingencies for power outages, stating that insurance policies, including business interruption covers, may not cover the deliberate withholding of power supply by the provider (load shedding), or where the interruption ...
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ENS named Premier South African Multi-disciplined law firmPublished: Mon, 20 Feb 12 ENS, Africa’s largest law firm has become the only firm in Africa to be awarded the highest accolade in the Intercontinental-Finance Magazine’s (ICFM) 2012 Continent Awards.
The ICFM awards are considered to be one of the most prestigious business honours globally, with nominations and research ...
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The Consumer Protection Act - 8 months laterPublished: Sun, 19 Feb 12 Part 1 – Product Liability
By Simon Colman
Camargue Underwriting Managers
Eight months have passed since the Consumer Protection Act was implemented on 1 April 2011. The Act ushered in many new responsibilities for South African business, not least of which being the introduction of no-fault liability ...
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Alternative distribution in Africa is taking offPublished: Sat, 18 Feb 12 The 1st African Bancassurance and Alternative Distribution Conference saw delegates from 11 African countries explore product development and distribution methods most suited to African conditions. They left with fresh ideas, innovative strategies and new networks, ready to develop alternative channels and increase ...
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Treating Customer Fairly (TCF)Published: Fri, 17 Feb 12 On 15 December 2011 the Financial Services Board (FSB) published its feedback report following an invitation to a sample group of different types of regulated financial services institutions to participate in a draft version of a TCF self-assessment tool.
The final version of the TCF self-assessment is expected ...
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COP17 Side Events: SAIA Participates in Alternative Risk Funding DiscussionPublished: Fri, 17 Feb 12 The Deputy Minister for Cooperative Governance and Traditional Affairs (CoGTA), Yunus Carrim, in partnership with the Global Facility for Disaster Risk and Recovery (GFDRR), hosted a panel discussion at COP 17/CMP7 on Monday 5 December 2011 in the Local Government Pavilion in Durban relating to Disaster Risk Financing ...
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A simple guide to insuring your homePublished: Thu, 16 Feb 12 By Shehnaz Somers, Head of Personal Lines Underwriting at Santam
Know exactly what you are covered for
It is important to know what it is exactly you are covered for as well as the extent of your insurance cover. Comprehensive homeowners insurance should include structural cover and cover ...
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Motorists must adjust attitudes and habits in wet weatherPublished: Tue, 14 Feb 12 With South Africa braced for heavy rain and unpredictable weather from February to April 2012, Auto & General Insurance says motorists are going to have to seriously adapt their driving and attitudes if they are going to survive the mayhem that will undoubtedly unravel on the roads.
Referring to an alert ...
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African telecoms Risk Management arrives on the global stagePublished: Thu, 09 Feb 12 The ever-evolving nature of technology means risk in the telecoms industry is constantly changing. Managing this risk successfully requires knowing the industry so well that new risks are instantly anticipated even as technology evolves.
Being able to understand and model telecoms risk on a large and complex ...
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