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Press Room

Press Archive »

What is the difference between Black Friday and Cyber Monday?

Published: Mon, 02 Dec 19

Cyber Monday originated in the US and is a marketing term used for the Monday after Thanksgiving. It was created by retailers to encourage people to shop online. The term was coined by Ellen Davis of the National Retail Federation and Scott Silverman, and has actually been around ...
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Interview with Bright Rock CEO, Schalk Malan about their ground-breaking temporary disability cover

Published: Mon, 11 Nov 19

In October 2019 Needs-matched life insurance provider, BrightRock, announced enhancements to their temporary expenses cover. Read More More recently Insurancegateway® Interviewed Schalk Malan to not only learn more about their product enhancements but also to talk about Bright Rock’s strategic ...
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Genesis Medical Scheme announces the lowest contribution increase for 2020

Published: Mon, 11 Nov 19

Across the private healthcare industry in South Africa, members of medical schemes are bracing themselves for a 10% increase in their 2020 contributions, exceeding the general inflation rate by 4. 6%. With average salary increases that are usually lower than 10%, most people will be hit hard if their 2020 increase ...
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A high road scenario for diabetes reversal

Published: Wed, 06 Nov 19

There is a growing body of research that suggests that one of the world’s most devastating illnesses, diabetes, can be reversed. Medical and nutrition experts Prof Tim Noakes and Dr Neville Wellington and actuary Sarah Bennett told attendees at the recent 2019 Actuarial Society of South Africa Convention that ...
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Top tips if you’re considering a medical scheme or benefit change

Published: Thu, 24 Oct 19

With most medical schemes having recently announced their increases for 2020 at an average of 10% as well as any changes to their benefit options, you may be considering a review of your healthcare cover and whether it still meets your needs and budget. Before making any changes, it is crucial to thoroughly investigate ...
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2019 – Customer Satisfaction Index for Medical Schemes Shows Underwhelming Performances

Published: Thu, 17 Oct 19

Customer satisfaction and price tolerance is declining while utilisation is increasing   Medical schemes are facing tremendous pressure in a low growth market where customer expectations and utilisation are very high and increasing, while loyalty is on the decline as a result of lower price tolerance. ...
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South African Employer Medical Benefit Costs to Increase 10 Percent in 2020, Aon Survey Forecasts

Published: Fri, 27 Sep 19

Employer-provided medical benefit costs in South Africa are forecasted to rise 10 percent in 2020, outpacing the annual general inflation rate by 4. 6 percent, according to the 2020 Global Medical Trend Rates Report released by Aon plc (NYSE: AON). “The Medical Trend rate in South Africa for 2020 is ...
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Short-term insurance savvy goes the distance

Published: Wed, 11 Sep 19

Short-term insurance savvy goes the distance In the spirit of Spring, here are some top tips for women to follow to refresh their short-term insurance cover, while staying both cost-effective and safe. Relook luxury and upgrade your outlook It can be very expensive to specify items like cell phones, notebooks, ...
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Gender matters: For Women, healthcare and retirement planning challenges are often greater and more complex

Published: Mon, 09 Sep 19

Women typically face a greater retirement savings shortfall than their male counterparts. A longer life expectancy coupled with lower compensation throughout their lifetime creates a larger financial burden over a longer period compared with the needs of male retirees. In addition to earning less, on average, ...
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Introducing Our New Website!

Published: Mon, 29 Jul 19

The Insurance Gateway® team is excited to share our new website with you. Given our strategic objectives for 2019 and the fact that our last website redesign was over five years ago, we decided on a much anticipated mid-year launch. za was founded in 2005 by the late Michael Stoker as an insurance and financial ...
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Understanding non-disclosure

Published: Wed, 17 Jul 19

It is sometimes, incorrectly, thought that mere non-disclosure by an insured of any fact/s entitles the insurer to avoid the insurance policy. This is not so. The non-disclosure, or if it is a positive false disclosure, the misrepresentation, must be wrongful. It is not sufficient that it is simply false or misleads ...
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Risk management for the healthcare industry: the importance of checklists

Published: Tue, 16 Jul 19

Surgery is becoming ever more sophisticated and complex, and the rise of the super-specialist surgeon complements a modern world in which what we know about the human body is constantly evolving and improving, says Aneesa Bodiat, head of Legal at Natmed Medical Defence. But the success of surgery is never guaranteed, ...
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Managing the medical malpractice litigation crush

Published: Mon, 08 Jul 19

Readers will have read of the enormous pressure placed on both the public and private healthcare sectors by an ever-increasing number of medical malpractice claims and quantum of awards or settlements of those claims. The contingent liability of the Provincial Health Departments for medical malpractice claims is astounding, ...
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FSCA appoint the new Divisional Executive for Conduct of Business Supervision

Published: Fri, 28 Jun 19

FSCA commissioner, Mr Abel Sithole has appointed Ms. Kedibone Dikokwe as the Divisional Executive: Conduct of Business Supervision, effective from 1 July 2019. This is the division that supervises the way financial institutions interact with their customers. Dikokwe will oversee the implementation of the FSCA's ...
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