Time for IFAs to put income protection at the top of the agendaPublished: Mon, 04 Oct 21 Income protection should be the priority when it comes to life insurance for every income-earning South African - and financial advisers play a key role not only to educate their clients about the cover available to them but also to foster a broader conversation in the industry around the benefits of income protection ...
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ESG: What do boards need to know?Published: Tue, 14 Sep 21 Environmental, social and governance (ESG) metrics can be hard to measure, but the risks surrounding them are increasing, as governments and citizens exert pressure on business to change their ways for the greater good. Allianz Global Corporate & Specialty’s (AGCS) latest report (attached), ESG Risk Drivers, ...
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WHY SOUTH AFRICA’S CONFIDENCE RUNS DEEPPublished: Tue, 24 Aug 21 Sanlam is not only confident about South Africa’s future, electing to invest in the country – but says there are strong signs that growth prospects in South Africa and Africa are imminent and real. At a recent Sanlam Financial Confidence webinar, Sanlam Retail Affluent Chief Executive Officer, Anton Gildenhuys ...
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The future of life insurance in a post-Covid worldPublished: Thu, 19 Aug 21 Covid-19 has had ‘a significant impact’ on the life insurance industry, with sharp increases in retrenchment claims, death and funeral claims, and disability income claims for people booked off work for a few weeks after contracting the illness. “This has seen insurers becoming more conservative ...
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SANLAM INDIVIDUAL LIFE PAID OUT R4.75 BILLION IN CLAIMS IN 2020Published: Thu, 12 Aug 21 The group saw a 60% increase in funeral claims, which it has largely attributed to Covid-19
In 2020, Sanlam Individual Life paid out 99% of all death and funeral claims. It paid R4. 75 billion in total claims, with R3. 9 million for disability, loss of income and impairment claims; and R386 million for ...
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Rights and responsibilities under the data privacy lawsPublished: Wed, 11 Aug 21 Over the years, data privacy and protecting personal information has become increasingly important, both from a business and client perspective. The Protection of Personal Information Act 4 of 2013 (POPI) was gazetted in South Africa in 2014 with the intention to protect your data privacy rights as well as your personal ...
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Getting quality life cover for your client living with diabetesPublished: Wed, 28 Jul 21 Diabetes is a challenging and lifelong condition to manage and impacts on virtually every aspect of daily living. It is also a serious and high-risk condition due to the number of co-morbidities that exist alongside it. It is this complexity and co-morbidity risks that have made getting life insurance cover for people ...
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NEW DEPUTY OMBUDSMAN FOR LONG-TERM INSURANCEPublished: Wed, 28 Jul 21 The Ombudsman for Long-term Insurance (OLTI) has announced that their Council appointed Denise Gabriels as Deputy Ombudsman under Ombudsman Judge Ron McLaren, with effect from 1 August 2021.
Gabriels who has spent many years as a customer-centric legal professional in the life insurance and pension funds ...
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Genasys revealed as tech partner behind insurtech life insurer BequestPublished: Wed, 30 Jun 21 Genasys has been revealed as the technology partner fuelling the ground-breaking life insurance proposition recently launched by insurtech, Bequest. Bequest is a life and end-of-life estate management provider for the digital generation, bringing together a person’s life administration, family planning, wealth ...
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GENRIC Insurance set to add some “life” to the life insurance marketPublished: Wed, 23 Jun 21 As consumers look to the market for products that meet their changing needs, insurer expands its partnership model to help entrepreneurs and insuretechs create them.
GENRIC Insurance Company, which has successfully launched multiple non-life insurance products through its partner-focussed business model, ...
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Free Online Discussion – recent regulatory impact on claimsPublished: Thu, 17 Jun 21 Learn about the recent regulatory impact on claims by joining us online this Friday 18 June 2021. The amended Policyholder Protection Rules promulgated under section 55(5) of the Short-term Insurance Act as amended and currently in operation, alongside several key board notices has far-reaching implications when it ...
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The Implications Of Overloaded Vehicles On Your Insurance PolicyPublished: Fri, 11 Jun 21 Overloading – it’s a common occurrence on our roads. If we don’t drive past an overloaded bus, taxi or truck, then we read about another horrific accident caused by one. Hundreds of passengers lose their lives every year, and numerous transport owners count the cost of claims being rejected based ...
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Supporting Brokers In Optimising The Claims Experience Of Their Clients.Published: Mon, 07 Jun 21
TANSA is a team of dedicated professional Attorneys, Forensic accountants, Disaster Claims Experts and Insurance Specialists focused on Insurance Claims & Dispute Resolution. Their mission is to support brokers in optimising the claims experience of their clients. They collaborate with brokers to effectively ...
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From the Desk of the Chief Executive: Viviene PearsonPublished: Tue, 01 Jun 21 The government kicked off its phase 2 of the COVID-19 vaccinations in earnest during May 2021, with minimal people in the 60+ age group registering discontent. It is pleasing to know that the government had progressed from the “talk and planning” to execution mode. As the non-life insurance industry body, ...
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