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Press Room

Press Archive »

Understanding the difference between life insurance and funeral cover

Published: Thu, 19 May 22

Insurance - Life insurance and funeral cover should not be viewed as competitors, there is space for both in the South African market. In fact, once understood, most people will realise they probably need both. At its most simple, the purpose of funeral cover is to provide a lump sum that can be used to pay for costs ...
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Find out about the latest technology trends and challenges within the AML landscape

Published: Wed, 11 May 22

As technology changes and advances so does the game of money launderers. The role of emerging technology in financial crimes have the potential to make anti-money laundering (AML) and counter terrorist financing measures (CFT) faster, cheaper and more effective. The upcoming AML & Financial Crime Southern ...
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Life insurers uncover record numbers of fraudulent and dishonest claims in 2021

Published: Tue, 10 May 22

South African life insurers detected 4 287 fraudulent and dishonest claims worth R787. 6 million across all lines of risk business in 2021. This is a significant increase from 2020, when 3 186 cases of fraudulent and dishonest claims to a value of R587. The fraudulent and dishonest claims statistics for 2021, released ...
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SAIA Bulletin - April 2022

Published: Fri, 06 May 22

Following the floods disaster that took place in the coastal province of KwaZulu-Natal during the Easter weekend, most residential houses or properties impacted are yet to be restored as insurers continue to work meticulously to ensure that policyholders get the attention they deserve during this challenging period ...
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South Africa’s looming public health crisis highlighted by a Karoo community

Published: Wed, 04 May 22

South Africa's looming public health crisis highlighted by a Karoo community with the highest rates of Non-Communicable Diseases in the country The number of South Africans suffering from diabetes increased by 257% in the decade to 2019, while cancer and cardiovascular illnesses are responsible for 55% of ...
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FSCA Press Release

Published: Wed, 27 Apr 22


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FSCA Press Release

Published: Mon, 25 Apr 22

FSCA warns the public against Bitminer Blockchain Core.
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FSCA Press Release

Published: Mon, 25 Apr 22

FSCA warns the public against CRYPTOSATRADE.
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FSCA Press Release

Published: Mon, 25 Apr 22

FSCA issues public warning against Ngomti Funeral Home (Pty) Ltd.
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FSCA Press Release

Published: Mon, 25 Apr 22

FSCA issues public warning against Sabelo Agrippa Ngwenya and Croc Gold (Pty) Ltd.
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SAIA Bulletin - March 2022

Published: Wed, 06 Apr 22

The prevalence of underinsurance has become more evident over the last few years. This was amplified by the losses suffered due to fires and floods in KwaZulu Natal, but perhaps more particularly, the losses resulting from the Covid-19 pandemic, and the ensuing business interruption (BI) claims. These phenomena continue ...
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FSCA Press Release

Published: Thu, 31 Mar 22

FSCA warns the public against Above and Beyond Trading Funeral Undertakers (Pty) Ltd.
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FSCA Press Release

Published: Fri, 25 Mar 22

FSCA warns the public against individuals impersonating Citadel Investment Services (Pty) Ltd.
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FSCA Press Release

Published: Wed, 23 Mar 22

FSCA warns the public against Gift of Legacy.
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FSCA Press Release

Published: Tue, 22 Mar 22

PLAY YOUR PART THIS MONEY SMART WEEK Invitation for organisations to participate in MSWSA 2022 Money Smart Week 2022 – 29 August to 4 September 2022.
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World Sleep Day - The dirty 30s will rob you of your sleep!

Published: Fri, 18 Mar 22

Research shows South African is a sleep-compromised nation   Recent insights by LifeQ and 1Life Pulse indicate that only 40% of South African consumers are getting the recommended amount of sleep each night, with people younger than 30 getting the most sleep – over 7 hours a night!    If ...
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FMI rebrands to Bidvest Life, eyes greater market share

Published: Thu, 17 Mar 22

Life insurer FMI has officially rebranded itself to Bidvest Life as it looks to unlock growth opportunities, raise its profile in the local market and better connect the company with its customers, Independent Financial Advisers (IFAs), and other stakeholders. FMI, which was one of the first insurers in ...
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2021 BrightRock Business Results

Published: Tue, 15 Mar 22

Needs-matched life insurer BrightRock announces growth in 2021, despite a challenging time for the life insurance industry Key performance indicators Total cover in force across its individual life, group risk and funeral businesses exceeds R380 billion, up by 8. 5% from 2020, with total annualised premium ...
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Needs-matched life insurer BrightRock announces growth in 2021, despite a challenging time for the life insurance industry

Published: Tue, 15 Mar 22

Key performance indicators Total cover in force across its individual life, group risk and funeral businesses exceeds R380 billion, up by 8. 5% from 2020, with total annualised premium income now at R2. 03 billion Total claims paid of more than R1. 2 billion in 2021 alone – total claims paid to date ...
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Life insurers report a surge in death claims during COVID-19 third wave

Published: Mon, 14 Mar 22

South African life insurers reported a 53% surge in death claims for the six months between 1 April 2021 and 30 September 2021 when compared to the same period in pre-COVID 2019. The Rand value of these claims increased by 127%. Commenting on the death claims statistics released today by the Association for Savings ...
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