Understanding the difference between life insurance and funeral coverPublished: 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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SAIA Bulletin - April 2022Published: 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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SAIA Bulletin - March 2022Published: 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 ReleasePublished: Fri, 25 Mar 22 FSCA warns the public against individuals impersonating Citadel Investment Services (Pty) Ltd.
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FSCA Press ReleasePublished: 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 sharePublished: 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 ResultsPublished: 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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Life insurers report a surge in death claims during COVID-19 third wavePublished: 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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