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FPI awards – Winners announced

Published: Thu, 29 Oct 20

“We believe that hard work deserves to be rewarded, and that’s why we make sure that we recognise the outstanding achievers in the financial planning industry annually,” according to the Financial Planning Institute of Southern Africa (FPI). On Tuesday night, at a gala dinner that formed part of ...
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Advisors now more dependent on social media

Published: Thu, 29 Oct 20

Advisors now more dependent on social media “Amid the coronavirus pandemic, financial advisors are flocking to social media in order to maintain contact with clients and prospects and to stay abreast of developments in their industry,” according to research released ...
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International Survey maps the future of home and motor insurance

Published: Thu, 29 Oct 20

International Survey maps the future of home and motor insurance A recent Deloitte survey aimed at discovering what customers want, and how COVID-19 has shifted their needs, highlighted that customers favour simplicity. This was the primary finding of a survey of 8 000 customers ...
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What will Finance Minister Tito Mboweni's 2020 Medium Term budget offer?

Published: Thu, 22 Oct 20

South Africa's economic recovery plan The plan is aimed at fast-tracking the recovery of the economy from the devastation caused by the COVID-19 pandemic. It outlines government's plan to revive the economy with short and long-term interventions. If the plan is executed as presented, it is expected to ...
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It's all about Software-as-a-Service (SaaS)

Published: Thu, 22 Oct 20

What is SaaS eCommerce? SaaS stands for Software-as-a-Service, is a software licensing and delivery model in which software is licensed to a user, it’s a way of delivering services which can be accessed via the internet. SaaS applications run on a provider’s servers; eCommerce platforms allow ...
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Introducing Insure Cloud, your SaaS short term insurance platform

Published: Thu, 22 Oct 20

Stepping into the market   During the pandemic COVID-19 many industries along with the insurance sector experienced a time of uncertainty followed by a sudden change and growth in technological and digital space. The heavy reliance on web-based tools and services for our day-to-day interactions; proved ...
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Call for actuaries to collaborate with government to rid South Africa of “wicked problems”

Published: Wed, 07 Oct 20

As the world continues to grapple with the “wicked problems” created by the Covid-19 pandemic, governments able to efficiently mobilise their diverse talent pools appear to be presenting their citizens with better outcomes than those unable to do so, according Lusani Mulaudzi, President of the Actuarial ...
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Beneficiaries of fully underwritten life policies receive R16.7 billion in death benefits in 2019

Published: Wed, 07 Oct 20

South African life insurers paid 99% of all claims against fully underwritten individual life policies in 2019 to a value of R16. 7 billion. The 2019 annual death claim benefit statistics for fully underwritten individual life policies, released this week by the Association for Savings and Investment South Africa ...
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Expert financial advice still recommended – especially in uncertain times

Published: Mon, 05 Oct 20

There's plenty of evidence to prove that a Financial Adviser in your life dramatically increases your ability to manage your finances, especially in challenging circumstances. According to the research company, Columinate, 70% of people using an adviser are more confident about their financial situation ...
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SANLAM PAYS OUT OVER R162-MILLION IN COVID-19 CLAIMS

Published: Tue, 22 Sep 20

South Africa: 22 September 2020: R162-million of COVID-19 related claims were paid by Sanlam Individual Life between March and August 2020; with over R17-million paid to clients for sickness and income protection benefits and over R144 million paid in death and funeral claims.   Petrie Marx, Product ...
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SANDWICH PANELS: A Burning Issue - Understanding the Risk

Published: Thu, 17 Sep 20

Sandwich Panel related fires have resulted in major property damage and business interruption losses over the years. What are Sandwich Panels? Sandwich Panels or Composite Panels are structures made up of three layers: a low-density core and a thin metal or plastic skin-layer bonded to each side. Over ...
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LIBERTY MAKES BOLD DECLARATION IN NEW BRAND REFRESH

Published: Mon, 14 Sep 20

With a pay-off line 'In it with you' the insurer says the time to rely only on just its innovative heritage is gone. It’s time to evolve, to show up better, to connect more and truly be a life partner – especially in times when it feels like the world has turned upside down   September, ...
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1Life research: South Africa’s women are financially savvy with more women having life cover, and keeping it, than men!

Published: Wed, 19 Aug 20

This Women’s Month, 1Life’s research celebrates South Africa’s women by demonstrating that they are financially savvy and leading the way. The research shows that 12% more women have life cover than men. Similarly, women have also been more careful about keeping this cover in place during ...
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The long-term effects of COVID could affect South Africans for years to come

Published: Tue, 18 Aug 20

A report commissioned by Insurer Liberty suggests the long-term health effects of COVID-19 could mean drastic changes ahead for many South Africans. Meanwhile, the medical and financial services industries are going to have to adapt to cope with these effects. 18 August 2020 – The life expectancy of ...
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Transformation Collection During COVID-19

Published: Wed, 12 Aug 20

While COVID-19 has created havoc on society, this change can contribute to positive opportunities in the way we do business within an enterprise moving forward. Rapid Collect can assist SME's and Enterprises with their collection and payment solutions digitally. Our integrated web based systems will ...
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Liberty Drives Hope - and places the needs of ordinary South Africans at the core

Published: Fri, 31 Jul 20

It was a desperate cry for help on Facebook. When Karen Denny, Divisional Executive for Liberty’s Digital Marketing team, first read it, her heart sank. An elderly woman had anonymously poured her heart out, searching for help after she was sexually assaulted by a relative. The woman’s family and friends ...
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SAIA Successfully Holds Annual General Meeting (AGM) 2020

Published: Mon, 27 Jul 20

Johannesburg – At its first ever virtual Annual General Meeting (AGM) held on 23 July 2020, the South African Insurance Association (SAIA) successfully nominated a new SAIA Board of Directors composed of non-life insurance member companies, reinsurance companies and state-owned enterprise chief executives and ...
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POST-PANDEMIC PRODUCTION RELOCATION: AN OPPORTUNITY FOR CEE COUNTRIES?

Published: Mon, 27 Jul 20

Here are the main points addressed in this Coface study:   A favourable context Foreign trade and inclusion in supply chains had already increased for Central & Eastern Europe (CEE) in recent years, boosted by most of its countries’ decision to join the European Union (EU) in 2004. Strong ...
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Lloyd’s approves new specialised syndicate to insure transportation of COVID-19 vaccine to emerging economies

Published: Fri, 24 Jul 20

Lloyd’s, the world’s leading specialist insurance and reinsurance market, today announced the creation and in principle approval* of its newest “syndicate in a box,” Syndicate 1796, set up to insure the storage and transportation of a COVID-19 vaccine once developed to emerging economies. This ...
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Grant Maxwell to lead Alternative Risk Transfer line of business at AGCS

Published: Thu, 23 Jul 20

Grant Maxwell appointed as Global Head of Alternative Risk Transfer at AGCS reporting to Chief Underwriting Officer Corporate Tony Buckle Non-traditional risk transfer solutions increasingly important for multinational corporations Johannesburg/London/Munich/New York/Paris/Sao Paulo/Singapore – 23 July, ...
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