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Press Room (Page 2)

Press Archive »

GENRIC Insurance set to add some “life” to the life insurance market

Published: 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 claims

Published: 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 Policy

Published: 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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Stash by Liberty takes top honours at global customer experience awards.

Published: Thu, 03 Jun 21

The Liberty Group's innovative Stash app has won two global awards for offering outstanding customer experience in the insurance industry. The 2021 Digital CX Awards saw the Stash app win the Outstanding Customer Experience Transformation in Insurance Award, as well as the Best Insurtech for Digital ...
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1Life, LifeQ and Samsung South Africa launch Covid-19 screening app as SA is expected to enter a 3rd wave

Published: Wed, 02 Jun 21

1Life, together with LifeQ, using a Samsung Galaxy Watch Active 2 device, have launched a first-in-SA Covid-19 screening app. It uses unique models derived from users’ biometric data to give them an indication of changes in their health, enabling consumers to take proactive precautions in the event of potential ...
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From the Desk of the Chief Executive: Viviene Pearson

Published: 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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BrightRock celebrates 10 years and attributes its success to financial advisers

Published: Tue, 01 Jun 21

As it celebrates 10 years in the life insurance business, needs-matched insurer BrightRock attributes its success to financial advisers Needs-matched life insurer, BrightRock, celebrates its tenth anniversary today. Founded in 2011 BrightRock has stayed true to its roots of living and loving change over the past ...
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Majority of local investors miss out on strong stock market recovery

Published: Thu, 27 May 21

The local Collective Investment Schemes (CIS) industry reported net inflows of R13. 69 billion in the first three months of this year, taking to R203. 83 billion the total net inflows for the 12 months to the end of March 2021. The CIS industry statistics for the quarter and year ended March 2021, released today by ...
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TIME TO SWITCH IT UP?

Published: Wed, 26 May 21

South Africa, xx May 2021: After a year of lockdowns, a lot of South Africans have vastly changed circumstances. Many are clocking up fewer kilometres now that they’re working from home, others are looking to cut costs in the current economic climate. And some have even made dramatic changes, like moving out ...
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Build life insurance into your long-term financial planning

Published: Mon, 24 May 21

Create financial stability for your family by making life insurance part of your long-term financial planning, says Old Mutual.   Life insurance is a necessary part of financial planning, as it helps families remain financially resilient over the long term after a breadwinner has passed.   Positive ...
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The Anti-Money & Financial Crime Southern Africa Conference

Published: Thu, 20 May 21

Support from insurance companies again expected for Anti-Money Laundering and Financial Crime Southern African Conference 2021 Trade Conferences International (TCI) is hosting its well-known flagship event on anti –money laundering again this year after a break last year due to COVID. The Anti-Money ...
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The Fulcrum Group Appoints Managing Director Designate of Fulcrum Collect (Pty) Ltd

Published: Thu, 20 May 21

The Fulcrum Group would like to announce with effect 1 May 2021, the appointment of Jade Jensen as Managing Director Designate of Fulcrum Collect, the premium collections business of the Fulcrum Group of companies. Jensen, who has been Fulcrum Collect’s General ...
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Old Mutual’s risk cover claims pay-out soars to over R14 billion in 2020

Published: Wed, 19 May 21

Old Mutual today announced that it paid R14 billion in risk cover claims in 2020. The pay-out includes underwritten, non-underwritten and corporate claims and represents a year-on-year increase of 24%. On releasing its claims statistics for 2020, the group said that several trends relating to the spread ...
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Planning for emergencies should still be prioritised now more than ever

Published: Wed, 19 May 21

The outbreak of the Covid-19 pandemic and its subsequent economic impact has had a profound impact on the culture of household savings in South Africa, which was already lacklustre even prior to 2020. Statistics South Africa has revealed that the household saving rate in the country has decreased to 0. 50% in the ...
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Liberty's claim statistics show a significant increase in retrenchment and mortality

Published: Wed, 19 May 21

Liberty's claim statistics for 2020 show a significant increase in retrenchment and mortality claims following the beginning of the COVID-19 pandemic and hard lockdown in April, which had a substantial impact on the country's economy. 34 billion in claims to its individual clients under the flagship Lifestyle ...
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SAIA Bulletin - April 2021

Published: Tue, 04 May 21

During April we celebrated Earth Day and our President, Mr Cyril Ramaphosa, joined some more than 40 world leaders at a climate summit convened by US President, Mr Joe Biden, to discuss the global climate change effort in the run-up to the next international climate conference taking place in Glasgow, Scotland in ...
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Ease of funeral claims in a growing claims environment

Published: Wed, 14 Apr 21

Wednesday, 14 April 2021 - International trends show a significant possibility of a resurgence of Covid 19 hitting South Africa in the next few months. Considering the significant increase in life insurance and funeral claims over the past year, and especially during the second wave, it is now more crucial than ever ...
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Technical Excellence – Principles and Practice

Published: Mon, 12 Apr 21

Technical excellence is a term that is often cited in insurance, and especially so in relation to AGCS’s international clients with their complex risk profiles. But while it is frequently used, what does it truly mean in this context? AGCS’ Chief Underwriting Officers, Renate Strasser and Tony Buckle, ...
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SAIA Bulletin -  March 2021

Published: Wed, 07 Apr 21

From the Desk of the Chief Executive: Viviene Pearson   In its report titled: Economic Conditions Outlook, March 2021, ...
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