As coronavirus threatens jobs, some insurers halt sales of retrenchment cover

2020-04-08 21:49

Some of South Africa's insurers have stopped selling retrenchment cover as the novel coronavirus threatens to accelerate the rate of unemployment in the country. Liberty said it has become very difficult to assess the potential risks and related cover for new clients.

Desperate insurers use loopholes to sneak in business during lockdown, says watchdog

2020-03-30 21:15

The Financial Sector Conduct Authority has warned that insurers who continue with non- essential services like collecting blood samples for underwriting purpose are worsening the burden of laboratories and will be subjected to "appropriate regulatory action".

Businesses are feeling the pinch of coronavirus already - but insurance may not cover their losses

2020-03-21 08:21

Business interruption policies may not cover damage arising from the consequences of coronavirus.

Australian bushfires hit earnings of OUTsurance majority shareholder RMI

2020-03-12 18:02

Rand Merchant Holdings, which is a majority stakeholder of OUTSurance reported a 14% decline in headline earnings per share for the six months ended 31 December 2019.

Load shedding is ruining TVs, monitors, routers - and food

2020-02-18 06:50

Food and expensive computers are also at risk.

Entrepreneur wants to help South Africans get in the savings habit

2020-02-02 19:45

Solvency, a new emerging financial services company, was founded by Mutoda Mahamba.

Protecting little ones on the move

2020-01-14 10:04

Go Cover is the world’s first on-demand accidental injury and death cover, providing instant peace of mind.

Do life insurance policies cover suicide as a result of depression?

2019-12-16 12:00

According to a recent study by The South African Depression and Anxiety Group (SADAG) depression affects one in four South African employees.

South Africans are renting dead bodies to scam life insurers

2019-12-10 11:29

Life insurers rejected 1,915 funeral claims worth R176.4 million in 2018, of which 1,127 were found to involve fraudulent documentation.

Alexander Forbes: We have turned a corner

2019-12-09 16:16

Despite recording only a 1% increase in operating income and 3% operating profit from its remaining businesses, Alexander Forbes CEO, Dawie de Villiers said given where the company comes from, he thinks it's finally delivering to shareholders.


Sanlam announces new CEO among other sweeping leadership changes

2020-03-31 10:31

The decision comes months before current CEO Ian Kirk’s five-year contract was scheduled to end in December.

Sanlam warns of Covid-19 impact on growth, but says it has a R760m pandemic reserve

2020-03-30 13:14

Both Sanlam and Santam have warned that the Covid-19 outbreak will impact growth prospects. However, both insurers say they are well capitalised to weather the storm.

Make sure your business cover is airtight when claiming over coronavirus, expert warns

2020-03-15 15:33

Webber Wentzel partner for insurance Raynold Tlhavani said businesses must ensure they are indemnified under their business interruption insurance policies for damages arising from the disruptions caused by COVID-19.

Regulator issues warning about funeral parlour, burial society

2020-03-11 19:42

The Financial Sector Conduct Authority warns the public not to conduct financial services business with Masibekele Funeral Parlour and MISI Burial Society.

Flight Centre selling SAA tickets again

2020-02-14 16:06

Flight Centre has decided to start selling SAA tickets again as its preferred travel insurer reinstated travel supplier insolvency cover to the state-owned airline.

Outsurance, DA MP settle dispute over 'blood-soaked' car claim

2020-01-15 05:00

Outsurance has resolved a claim dispute with DA MP Cameron Mackenzie, who survived a shooting and attempted robbery that caused damage to his car after the insurer initially turned down his claim.

Buying a car? Read carefully before you sign on the dotted line - Wesbank

2019-12-28 20:42

When buying a car, you might find unfamiliar information, which could cause you to overlook the finer details of what you are actually buying, warns Wesbank.

Corpses bought or rented to commit insurance fraud

2019-12-10 12:57

Reports from life insurers show the "buying and renting of dead bodies" for the purpose of obtaining fraudulent death certificates is a popular modus operandi.

Don't get a nasty surprise! How to understand insurance jargon

2019-12-09 23:37

Are you sure you know what the "insurance speak" in your policy means?

How not to cycle through your savings should an accident occur

2019-12-09 00:00

Irrespective of whether you’re attempting the Epic, or setting out on a recreational ride, mountain biking comes with myriad risks. That’s why it’s best for riders to have cover in place every time a ride is planned.

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