This deadly virus is forcing all of us to take a breath and to slow down, writes Melanie Verwoerd.
High level clouds. Mild.
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.
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".
Business interruption policies may not cover damage arising from the consequences of coronavirus.
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.
Food and expensive computers are also at risk.
Solvency, a new emerging financial services company, was founded by Mutoda Mahamba.
Go Cover is the world’s first on-demand accidental injury and death cover, providing instant peace of mind.
According to a recent study by The South African Depression and Anxiety Group (SADAG) depression affects one in four South African employees.
Life insurers rejected 1,915 funeral claims worth R176.4 million in 2018, of which 1,127 were found to involve fraudulent documentation.
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.
The decision comes months before current CEO Ian Kirk’s five-year contract was scheduled to end in December.
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.
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.
The Financial Sector Conduct Authority warns the public not to conduct financial services business with Masibekele Funeral Parlour and MISI Burial Society.
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 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.
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.
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.
Are you sure you know what the "insurance speak" in your policy means?
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.
Western CapeNDC Personnel & Contractors CC
Cape TownMass Staffing ProjectsR300 000.00 - R350 000.00 Per Year
Cape TownTumaini ConsultingR650 000.00 - R780 000.00 Per Year
R 4 800 000
R 3 700 000
R 2 650 000
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