As South Africans become more accustomed to transacting online, coupled with an increase in brand awareness by direct insurers across multiple digital channels, we are noting a marked increase in SME owners purchasing business insurance online.
The Treasury and the Financial Services Board (FSB) have called for more responsible and transparent pricing on consumer credit insurance, and may introduce new regulations for retailers offering credit or businesses providing unsecured loans.
The Treasury published its 2014 budget update on retirement reforms on 14 March but the deadline for the first two policy documents has been missed‚ as a rigorous consultation phase within the industry continues.
Bankmed, the closed medical scheme that services the banking sector, has achieved a significant milestone in the South African market - the celebration of 100 years of looking to their members' health.
Developing customer-facing mobile applications remains the third most important technology priority for insurers. Rhys Collins, Head of African Operations for SSP, says in Africa this would be second or first...