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Regulatory changes face insurance sector
Regulatory changes face insurance sector

Insurance companies and intermediaries are bracing themselves for rapid, far-reaching regulatory changes that are due to be introduced in 2016.

25 Aug 2014 11:05

Women to the fore!

The CA(SA) is becoming a powerful vehicle for gender transformation in South Africa.

25 Aug 2014 10:39

Clientele's new business up 111%
Clientele's new business up 111%

Financial services company Clientele grew its new business to what it says was a record level of R638.2m for the full year to June‚ in a tough economic climate.

By Gillian Jones 20 Aug 2014 11:53

Insurance companies launch development programme
Insurance companies launch development programme

Hollard Insurance Company and Telesure Investment Holdings, owner of Auto & General Insurance, 1st for Women Insurance, Budget Insurance and Dial Direct Insurance, have launched a pilot development programme for small motor body repairers (MBRs).

20 Aug 2014 10:11

Digitisation should benefit everyone in insurance industry
Digitisation should benefit everyone in insurance industry

The South African insurance sector is advised to approach the digitisation journey incrementally rather than as a radical business transformation.

20 Aug 2014 09:25

Insight for the insurance industry
Insight for the insurance industry

A tidal wave of data is drowning the enterprise. A terabyte, maybe two a few years ago, has grown to several petabytes for the larger entities and most cannot cope with the speed and velocity at which this data is coming at them. Moreover, the vast majority of the data is unstructured, meaning that some 80% of data isn't stored in manageable and easy-to-use databases.

14 Aug 2014 14:27

No truth in rumours over nationalisation of pension funds
No truth in rumours over nationalisation of pension funds

Government has no intention of nationaliseing people's pension (or provident) funds, or preventing them from accessing their money, says the Department of Basic Education.

By More Matshediso 14 Aug 2014 08:03

Insurers expect some earthquake claims
Insurers expect some earthquake claims

Hundreds of insurance claims have flooded in after the earthquake that rocked parts of South Africa this week.

By Adele Shevel 14 Aug 2014 05:50

Insurers identify new markets and take new approaches for growth, 2014 KPMG Insurance Survey - KPMG South Africa
Insurers identify new markets and take new approaches for growth, 2014 KPMG Insurance Survey

The short-term insurance industry in South Africa has performed at significantly lower levels compared to last year. This is according to the 17th annual KPMG Insurance Survey...

Issued by KPMG South Africa 12 Aug 2014 11:08

Liberty's BEE earnings up to 664.7 cents a share
Liberty's BEE earnings up to 664.7 cents a share

Financial services group Liberty Holdings grew its black economic empowerment (BEE) normalised headline earnings per share (HEPS) by 10% to 664.7c for the six months to June.

8 Aug 2014 11:55

Accurate data a valuable aid for insurers
Accurate data a valuable aid for insurers

As the market for insurance grew and price and cost pressures rose, insurers and intermediaries could no longer afford the luxury of so much face time with clients, which resulted in a need for critical risk-related insight.

7 Aug 2014 08:53

MiWay CEO honoured for contribution to insurance industry
MiWay CEO honoured for contribution to insurance industry

René Otto, CEO of MiWay, was recently awarded the 2014 COVER Excellence Award in the category Lifetime Contribution to the Short-term Insurance Industry.

6 Aug 2014 08:24

Transnet faces R80bn claim from pensioners
Transnet faces R80bn claim from pensioners

A South African court on granted two pensioners permission to launch a multi-billion-dollar legal action against state-owned logistics company Transnet, which they accuse of stripping their retirement funds.

1 Aug 2014 10:19

Buying online business insurance: Be careful
Buying online business insurance: Be careful

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.

By John Kerby 22 Jul 2014 06:35

Bikers for Mandela Day dedicated to survivors of gender-based violence
Bikers for Mandela Day dedicated to survivors of gender-based violence

Zelda la Grange, DJ Fresh, Saint Seseli, Angie Khumalo, Anele Mdoda, Alex Caige, Clint Cunningham and Johrne van Huyssteen recently donned helmets to take part in 1st for Women's annual biking event.

18 Jul 2014 12:30

New pension fund rules cause confusion for administrators
New pension fund rules cause confusion for administrators

Most companies are in the dark on how to amend payrolls to accommodate the retirement fund and tax reforms coming in March next year‚ according to experts at a "Do or Die" pensions conference.

By Evan Pickworth 15 Jul 2014 11:36

Helping South Africans quit the killer
Helping South Africans quit the killer

Quitting your smoking habit is good news for your health and your pocket.

10 Jul 2014 11:02

Treasury, FSB examines credit insurance sector
Treasury, FSB examines credit insurance sector

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.

By Phakamisa Ndzamela 5 Jul 2014 08:47

MMI now focusing on client needs
MMI now focusing on client needs

Insurance company MMI Holdings had overhauled its business structure to help change it from a product-driven organisation to one more responsive to client needs, Chief Executive Nicolaas Kruger said.

By Gillian Jones 3 Jul 2014 11:38

Deadlines missed but retirement debate continues
Deadlines missed but retirement debate continues

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.

By Evan Pickworth 1 Jul 2014 10:37

Banking on the future
Banking on the future

How does a medical scheme that has just celebrated its 100th birthday continually remain relevant to its members? By using the past to predict, plan and strategise for the future.

Issued by Bankmed 30 Jun 2014 13:40

A healthy 100 years old
A healthy 100 years old

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.

Issued by Bankmed 27 Jun 2014 13:40

Pension funds may finance public infrastructure
Pension funds may finance public infrastructure

South African asset managers are turning to infrastructure investments as pension funds at last develop an appetite for funding public infrastructure.

By Carol Paton 27 Jun 2014 10:00

Forty percent of insurance apps could be abandoned
Forty percent of insurance apps could be abandoned

Developing customer-facing mobile applications remains the third most important technology priority for insurers.

26 Jun 2014 14:27

Should African insurers review their mobile strategies?
Should African insurers review their mobile strategies?

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...

26 Jun 2014 11:10

MTN joins forces with Hollard to innovate in insurance - Hollard Insurance
MTN joins forces with Hollard to innovate in insurance

Hollard Life Zambia has partnered with MTN Zambia to bring an innovative new insurance product to the Zambian market, building on both groups' reputations for customer-focused innovation.

Issued by Hollard Insurance 25 Jun 2014 15:30

MMI buys CareCross group
MMI buys CareCross group

Insurer MMI Holdings has bought the CareCross Health Group for an undisclosed sum‚ which it says will allow it to reduce healthcare costs.

20 Jun 2014 10:28

Nadeson buys stake in Risk Benefit Solutions
Nadeson buys stake in Risk Benefit Solutions

Nadeson Investments has bought a 25.1% stake in Risk Benefit Solutions (RBS), an independent insurance and risk specialist, for an undisclosed sum, in a deal that will raise the broker's empowerment rating.

19 Jun 2014 09:13

SA's people under-insured by R24trn
SA's people under-insured by R24trn

Insurance company Liberty plans to capture more uninsured young people by issuing free cover for a year in the hope that the clients will understand the importance of insurance.

18 Jun 2014 11:18

Sanlam looking to invest in Africa, South-East Asia
Sanlam looking to invest in Africa, South-East Asia

Sanlam says it has R3bn in discretionary capital that is earmarked for growth opportunities mainly in Africa and South-East Asia.

By Phakamisa Ndzamela 6 Jun 2014 11:02

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