Actuarial & Insurance news

Your industry

Subscribe to industry newsletters

Bizcommunity has over 400 industry contributors and we always welcome further contributions and contributors.


Sanlam eyes move into Zimbabwe
Sanlam eyes move into Zimbabwe

Sanlam Emerging Markets says it is looking to expand into Zimbabwe in the next year or two after its Kenyan subsidiary made an acquisition in a short-term insurance business in the east African country...

By Phakamisa Ndzamela 23 Mar 2015 11:55

Quality data is vital to decreasing fraud in the insurance industry
Quality data is vital to decreasing fraud in the insurance industry

Businesses and consumers alike typically consider insurance to be a grudging purchase - something they need to have, but that does not add value...

By Ian Logan 11 Mar 2015 07:47

Hollard Insurance signs agreement with Tokio Marine
Hollard Insurance signs agreement with Tokio Marine

Hollard Insurance has signed a business relationship agreement with Tokio Marine & Nichido Fire Insurance, Japan's oldest insurance company...

26 Feb 2015 08:19

Vodacom takes insurance market bull by the horns
Vodacom takes insurance market bull by the horns

Vodacom's insurance unit aims to grow at 30%-40%, adding another revenue stream as the growth rate in voice revenue slows down...

6 Feb 2015 11:54

'Renovating' your home insurance policy
'Renovating' your home insurance policy

Thinking of renovating? Consider how this will affect your insurance needs, both during and after the renovations...

5 Feb 2015 13:45

'Valuable business to be done in Africa'
'Valuable business to be done in Africa'

Africa is considered a potentially lucrative market for many industries and a number of South African companies have been positioning themselves to offer products and services to the rest of Africa...

30 Jan 2015 09:21

Tips to reduce compliance risk
Tips to reduce compliance risk

According to my records, this is now my eighth year of dispensing my top compliance tips for the coming year. As with previous years, they are in no particular order of importance, and come with no implied warranties or guarantees...

By Richard Rattue 23 Jan 2015 09:01

Five things insurance companies should know about building apps - Realmdigital
Five things insurance companies should know about building apps

The time is ripe for the insurance industry to start producing mobile apps that are on par with the expectations of consumers. Here are tips for those looking to create mobile apps for the insurance space...

Issued by Realmdigital 21 Jan 2015 13:41

Hollard, IVM extend operations into Ghana
Hollard, IVM extend operations into Ghana

IVM Intersurer has extended its footprint into the West African country of Ghana following the acquisition of a majority stake in The Metropolitan Insurance Company (Met Insurance)...

21 Jan 2015 11:20

Businesses must safeguard against losses due to load-shedding
Businesses must safeguard against losses due to load-shedding

As load-shedding becomes a regular occurrence, businesses and property owners must seriously consider revising their current insurance policies to ensure that they are covered in the event of injury or losses resulting from load-shedding...

16 Jan 2015 12:51

Environmental challenges mean sustainable farming practices are non-negotiable
Environmental challenges mean sustainable farming practices are non-negotiable

When combined with the pressure on land and water resources due to population growth and urbanisation, and the massive degradation of roughly a quarter of the world's agricultural land, the challenges farmers face around the world are immense...

By Zhann Meyer 15 Jan 2015 10:45

Insurance investor RMI's stock tipped to perform well
Insurance investor RMI's stock tipped to perform well

Rand Merchant Insurance Holdings has been an outperformer in its sector since listing in 2011 and analysts believe the stock will keep doing well as it offers entry to a diversity of quality insurance stocks and minimises the risk and volatility of holding one insurance company directly...

9 Jan 2015 14:00

The insurance industry in 2015
The insurance industry in 2015

The short-term insurance industry is the grease which ensures that the economy functions successfully: it enables businesses to manage their risks and to focus on what they do best...

By Adam Samie 12 Dec 2014 06:43

Businesses should realise liability arising from blackouts
Businesses should realise liability arising from blackouts

Although Eskom is the sole accountable party for the provision of electricity, businesses and commercial property owners fail to realise the possible liability that may arise from blackouts...

11 Dec 2014 11:48

Claims surge as load hits the shed
Claims surge as load hits the shed

Insurance companies have seen an increase in surge-related claims over the past five years, some paying out millions following recent load-shedding schedules...

11 Dec 2014 09:50

SAIA CEO steps down, joins Fulcrum
SAIA CEO steps down, joins Fulcrum

CEO of SAIA Barry Scott will be leaving SAIA at the end of November 2014. Scott will be joining the Fulcrum Group effective 1 December.

20 Nov 2014 07:21

'Digitisation' could lead to a decrease in Motor insurance premiums
'Digitisation' could lead to a decrease in Motor insurance premiums

The price of motor insurance could decrease once South Africa's motor insurers begin sharing data and implement a process of placing all driving records and policy details online...

17 Nov 2014 16:53

Importance of effective labour dispute insurance
Importance of effective labour dispute insurance

The staggeringly high case-load at the CCMA highlights the importance of having effective labour dispute insurance in place, says underwriting executive Simon Colman...

12 Nov 2014 10:54

Subrogation entitles insurer to certain rights
Subrogation entitles insurer to certain rights

After your insurer indemnifies you in terms of your policy of insurance, your insurer has certain rights. One of those rights is the right of subrogation, either by common law or in terms of the insurance policy.

By Jayne Cross 21 Oct 2014 07:16

Driverless cars not just science fiction
Driverless cars not just science fiction

A recent survey has indicated that 22% of Americans would buy a car with autonomous capabilities, 53% would consider buying such a car, while 25% said they would never consider a self-driving car.

16 Oct 2014 11:10

Opinions divided over state-sponsored pensions
Opinions divided over state-sponsored pensions

South Africans without a pension or provident fund surprised industry analysts when two thirds said they liked the idea of being auto-enrolled into a pension fund.

By Evan Pickworth 3 Oct 2014 12:03

Acquisition of Brolink will improve Santam's efficiency
Acquisition of Brolink will improve Santam's efficiency

Short-term insurer Santam has consolidated its administration businesses under the Brolink brand from 1 October, with Santam remaining uninvolved in operations in order to ensure independence and parity across insurers.

2 Oct 2014 11:30

FAnews launches Apprentice programme
FAnews launches Apprentice programme

If insurance is not already on students' radar as a career choice, it should be. However, the mere word insurance makes people cringe when it is mentioned as a career pathway, but why?

23 Sep 2014 13:37

Camargue's new e-learning platform an industry first
Camargue's new e-learning platform an industry first

With the objective of enhancing professionalism within the industry, Camargue has launched a free online, IISA-accredited training initiative.

23 Sep 2014 10:00

Arthur Els and Genesis announce merger
Arthur Els and Genesis announce merger

Independent South African actuarial firms Arthur Els & Associates (AE&A) and Genesis Actuarial Solutions merged to form ARGEN Actuarial Solutions - two mid-tier specialist companies coming together to create one of the largest independent actuarial firms in Africa.

17 Sep 2014 08:22

Vehicle theft costs insurance industry billions
Vehicle theft costs insurance industry billions

The majority of the R8.5bn worth of vehicles annually stolen and hijacked in South Africa are taken across the border to neighbouring countries.

8 Sep 2014 13:48

Innovative app revolutionising an industry
Innovative app revolutionising an industry

Every so often, a new development emerges that sets out to revolutionise a particular industry. In this instance, it is an app that is proving to be a game changer when it comes to combating fraud within the insurance industry...

Issued by CustomApp 5 Sep 2014 11:14

Sanlam earnings up 27% in six months to June
Sanlam earnings up 27% in six months to June

Diversified life assurance and asset management group Sanlam lifted first-half headline earnings per share (HEPS) by 27% to 214.8c‚ the group announced.

5 Sep 2014 11:04

Insurance schemes hurt medical aids
Insurance schemes hurt medical aids

Medical aid cover could become far more expensive, Wits Professor and Health Economist Alex van den Heever warned at the Board of Healthcare Funders' conference in Durban.

29 Aug 2014 10:24

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

Show more