Insurance & Actuarial News in South Africa

Kelly Preston, data analytics manager at SilverBridge

Changing customer behaviour through meaningful data

Merely having access to data is no longer good enough to be competitive in the insurance market. The data must be combined with meaningful analysis that enables better insights on what customers want...

2 days ago

Changing customer behaviour through meaningful data

Information regulator requests urgent meeting with Liberty

The information regulator says it has requested an urgent meeting with Liberty Holdings to get an understanding of how its data was breached by hackers at the weekend...

19 Jun 2018

CompareGuru team return with SA price comparison startup MoneyPanda

Ryan Marx, Jax du Plessis and Duane du Plessis know all about price comparison, having been the team behind pan-African platform CompareGuru...

By Tom Jackson 18 Jun 2018

New laws will level the insurance playing field

The Financial Sector Regulation Bill (Twin Peaks) and the new Insurance Act of 2018 will play significant roles in creating a level playing field for financial providers, including insurers...

12 Jun 2018

5 ways insurtech will enhance the client experience

Insurtech is ushering in a new era of client experience...

11 Jun 2018

AfriGIS partners with insurance companies helping them to be customer centric

AfriGIS assists to improve customer experience, provide proactive customer service, help customers minimise claims, process customer claims quickly and efficiently, save time and money...

Issued by AfriGIS 7 Jun 2018

Santam faces challenge for customer satisfaction top spot

Traditional insurers Discovery Insure, Old Mutual Insure, Outsurance, as well as niche company Virseker are all challenging Santam for the top spot...

29 May 2018

Ron McLaren, long-term insurance ombudsman

OLTI collected R193.3m for insurance claim complainants in 2017

The Ombudsman for Long-term Insurance (OLTI) collected R193.3m for complainants amid the strain of staff losses, says Ombudsman, Ron McLaren, ahead of the release of the body's 2017 Annual Report.

16 May 2018

Natural catastrophes a top risk for engineering, construction, real estate businesses

Risks of storms, earthquakes and floods are a top concern for businesses...

15 May 2018

The difficulty of insuring a drone in South Africa

Your drone probably cost quite a bit of money and you want to insure it. But, insurers are making it impossible for you to do so. Why...?

By Jason Snyman 14 May 2018

Tanzania's new mining laws signal sweeping changes

Three new laws, enacted by the country's national assembly in July 2017 under a certificate of urgency, will have a profound impact on Tanzania's resources sector...

By Peter Leon 4 May 2018

Fairlady Santam Women of the Future 2018 Awards open for entries

Entries are open for Fairlady and Santam's Women of the Future 2018 Awards...

2 May 2018

Dustin Homer, director: client solutions for Fraym

Africa's growing healthcare insurance market

Rising levels of education, improving salaries and rapid urbanisation mean that health insurers and the private healthcare facilities they work with are commanding an increasing share of health services in Africa...

By Dustin Homer 17 Apr 2018

Mobile will change the face of insurance

Many insurers still rely on traditional methods to reach customers, despite a very competitive African market...

9 Apr 2018

New platform API simplifies launching digital insurance products

Technology company, Root has launched Root Insurance, a new platform API that enables software developers to rapidly prototype and launch digital insurance products into the SA market...

6 Apr 2018

Call for comment on amended insurance regulations

National Treasury on Friday published the draft amendments to the Regulations in terms of the Long-term Insurance (LTI) and Short-term Insurance (STI) Acts...

27 Mar 2018

LaunchLab invites entrepreneurs to pitch startup ideas

The Stellenbosch University LaunchLab is inviting entrepreneurs to pitch their startup business ideas in multiple industries and stand the chance to win incubation support to the value of R50,000...

23 Mar 2018

Yusuf Bodiat, acting CFO of Lion of Africa

VAT poses headaches for short-term insurance industry

One of the most notable announcements in the 2018 Budget Speech was the increase of the VAT rate from 14% to 15%, effective 1 April 2018...

By Yusuf Bodiat 16 Mar 2018

7 things that can invalidate your life insurance

Life insurance protects your loved ones against outstanding debts and living expenses should you pass away. Here are 7 Things that can invalidate your life insurance policy - make sure to address them before it's too late!

Issued by Old Mutual iWYZE 8 Mar 2018

Adrian Gore, CEO: Discovery. Photo: BusinessLIVE

Discovery offers aid in public health

Discovery CEO Adrian Gore says he would welcome the opportunity to partner with the government in scaling some of the insurer's healthcare innovations across the public sector, at no financial benefit...

22 Feb 2018

Banks and insurers under fire

The Competition Commission is gearing up to play hardball with banks and insurance companies, saying on Thursday that the days for talking were past and it had prioritised the financial services sector for "enforcement"...

By Hanna Ziady 19 Feb 2018

EmptyTrips launches SureFox cargo insurance

Launched today, SureFox Instant Cargo Insurance, powered by EmptyTrips, aims to make enterprise cargo insurance accessible online...

15 Feb 2018

Alexandra Schudel, Head of Financial Lines and Casualty at Chubb Insurance SA

Clinical trial insurance: A vital safety net for trial participants and owners

Although years of research goes into reducing the risk that such trials represent to their human subjects before tests are conducted, there is an inherent risk in every clinical trial that demands bespoke clinical trial insurance...

25 Jan 2018

Watercraft owners and skippers should manage risks this summer

With summer in full swing, many South Africans are enjoying increased time on the water. With that in mind, boat owners need to ensure that their risks are properly managed...

By Lynda Brown 24 Jan 2018

Europ Assistance South Africa appoints new CEO

Europ Assistance South Africa has appointed Jacques Preyser as its new CEO, effective 1 February 2018...

24 Jan 2018

Why choosing the right insurance formula is essential to mining projects

The turnaround in the mining and resources sector was predicted by the World Bank in early 2017...

15 Jan 2018

Liberty's financial chief quits

Just seven months after the high-profile resignation of its CEO, Liberty Holdings has announced the departure of the group's finance director, Casper Troskie...

By Ann Crotty 11 Jan 2018

#BizTrends2018: Tech shakes up the insurance industry

The insurance sector has often been pegged as a conservative industry, immune to the vagaries of the technological innovations that have taken multiple industries by storm over the last few decades.

10 Jan 2018

Disaster mayhem doubled in 2017: Munich Re

FRANKFURT - Financial pain inflicted by natural disasters worldwide almost doubled in 2017, German reinsurance giant Munich Re said, with a new record in losses from weather-related catastrophes...

5 Jan 2018

Mind the gap: Demarcation Regulations and universal healthcare

A healthy nation is a cornerstone of socioeconomic growth, and besides ensuring basic services such as clean water and sanitation, quality healthcare is also a right...

2 Jan 2018

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