Vehicle insurance, a risky business - Von Widdern

The combination of new technology with environmental and behavioural risk analysis appears set to redefine risk and the cost of insurance in the South African motor industry. 20 May 2013 14:44

NHI is a reality says Motsoaledi

South Africans should stop wasting time opposing National Health Insurance (NHI)‚ Health Minister Aaron Motsoaledi said on Wednesday (15 May). 16 May 2013 10:07

FSB smacks Old Mutual's wrists

The Registrar of Long-term Insurance has initiated regulatory action against Old Mutual Life Assurance Company of South Africa for non-compliance with its Directive 159.A.i (LT & ST). 22 May 2013 10:26

Assupol gives policy-holders R892m

Pretoria-based Assupol has reached its centenary in style by completing its transition from mutual society to public company and then paying out a cash windfall of R892m to more than 228‚000 qualifying policy-holders who have opted for cash pay-outs instead of holding Assupol shares. 6 Mar 2013 08:42

MMI licence changes approved

The High Court of South Africa in Pretoria has approved the amalgamation of the two main long-term insurance licences of the MMI Holdings. 21 May 2013 11:02

More than 9 000 insurance claims disputed

The Office of the Ombudsman for Short-Term Insurance received 9‚123 complaints against insurers in 2012‚ an increase of 1.7% over 2011‚ according to the watchdog's latest annual report. 23 May 2013 10:14

SA motor trade sales up 5.1%

Measured at current prices‚ South Africa's motor trade sales increased by 5.1% year-on-year in March according to data released by Statistics SA on Thursday (16 May). 17 May 2013 09:33

Synergies required to sell Guardrisk

[Edward West] Alexander Forbes Equity Holdings subsidiary Guardrisk Holdings was "a gem of a business" and offers for the insurer would only be considered if there were synergies and they would leave Guardrisk in a better position‚ Alexander Forbes' chief executive Edward Kieswetter said on Tuesday (21 May). 22 May 2013 10:40

TV series sponsorship: Think out of the box

[Bonnie Ramaila] I have often wondered why TV airtime sales raised sponsorship for the duration of the series' season, and why companies buy into it. At the same time, I have never understood why companies should have those closing and opening billboards before, during and after the programme, until I saw 1st for Women sponsoring the M-Net series 'Revenge'. Yes, I have DStv now and I am progressing within LSM, moving from LSM 4 to LSM 5 - that's when my education on the use of such sponsorships started. 8 May 2013 10:26

Assurance complaints reach record level

The Office of the Ombudsman for Long-term Insurance received 9‚592 complaints against assurance companies in 2012‚ the highest ever and 4% more than in 2011‚ according to its latest annual report. 16 May 2013 09:46

Short-term insurance industry readies for climate change

The short-term insurance industry - spearheaded by the South African Insurance Association (SAIA) and the Financial Intermediaries Association (FIA) - has determined that changing environmental, social and governance (ESG) issues will have a significant impact on the health and sustainability of the industry. 19 Mar 2013 17:09

Cars sales - dealers' confidence falls

[Alexander Parker] Vehicle dealers' confidence dipped in the second quarter‚ WesBank's quarterly vehicle sales confidence indicator showed on Wednesday (22 May). 23 May 2013 09:01

Hail storms, heavy rains prompt spate of claims

[Phakamisa Ndzamela] South Africa's largest and only JSE listed short-term insurer Santam said it had received about 2‚400 claims for R35m for hail damage to cars and homes in Gauteng and storm damage in Port Elizabeth. 7 Nov 2012 10:28