FSCA focus on finfluencers proves South Africans are desperate for proper financial advice
“The rapid rise of finfluencers on social media shows that ordinary people out there are actively seeking…
"Political violence remains a top 10 global business risk according to our customers because politics is increasingly perceived as being dominated by populism and blame and division, geopolitics by nationalism and a changing world order, and economics by mismanagement, corruption, and continually rising…
“The rapid rise of finfluencers on social media shows that ordinary people out there are actively seeking…
"We all know that using our phones while we're driving is illegal. But did you know that texting while…
"When the travel bug bites, it's easy to forget that travelling comes with its fair share of risks that…
"Underwriting Management Agencies (UMAs) are the backbone of a healthy, competitive insurance industry,…
"Before embarking on a trip, it is essential to ensure that the home is secured. Alarm systems should be tested and activated, and, if possible, a trusted friend or security company should monitor the property," warns Tarina Vlok, Managing Director, Elite Risk Acceptances.
As the year moves into its twilight months, 2025 begins to loom over us, and the insurance industry is…
Assupol understands that the introduction of the two-pot system can be overwhelming and that is why they…
"We invest heavily in culture, talent development and creating an effective workforce. Our culture is a key differentiator that helps us attract and retain talent. I would describe it as inclusive, diverse, safe, caring, supportive, fun and client centric. We want our staff to feel inspired, appreciated…
"A good leader should set a vision for people, so that the employees feel part of something bigger than…
"I first joined Standard Bank in 1995 and have since then held several executive positions including…
A career in insurance is probably the best-kept secret. I started my career in 1998 in a postroom in…
"I feel very fortunate to have had the opportunity to work in a diverse range of roles over the last…
"Forward-thinking insurers are moving away from rigid policies. They're offering more dynamic products that you can change as your life changes. For example, BrightRock offers the first ever needs-matched insurance that changes as your life changes," says Sean Hanlon, Executive Director at BrightRock.
"Our latest claims experience also revealed that clients who reached a Gold or Diamond status experienced…
"Despite these sizeable payouts, our industry remains well capitalised and in a strong position to honour…
“Life insurers face a client base that is ageing. Many providers struggle to retain the healthiest lives…
“Gap cover is by no means new in the market, and many providers target individual consumers. However,…
"The fluid nature of the situation calls for caution before taking immediate action, but we acknowledge that market volatility will present opportunities, as we saw during the market dislocations caused by the Covid pandemic," says Alex Tedder, Chief Investment Officer, Equities at Schroders.
"One of the most appealing aspects of structured products is their ability to balance risk and reward.…
"In South Africa, the disconnect between investor flows and equity market returns reinforced that trying…
"We are excited about the investment in Africa50, as it aligns with our rest of Africa Investment strategy. …
"We have implemented various initiatives within the business which continue to drive significant flows…
With a majority of 98.7% of the votes cast, Swiss Re shareholders have approved the proposal of the Board of Directors to pay out an ordinary dividend of US$7.35 per share for the 2024 financial year, reflecting Swiss Re's strong capital position.
"In 2024, Swiss Re strengthened the foundations of its business while focusing on disciplined underwriting…
"We can look back on a very successful 2024 financial year, in which we grew steadily and generated a…
"The rise of digital financial literacy marks a clear departure from traditional models. Today, influencers can explain the nuances of credit scores in 60 seconds, and fintech apps can approve credit in minutes," says Daniel Hawkins, Head of Marketing at payments platform PayJustNow.
"Whether it’s emergency treatment, ambulance services, hospitalisation, or specialist care, these costs…
“Crises can create confusion and pressure, often prompting people to make rushed decisions that may undermine…
"Our latest comprehensive report identifies shifts in financial behaviour for practical insights into how much people spent, what they spent on, and how they spent it. We've also supplemented the quantitative analyses with detailed consumer survey data to gain a deeper understanding of the drivers of…
"Banks are demonstrating effective credit risk management as evidenced by a deceleration in impairment…
"These results send a clear message that strategic investment in African infrastructure creates lasting…
“Our participation is more than a sponsorship. It is a strategic opportunity to showcase the strength and capabilities of Africa’s leaders. It is also an opportunity to leverage this historic moment and reaffirm Sanlam’s purpose, which is to empower generations to be financially confident, secure and…
"This excellent set of results was achieved because every business in the Group’s diversified portfolio…
“Since the primary listing of Old Mutual on the JSE in 2018, the Group has returned a staggering R89…
"The current strong in-period performance across the Group, shows that we are well-positioned for a phase…
"We have had an important impact on the lives of thousands of South Africans by offering a vital safety…
“We weighed up the policy trade-offs involved, including increases to corporate and personal income taxes. Increasing corporate or personal income tax rates would generate less revenue, while potentially harming investment, job creation and economic growth,” Minister of Finance Enoch Godongwana said…
“In 2024, the economy grew by only 0.6%. Over the medium term, GDP growth is projected to average 1.8%.…
"This update has added downward pressure to our forecast for 2025 inflation, as high-inflation items…
Mtho Maphumulo, Partner in the Insurance and Financial Sector Practice, Adams & Adams shares his insights on the complexities and challenges faced by a policyholder when their insurance claim was repudiated, and also dismissed by the courts. a complex a policyholder's battle against an insurer over…
The Financial Sector Conduct Authority (FSCA) stated that it had also debarred Mr Peterson for a period…
"As at 30 June 2024, the FSCA has said it had approved a further 63 licence applications, bringing the…
“Cybercriminals are aware of the high value of this data, from retirement savings to sensitive medical information, and are constantly evolving their tactics to exploit any vulnerabilities they can find," says Ashley Singh, Chief Information Officer at Sanlam Health and Employee Benefits.
"Being organised, gathering the necessary documentation, and keeping records of correspondence are key…
“When employees face rising living costs and reduced disposable income, the pressure quickly mounts,…
Below is a "ten question" Q&A with Oscar Molaba, the Managing Director of Batanidza Technologies, a Software Quality Assurance and Testing house based in Gauteng, South Africa wherein he gives us insights into his tech-company, the industry, as well as his leadership philosophy.
Municipal infrastructure in South Africa is under significant strain, as the country continues to face…
"Rather than attempting to be 'everything to everyone', successful managers focus on presenting a targeted…
"In gas markets, Iran is a significant producer, but it is not major exporter of gas. Unlike the oil market, there is little or no spare capacity in global gas markets right now. The big players in the region are Qatar and the UAE whose combined exports comprise around 20% of global liquified natural…
"In gas markets, Iran is a significant producer, but it is not major exporter of gas. Unlike the oil…
"The escalation of the Middle East conflict, now involving fighting against Hezbollah in Southern Lebanon,…
"The escalation of the Middle East conflict, now involving fighting against Hezbollah in Southern Lebanon,…
"Interest rate risk and high breakeven levels combined with concerns that crop and livestock prices could…
Insurance Biz is a New Africa Busines News Services (NABNS) publication launched in 2013 to focus on the insurance industry, investments, financial planning, employee benefits etc. It remains a great resource of news for industry professionals, and for those who seek to learn about the financial sector developments.
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