Nic Smit, Chief Product Actuary at Bidvest Life, explains that while lower-priced policies may seem appealing when you are looking at life insurance offerings, they often come with limitations or exclusions that could leave you vulnerable when…
Affordability is a key part of most people’s thought process when buying life insurance. In this Q&A with videos, Clyde Parsons, Chief Innovation Officer at BrightRock explains to consumers unpacking how premiums work in simple terms.
“Cancer is never a predictable journey, and previously patients would simply receive an insurance payout at the beginning only to find that they needed more funds if the disease persists in some way down the line, which is unfortunately a reality…
"The administrative sanctions imposed on OMLACSA are due to its failure to comply with certain provisions of the FIC Act and consist of four cautions and a financial penalty totalling R15.9 million, of which R5.9 million is conditionally suspended for…
“We are delighted to bring four new partners onto the Health Compass platform. Our commitment to providing brokers, wealth managers and insurers with technology that enhances their operations is unwavering. We look forward to deepening these…
"There is the potential for conflict if you have not clearly stated who is to inherit your family home, or other items that may be of monetary or sentimental value to you. A will is more than a legal document – it is a roadmap that helps your…
"In determining the Discovery Health Medical Scheme contribution increases for 2025, the priority is maintaining the industry-leading benefits enjoyed by Discovery Health Medical Scheme members, while ensuring contributions remain affordable…
"Our National parks are a jewel in the nation's crown. Kruger National Park alone is responsible for adding around R3 billion to the economy annually, according to a 2020 study. They're the engine room for job generation and play a pivotal part…
“Overall, 57% of Sanlam’s Severe Illness Claims were from clients younger than 55; for females specifically, this rose to 70%. Crucially, cancer accounted for most of these claims. This aligns with global trends. A study in BMJ Oncology reported…
“By understanding their clients’ occupations and the unique insurance products available for people in non-traditional careers, financial advisers can ensure that all clients have the right cover in place to protect their income,” says Melody…
“EmployeeCare is a testament to our commitment to setting new standards in healthcare. We aim to provide businesses with a solution that not only addresses the evolving needs of their workforce but also enhances productivity and overall wellbeing,”…
"The appointment of Kaizer as CEO of our industry association follows an extensive search for an exceptional individual who not only has an in-depth understanding of our industry but also deep insights into the challenges facing our country,"…
"These reforms have been crucial in securing better outcomes for the people served by the sector. The Conduct of Financial Institutions (COFI) Bill represents a major leap forward and will have far-reaching implications for all financial institutions,"…
"Prudential is committed to leveraging technological innovation to create value for all our stakeholders. We are actively using data, advanced analytics and AI to create an exceptional customer and agent experience – while helping us work smarter…
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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