“I am very fortunate to have been mentored. Growing up, I didn’t know what the financial services industry entailed. I come from a family where many of the older women were domestic workers or predominantly employed in the informal sector. Yet…
Cornel Schoeman, Chief Operating Officer at GENRIC Insurance Company Limited unpacks some of the ways that technology has reshaped the short-term insurance landscape over the last decade – and what it means for customer experience.
"Companies are increasingly adopting long-term, or "evergreen" share schemes that allow employees to benefit across business cycles and promote long-term participation in company growth rather than linked to volatile share prices and funding…
"I categorically deny that I have ever received corrupt monies or bribes. I proudly served with distinction, honesty, loyalty, and humility as a dedicated public servant for 23 years, the last five of which were as Director-General of National…
"Leading the way in adapting to these severe weather patterns and a changing insurance industry is the idea of parametric insurance, which offers a simple, customised, and proactive approach to protecting businesses in this new era.," says Vis…
"Entry-level medical aid options such as hospital plans are often ideal, but with the reduced premium comes an increased likelihood of medical expense shortfalls, as well as co-payments and sub-limits. This is where gap cover is an invaluable…
"KwaZulu-Natal emerged as the hotspot for fraudulent claims, with Gauteng, the Eastern Cape, and the Western Cape closely trailing behind. Despite efforts to combat fraud, the industry still suffered a significant loss of R77 million due to…
"South Africa and Africa urgently need to tackle critical challenges such as energy, food and water security. We all need to share responsibility for safeguarding our resources and bolstering resilience in our most vulnerable communities," says…
"The reality is that the South African economy is simply not growing fast enough to create wealth for our people and turn the tide on lingering social issues, especially as economic growth continues to lag far beyond population growth," says…
"SA may end up on a road that leads to the IMF's door, asking for a bailout. This must be avoided at all costs. Now is the right time to rein in spending where possible, better manage our debt and cost to service obligations, and improve government’s…
"In his State of the Nation (SONA) speech, the President gave the nation many reassuring words about how the country’s port and freight problems would be resolved. However, his comforting messages about the loadshedding burden being lightened…
"Bid security, also known as a bid bond, is a financial guarantee provided by bidders to the client during the procurement process, and also serves as a form of protection against bidders who may withdraw their bids prematurely or refuse to…
"With the school holidays upon us, now is an opportune time to embark on this essential journey of teaching our children about money management and financial responsibility," says Velmah Nzembela, Chief Marketing Officer at Assupol Life.
"Most people save for their retirement by investing in retirement funds, through which they receive an income in retirement (known as an annuity) that mirrors a salary. Once retired, a more effective way of saving for holidays may be to put…
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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