"The true economic loss of the Mthatha disaster, however, is not known yet. But one thing is for sure – it is going to be significant. The national government has since committed R5 billion towards rebuilding efforts across the Eastern Cape,…
"Your building, household and vehicle insurance will therefore exclude cover for damage or loss caused as a result of poor maintenance or negligence. Known as exclusions, these clauses are often overlooked and misunderstood by policyholders,"…
“When people connect with advice that understands their context - their struggles, aspirations, and cultural nuances - something powerful happens. It’s not just about money. It’s about clarity, confidence, and control,” says Cebile Zibi, Executive…
"South Africa faces mounting infrastructure challenges - from roads in disrepair to energy and logistics systems in urgent need of upgrades. These challenges, in theory, present a significant opportunity for the construction sector. Take the…
“The industry has the unenviable task of balancing premium rates with sustainable underwriting practices and risk mitigation measures to ensure a sustainable insurance sector that can continue to provide quality cover and pay claims over the…
"Whether it's home insurance to safeguard property investments or comprehensive vehicle insurance to prevent financial devastation after an accident, insurance ensures that young South Africans can continue building their financial futures without…
"There is no doubt that AI is changing the game for insurance and risk professionals. But we are also embracing it as a tool to protect our customers, improve efficiency, and enhance fraud detection," says Ayanda Mdhluli Senior Manager: Cyber…
“Many of the tracking devices installed in cars or used in alarm systems still rely on older 2G or 3G networks to transmit data. As more cell towers supporting these networks are being taken offline – and some already have been – the risk is…
"Ricardo is well known and highly respected within the actuarial community and non-life insurance market. We are thrilled to welcome him to Old Mutual Insure. His values and approach are a strong fit with our culture, and I am confident he will…
“AIE 2025 brings together not only the brightest minds in insurance, but also a powerful community of professionals who are passionate about the future of our industry. This year’s line-up reflects the diversity, dynamism and depth of expertise…
“In response to these emerging risks, the insurance market is starting to develop new frameworks and products. While some exposures may be absorbed into existing lines such as Cyber, Tech E&O and Product Liability, there is a growing need for…
“Insurance feels like a luxury for many South Africans, but the risk of being underinsured or uninsured entirely is far more costly in the long run. One incorrect calculation or overlooked item could mean a reduced payout, an inability to replace…
“Young people need insurance because it provides a way to bounce back from the financial shock of losing a key asset. This could be a phone, laptop, handbag, or if you’re more fortunate, a car,” says Leruo Malumo, Head of Product at Santam,…
"I am excited to be part of HDI Global and further drive the company's offering of International Programmes. The African continent is often undergoing transformation, be it in political, economic, social or environmental terms. At the same time,…
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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