June 4, 2024
Insurance crime bureau alerts of a scam targeting the industry
The Insurance Crime Bureau (ICB), an organisation established to fight fraud in the industry, has recently warned about a concerning trend wherein criminals are directly targeting insurance companies, through their call centres, by impersonating policy holders and requesting copies of their policy schedules and claims history.
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May 31, 2024
Proper beneficiary nomination remains crucial to easing the claims process
According to recent data from the Financial Sector Conduct Authority (FSCA), South Africa is grappling with a significant sum of unclaimed assets. In 2022 alone, the country reported a staggering R88.56-billion in unclaimed assets, with unclaimed life insurance benefits constituting a notable 38% of this total.
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May 30, 2024
Auto & General voted best of the best, backed by the promise of commitment
Auto & General Insurance is proud to once again be recognised as the ‘Best of the Best’ in two categories at The Star Readers’ Choice Awards. The insurer was recently awarded the titles of ‘Best Car Insurance Provider’ and ‘Best Insurance Company (Personal)’.
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May 28, 2024
Important considerations for insurers during election season
The upcoming South African general election poses increased risks for the non-life insurance industry due to potential civil unrest. Insurers should review policies to anticipate claims beyond SASRIA coverage limits.
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May 28, 2024
Santam acquires Kandua, leading tech startup
Santam, South Africa’s largest short-term insurer, has wholly acquired Kandua, a leading online marketplace company for home services. Kandua will merge with Santam’s existing home service offering, Home+, forming a wholly owned, independent subsidiary of the insurer.
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May 16, 2024
Non-insurers lead the way in empowering shoppers
The insurance industry is poised for a shakeup as consumers start taking a self-service approach to insuring themselves against theft, loss or damage to their valuable goods.
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