OUTsurance Group Limited, a growing, short-term insurance group operating across multiple geographies, has reported its interim results for the six months ended 31 December 2022.

Santam, South Africa’s leading short-term insurer, has entered into an alliance with MTN South Africa, that will see the company purchase the mobile telecommunication firm’s device insurance book.

Old Mutual Insure and its subsidiaries are warning vehicle owners of newer and late model high-end vehicles, especially bakkies and luxury vehicles, to be extra vigilant. This is as the insurer is experiencing an increase in claims for the theft and hi-jacking of these vehicles.

There are several themes that are currently playing out in South Africa, which are keeping insurers awake at night. These themes are likely to impact the insured during 2023, and significantly affect those that either do not have the right cover in place, or even none at all.

Business insurance is notoriously complex. But getting the right cover will give you the peace of mind of knowing that your business is protected from risks such as theft, accidents, business interruption and liability claims.

The RBS Academy has been launched this year to address the skills shortage and drive transformation in the insurance industry in South Africa.