Schalk Malan, Head of Insurance at Liberty and Standard Bank Group, warns that South Africa’s growing insurance gap leaves many households financially vulnerable, with insufficient cover for death, disability, and illness. He emphasises the urgent need for better education, accessible products, and proactive financial planning.
Not All Insurance is Created Equal! The founding partners of Cross Country Insurance Consultants realised this and set out to create an insurance product specifically for the 4×4 market.
Guardrisk’s Financial Director, Lourens Botha, will take over the reigns as CEO in September 2023, when Herman Schoeman retires after more than two decades at the helm of South Africa’s leading cell captive insurer.
Changing customer behaviour is one of the trends impacting the industry, to accommodate this, insurers must adapt and provide value-added benefits that align with customer experiences and expectations.
As rewarding as running a side hustle can be, it’s also risky. The insurance policies you have for your home building and contents as well as your car might not cover your business activities.
Absa Life Zambia and Airtel Mobile Commerce Ltd (Airtel Money) have unveiled the Umoyo Funeral Cover which is a digital insurance product powered by Inclusivity Solutions, a leading provider of digital insurance technology.
Nothing material will change following the increased shareholding and it’s “business as usual” at Partner Risk Solutions, which will continue to operate as a Guardrisk UMA.
MiWay has announced its 2023 Actuarial Hackathon – a one-week ‘modelling marathon’ that will test candidates’ ability to build a financially viable pricing model.
