RAF amendments ‘will result in higher medical scheme contributions’
The proposed liability exclusions in the Road Accident Fund Amendment Bill will hit medical schemes and short-term insurers hard, legal experts warn.
Author: Nettalie Viljoen
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RAF amendments will severely curtail the rights of road accident victims, say experts
The draft legislation allegedly restricts a road accident victim’s right of access to the courts and does away with general damages compensation.
Law firm off the hook for R2.5m Ponzi scheme claim
Legal missteps in a substitution application have left a R2.5m claim against a law firm implicated in a 2010 Ponzi scheme dead in the water.
Navigating a polycrisis landscape in South Africa
Thabile Nyaba, chief risk and sustainability officer at Old Mutual Insure, shares how the insurance industry can help South Africa to weather the economic and geopolitical storm.
Taiwan – a country preparing for a possible war
With 12 038km between South Africa and Taiwan, the East Asia island’s woes as it prepares for a possible invasion by mainland China might seem far removed. However, should their ‘non-provocative’ cross-strait policy fail, the fallout will shake the world.
How customer experience and social media are set to drive the short-term insurance industry
Old Mutual Insure’s Antonia Oakes shares her insights on the emergence of the ‘want it now’ culture and the evolution of the ‘experience economy’.
Investors told to beware amid probe into United African Stokvel
Law firm’s insights shed light on identifying warning signs and creating safeguards within stokvels to prevent misuse and promote trust.
Before you invest … tell-tale signs that a stokvel is not the real deal
Unscrupulous operators are taking advantage of the ‘light touch’ regulation of the stokvel sector. Here’s what you should know about the laws and bodies that govern stokvels.
Embracing AI in insurance: the path to innovation and survival
Stephen van Niekerk, executive head of Momentum Myriad, shares lessons learned following the launch of a “first-in-industry innovation” life insurance product and how artificial intelligence (AI) will fuel the insurance industry.
Game on: revolutionising insurance with a fun and well-being focused approach
The insurance industry can be a force for good, says an insuretech’s managing director, and it begins with spreading happiness and well-being.
Anger, despair, and hope – stokvel members respond to email urging patience
A member of United African Stokvel shares why she invested R200 000 despite her initial misgivings.
Before going solar: what you need to know when choosing installers and equipment
Homeowners are urged to be diligent in their decision-making amid a ‘rise in unqualified and inexperienced’ solar installers.
Some insights on insuring solar panels against theft
What happens if the replacement panel is not compatible with the rest of the system?
Director’s passport blocked amid efforts to recover Classic’s assets
Claim documents have been sent to creditors as the provisional liquidators take steps to recover assets and secure funds held in the name of Classic Financial Services One.
Criminal investigation into Classic Financial Services and its director gets under way
Investors in Classic Financial Services have been told to wait before filing any further applications for the exclusion of their interest in preserved funds following its liquidation.
Insurers and their clients count the cost of extreme weather
The insurance industry faces the challenge of striking a balance between affordability for clients and ensuring long-term sustainability amid the changing risk landscape.
Retirement planning: ‘the biggest mistake is not asking for advice’
The new edition of ‘The Ultimate Guide to Retirement in South Africa’ provides the big picture about retirement, facilitating informed conversations between clients and advisers.
