Crime stats and insurance fraud
“Crime likely to affect forthcoming tourist season” “SA is at war with itself” “Crime stats show that situation is ‘quite bad’” These are just some of the media headlines after the release of […]
Insurance
Why policyholders complained to the short-term ombudsman in 2023
‘Lack of maintenance or wear and tear’ gave rise to most of the disputes in several categories of insurance.
Read moreCrime stats and insurance fraud
“Crime likely to affect forthcoming tourist season” “SA is at war with itself” “Crime stats show that situation is ‘quite bad’” These are just some of the media headlines after the release of […]
New driving demerit system – What will the impact be on insurance?
Two weeks ago President Cyril Ramaphosa signed the controversial Administrative Adjudication of Road Traffic Offences (Aarto) Bill into law. In general, the Bill will result in the setting up of a demerit system […]
New driving demerit system – What will the impact be on insurance?
Two weeks ago President Cyril Ramaphosa signed the controversial Administrative Adjudication of Road Traffic Offences (Aarto) Bill into law. In general, the Bill will result in the setting up of a demerit system […]
National Health Insurance – Health Minister dismissive of criticism
“We are one nation building one health care system. Let’s work together. There is no us and them.” These were the words in a tweet of Dr Zweli Mkhize, South Africa’s Health Minister. […]
There is a rat in my car – Am I covered?
The lyrics of a UB40 song reads “There’s a rat in my kitchen what am I gonna do?” The song also relates to the owner of a Porsche, who discovered a resident rat […]
National Health Insurance – Minister responds to comments
In a recent media statement the Health Minister, Zweli Mkhize, welcomed the current debate on the introduction of National Health insurance (NHI). “We will be noting all the views and comments made by […]
National Health Insurance – Minister responds to comments
In a recent media statement the Health Minister, Zweli Mkhize, welcomed the current debate on the introduction of National Health insurance (NHI). “We will be noting all the views and comments made by […]
National Health Insurance Bill – Controversy or agreement?
On Thursday, Health Minister Zweli Mkhize released the much-awaited National Health Insurance (NHI) bill in Pretoria. He said that it is expected to be fully functional in South Africa by 2026. The Health […]
Short term insurance policies – Five causes for invalidation
In a recent media release, the Office of the Ombudsman for Short-Term Insurance (OSTI) highlights some of the things consumers do which might result in the insurer cancelling cover or refusing to pay […]
Homeowner’s insurance – Beware of wear and tear
In 2018, 58% of complaints considered by the Ombud for Short Term Insurance (OSTI) under homeowner’s insurance related to claims for damage caused by acts of nature. These claims relate primarily to storm […]
Homeowner’s insurance – Beware of wear and tear
In 2018, 58% of complaints considered by the Ombud for Short Term Insurance (OSTI) under homeowner’s insurance related to claims for damage caused by acts of nature. These claims relate primarily to storm […]
PA Annual Report – Number crunching the insurance industry
The Prudential Authority’s annual report was covered in various media publications where the focus was mainly on the banking sector’s assets. The report also shared numbers from the insurance industry: Entities per sector […]
Short Term Insurance Ombud – Insight into how it operates
Business Day TV’s “You & Your Money” recently interviewed Edite Teixeira-Mckinon, the Deputy Ombudsman for Short-Term Insurance. Teixeira-Mckinon joined Bryan Hirsch, personal financial planner and author, to discuss the operations of the Short-Term […]
July holidays – the must-have insurance checklist
In a recent media article, Product Development Actuary for Sanlam Individual Life, Karen Bongers shares a checklist of insurance must-haves that will definitely come in handy before you lock up and set off […]
Credit Insurance – Does it cover the self-employed?
Credit life or credit protection plans are insurance policies that afford cover to consumers of credit to provide assurance that in the event of their death, disability, terminal illness or retrenchment, the outstanding […]
