What customers are saying online about SA’s major insurers
One short-term insurer bucks the overall negative trend when it comes to the claims-handling process.
One short-term insurer bucks the overall negative trend when it comes to the claims-handling process.
What is a fair long-term profit margin on group risk business?
The reduction in Covid-19-related death claims in 2022 was offset by increasing morbidity trends.
Life insurance sales down slightly as the group stops selling certain products in China.
Statistics indicate a rise in income protection claims resulting from diagnoses for mental and behavioural disorders.
Liquidation of Constantia Insurance Company has affected the group’s ancillary insurance businesses.
The requirements for advice fees in the context of insurance policies will be dealt with by amending the insurance regulations.
SA’s 14.3 million income-earners have enough life and disability insurance to cover only 45% of their total insurance needs.
Alternatively, how much less households will have to spend following the loss of a breadwinner.
Yet younger income-earners will have to rely on insurance benefits for longer.
An increase of R39 billion in the value of household debt and a decrease of R1.19 trillion in the value of household assets saw South Africans’ wealth (expressed in current prices) decrease by […]
Outsurance Life has proposed that long-term insurers that provide risk products should be excluded as accountable institutions, saying the increased cost of compliance was not proportionate to the low risk these products posed […]
Policyholders and beneficiaries received claims and benefit payments worth R522.7 billion from South African life insurers in 2020. According to the long-term insurance statistics released by the Association for Savings and Investment South […]
Policyholders and beneficiaries received claims and benefit payments worth R522.7 billion from South African life insurers in 2020. According to the long-term insurance statistics released by the Association for Savings and Investment South […]
Funeral claim declined as life covered not recognised as family member A recent Long Term Insurance Ombudsman determination involved equity, fairness as well the spirit of Ubuntu. Background The complainant had taken out […]
In terms of Board Notice 194 of 2017, class of business (CoB) training forms a compulsory part of the competence requirements for FSPs, Key Individuals and Representatives. Moonstone Business School of Excellence (MBSE) […]
In the financial services industry in South Africa, the only certainty is change. A number of regulatory changes with significant impact on the industry are in the pipeline. Moonstone Compliance is pleased to […]