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Momentum Short-term Insurance shows exceptional claims processing performance

26 June 2015 | Momentum

The Ombudsman for Short-Term Insurance recently released his report on the industry for 2014 which revealed the rand value of complaints received in the industry to stand at more than R116 million, with more than 10 000 complaints received through the year taking an average of 89 days to resolve, with 52 of those remaining unresolved after 6 months.

GENRIC receives A-, Stable Outlook rating from GCR

24 June 2015 | Genric

Milestone credit rating for GENRIC opens doors to new lines of business.

Stronger advanced markets' performance boosts insurance industry growth in 2014, Swiss Re sigma says

24 June 2015 | Swiss Re

• Global life premiums returned to positive real growth of 4.3%1 in 2014, above the pre-financial crisis average2 • Non-life premiums were up 2.9% in 2014, based largely on continuing improvement in the advanced markets • Profitability in life improved slightly last year, but underwriting results in non-life, though positive, were slightly weaker • Life premiums to grow further in both the advanced and emerging markets in 2015; non-life premium growth will be strong in the emerging, but sluggish in the advanced markets

Wesbank and Hollard team up for a new joint venture

22 June 2015 | Hollard

WesBank, a division of FirstRand Bank Limited, and The Hollard Insurance Group announced today they will formalise their long-standing relationship through the formation of a new holding company, which will offer both WesBank and Hollard value-added motor products. WesBank will be the majority shareholder.

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