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Discovery Life paid R9.1 billion in claims across its group risk and individual policy portfolio in 2024, rejecting fewer than one in 100 of claims submitted. The bulk of claims paid stem from individual life claims including R3.428 billion in life cover, R1.544 billion for severe illness, R933 million for capital disability, and R673 million in income continuation benefits.
As South Africa prepares to commemorate Human Rights Day, it’s crucial to highlight an often-overlooked aspect of women’s rights: financial security. Women form the backbone of many families, providing care, financial support, and stability.
As we celebrate International Women’s Day on 8 March, it’s important to recognise that financial independence is a key pillar of gender equality.
Increasing longevity and falling fertility mean the world is facing a new demographic reality – a growing elderly population with fewer working-age people to support it.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?