Explore the Category
Discovery Life today announced its annual claim statistics for 2025 today, showing that R11,5 billion was paid to clients. Of individual life policy payouts, 65% was for supporting clients through illness, disability and income loss, and shared-value payments for managing their health and wellness.
Financial and risk advisers who want to stand out from the advising crowd in the complex life insurance distribution game would do well to adopt an ‘income first’ philosophy, and study up on product waiting periods. These messages were repeated countless times during an hour-long presentation introducing the Bidvest Life 2024 Claims Report.
As vaping trends rise among young South Africans, life insurers face new challenges. The long-term health risks associated with vaping could impact underwriting, premiums, and overall coverage.
As society evolves in its understanding of gender, so too does the long-term and life insurance sector. However, the insurance industry in South Africa still faces hurdles in serving transgender and nonbinary individuals in ways that reflect contemporary views on gender identity.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?