Life Insurance

The trust is dead – long live the trust!

Increasing focus on trusts by revenue authorities, both locally and offshore, has created the perception that trusts are being targeted – especially from a tax perspective – and that they are going to become obsolete. The question now is should trusts still be used in estate planning, or has their star faded?

Using physical fitness data to reduce the cost of life insurance

Physical activity data collected from smartphones and wearable devices is changing the way that insurers and reinsurers price life insurance and critical illness policies. Michal Nejthardt, Head of Business Development at Munich Re of Africa (MRoA), told attendees at a recent client life seminar that big data was revolutionising risk rating and pricing methodologies across the life insurance industry. Munich Re is at the forefront of incorporating physical activity data in both its global and South Africa reinsurance operations.

Divorce and Death – the impact of Section 2B on your will

No room for fraudsters – insurers take a firm stance

South African life insurers remain ‘100% committed’ to paying out all genuine claims, but are cracking down on attempted fraud and dishonesty as the number of irregular claims continues to climb.