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Standardised wordings and plain language: a major headache

01 November 2013

It seems simple enough that two parties, eager to conduct business, commit the terms of their transaction to words and sign the resulting contract. If only this were the case for South Africa’s insurers, insurance brokers and consumers.

Contracting insurance in the specialist short-term industry

01 November 2013

Due to unique industry operating conditions, which was caused by the onset of the global financial crises and the subsequent recovery efforts of companies, there is a growing need for specialist insurance products which protects companies from specific market liabilities. However, specialist insurance products cannot always conform to standardised policy wordings, because of the nature of the risks they are meant to provide indemnity form, says Vic Van Nus, Specialist Contracting and Engineering Underwriter atAC&E Engineering Underwriting Managers.

The new wave of telematics

01 October 2013

Telematics has been instrumental in vehicle tracking technology. Now there is no looking back for the benefits to be derived from telematics, for consumers, society and businesses, especially within the insurance industry.

Product recall risk a reality for SA?

01 October 2013

Product recalls are products which are pulled from the market after it was determined that they did not meet industry standards. At a seminar hosted by insurer AIG South Africa, Deon Binneman, an independent reputation advisor warned, “Product recall is a business crisis and must be treated as such. It has the potential to affect your brand and its reputation with stakeholders. It can have a disastrous effect on the share price of listed companies as well.”

quick poll

Question

Do you think short-term insurance broking will survive the AI plus humanoid robotics age?

Answer

Human first always Not a chance Possibly maybe Yes, but reimagined

View the Results

“Regulatory Overview” from a short-term insurance perspective

01 October 2013

Verification paves the way for average-free insurance

01 October 2013

Can insurer innovation improve motor insurance statistics?

01 October 2013

Incidental activities and UMAs

01 October 2013

Times are tough

01 October 2013

Third party claims and third party recoveries

01 October 2013

A significant victory for the short-term industry

01 October 2013

Stick with the strong ones

01 October 2013

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Magazine Archives FAnews & FAnuus / Short Term

Standardised wordings and plain language: a major headache

Contracting insurance in the specialist short-term industry

The new wave of telematics

Product recall risk a reality for SA?

“Regulatory Overview” from a short-term insurance perspective

Verification paves the way for average-free insurance

Can insurer innovation improve motor insurance statistics?

Incidental activities and UMAs

Times are tough

Third party claims and third party recoveries

A significant victory for the short-term industry

Stick with the strong ones