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Short-term insurance industry must start thinking differently

18 June 2014

Recent harsh weather conditions combined with the weakening Rand and the labour environment have put a strain on short-term industry, leading to significant declines in insurers’ underwriting profitability over the past year, said Anton Ossip, CEO of Discovery Insure, on Tuesday.

Soaring medical malpractice claims demand statutory intervention

17 June 2014

Medical malpractice claims in South Africa are soaring as South Africa becomes an increasingly litigious society as awareness of rights grows under the Consumer Protection Act (CPA), as well as a growing number of legal professionals who are heavily marketing medical malpractice litigation services.

Growth in luxury brands in SA calls for specialised insurance

17 June 2014

According to London-based Euromonitor, Africa’s fast-growing emerging markets provide great potential for purveyors of luxury goods. During a webinar held in early May, the company said that South Africa is an important market for luxury goods with its large population of high-income earners. With 60% of Africa’s millionaires based in South Africa, owners of luxury goods may be at an increased risk of underinsurance or even be unable to replace items with the same brand.

Protection againgst collapsing boundary and retaining walls essential

09 June 2014

With heavy downpour once again expected across the country this winter, homeowners are urged to secure boundary and retaining walls to avoid the risk of any collapse, as a result of instability.

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

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