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The heat is on: Weather index-based products a game-changer in dealing with loss events

30 July 2024

Old Mutual Insure welcomes the recent move by the Prudential Authority (PA) of South Africa to allow insurers to develop innovative weather index-based products.

How to boost your chances of a successful short-term insurance claim

25 July 2024

According to the OSTI report, the highest number of disputes, or 42% of overall claims, were related to motor vehicles. “The majority of these complaints were accident-related claims that were declined because of policy exclusions,” states Tarina Vlok, MD of Elite Risk Acceptances, a subsidiary of Old Mutual Insure.

Time to review your property insurance as rainy season approaches

22 July 2024

With climate-related disasters becoming common every year, homeowners must understand the threats their properties face and how to mitigate them. The City of Cape Town recently reported that 15,000 people have been affected by flooding in Cape Town.

Dynamic duo serenades customers and insurers

18 July 2024

Insurance brokers and underwriting managers are the dynamic duo driving innovation in specialised risk management solutions in South Africa, unlocking growth in niche markets that traditional insurers often struggle to service. Intermediaries and UMAs were under the spotlight during the opening presentation to the South African Underwriting Management Association (SAUMA) 2024 Conference, given by Sory Diomande, CEO of Santam Re & International. The CEO offered a reinsurance perspective on both UMAs and cell captives.

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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