Non-life / General

Technology transforms sectional title insurance landscape

It’s the bane of every body corporate and managing agent’s life: a geyser bursts or a light fitting burns out in a residential unit, and a flurry of emails and phone calls breaks out between residents, agents, insurers and service providers.

Standard Bank continues insurance cashback offering

Standard Bank Insurance will continue its 25% cashback relief on car insurance premiums for a second month to the end of May 2020.

COVID-19 will see historic losses across the global insurance industry

Local insurers offer premium relief

South Africa’s short-term insurers and UMAs are doing their part to alleviate the financial impact of the lengthy nationwide lockdown implemented to flatten the coronavirus infection curve. Leading brands such as Elite Risk Acceptances, Discovery Insure, Old Mutual Insure, and Santam have all announced initiatives aimed at assisting their commercial and personal lines clients. They have also committed millions of rand to help small and medium businesses (SMEs) in their supply chains, as well as donating to social initiatives such as the Solidarity Fund. In the following paragraphs we consider some of the relief offered by insurers to their personal lines motor policyholders, before reflecting on the impact of these measures on short-term insurance brokers.