Non-life

When the going gets tough, the tough get a warranty

South Africans are still grappling with how the downgrade of South Africa to ‘junk status’ by two ratings agencies will impact them financially. While the full picture will most likely take some weeks and months to emerge, what we do know is that the cost of credit and inflation will go up. If you’re in the market to sell your home, you may be concerned about whether you will be able to sell your home, at the price you want given all the latest economic developments.

Insurers face a toll from severe weather events

Over the years South African weather patterns have increased in severity and weather-related damages have cost, and continue to cost, the insurance industry billions in losses as insurance claims pour in.

And the winner is ...

Telematics in vehicles - Big brother is not watching you

The European insurance market introduced telematics about ten years ago and South Africa followed suit by introducing it into the local market . The insurance industry then faced the challenge of overcoming the stigma that telematics will become a ‘big brother’ initiative to spy on its clients. However, most South African consumers have reacted positively to telematics and the benefits it offers.