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Forward thinking is the best thinking

31 May 2018

The 2018 South African Underwriters Associations (SAUMA) Annual Conference, which is one of the very prominent events happening every year, was an extremely well attended event filled with valuable and relevant content. SAUMA always manages to keep a good balance between SAUMA specific, regulatory and political/economical content to keep members engaged on the real topical issues of the day.

Can common ground be found between technology and the intermediated insurance model?

16 May 2018

The growth of artificial intelligence (AI) and machine learning has taken the world by storm. Machines are now capable of completing complex tasks that only humans could perform in the past. While this sounds great and exiting, it does have a number of implications when it comes to employment issues. This is very true for the financial services industry where brokers and advisers are waiting in anticipation to see what impact AI will have on the future of the industry.

Building trust in the industry

07 May 2018

Claim statistics play an important role in the industry. Particularly to advisers as statistics provide vital information regarding industry trends, which allows them to capitalise on areas of interest. Momentum recently released their claim statistics for the period of January 2017 to December 2017.

The onus of proof lies with the insurer

26 April 2018

In failing to discharge its onus in establishing that an insured was under the influence of alcohol at the time of the accident, Old Mutual Insure has been ordered, by the Ombudsman for Short Term Insurance (OSTI), to pay a claim they initially did not want to pay.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

View the Results