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Ray of hope as life claims pay-outs fall 31%

17 July 2023

The best way to demonstrate the value of life insurance is where the proverbial ‘rubber hits the road’ at claims pay-out stage. Case in point, Momentum Retail Life Insurance’s 2022 claims statistics confirm that ZAR6.18 billion was pumped back into the domestic economy over the 12-months to 31 December 2022. This represents a 31% decrease from the previous year, showing the diminishing impact of COVID-related death claims on overall claim statistics.

A tailor-made solution for SA: Introducing the ‘stitch in time’ paradigm

02 July 2023

If today’s basic education is remotely comparable to that which this writer was subject to, back in the 1980s, then anyone age eight and up should be familiar with the proverb ‘a stitch in time saves nine’. A proverb, for the learners (sic) trapped in South Africa’s schools circa 2023, is defined on Dictionary.com as “a short popular saying, usually of unknown and ancient origin, that expresses some commonplace truth or useful thought”. PS, apologies for the ‘dig’ at local education standards but we have it on good authority that eight-in-10 South African 10-year-olds cannot read for meaning!

Green washing and other ESG phrases that do nought for your bottom line

15 June 2023

In the olden days, you would give your hard-earned cash to an asset manager, who would invest it on the global financial markets and update you each quarter on your net-of-fee investment return. The transaction was simple. “Invest this,” you said, to which the asset manager responded: “I will do so”. As we power through the 21st Century the investee-investor relationship has changed.

These are the external risks you need to fret over…

02 May 2023

The cost-of-living crisis; erosion of social cohesion; public infrastructure and state collapse; and supply chain issues are among the ‘big bubbles’ on a graphic representation of the risks facing insurers and reinsurers circa 2023. These were also among the risks explored during a recent Insurance Institute of Gauteng (IIG) Insights 2023 session presentation by Carolyn Thompson, Executive Head of Product, Underwriting and Pricing at Old Mutual Insure. Among the first statements put to the mostly South African audience was that the short-listed external risks were global and interconnected.

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

Dear broker, I pranged my Ferrari

27 March 2023

Baseball & other economic malarkey that mires your client’s financial outcomes

10 March 2023

Hum-budgetary… The four or so guesstimates that leave Budget 2023 exposed

27 February 2023

Would you bet your pension on SA infrastructure?

07 February 2023

Where to for intermediaries in 2023?

17 January 2023

Farm-gate… Busting my opinion streak for some breaking news

02 December 2022

Bank man fried! Cautious investors LOL as USD32 billion crypto asset (sic) crashes

20 November 2022

Calls for a cautious approach to crypto asset investing as FSCA brings crypto’s into the regulatory fold

21 October 2022

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Talked About Features / Straight Talk