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Brokers brace for weather-related premium surges

12 October 2023

The rising frequency and severity of extreme weather events is on clear display in the claim data of one of South Africa’s leading insurers, underpinning the likelihood of further coverage restrictions and premium increases in coming years. “I have dug up some of our historic data to illustrate what is happening domestically from a climate change perspective,” said Soul Abraham, CEO: Retail Insurance at Old Mutual Insure. “These numbers are useful for advisers and brokers when talking to customers about their insurance programmes”.

A financial journo’s trying tango with writer’s block

08 September 2023

It is official. After a couple of hours staring at a flashing MS Word cursor, this writer determined that he was suffering from a severe case of writer’s block. Or at least the first half of the Oxford Languages definition of the phrase, which reads: ‘the condition of being unable to think of what to write about, or how to proceed with writing’. In most cases a quick trawl of the online media cures this ailment; but this morning, despite diving in-and-out of myriad websites and even wasting an hour-or-so on the YouTube … nothing!

More BRICS in the wall, with apologies to Pink Floyd

25 August 2023

All matters financial took a back seat this week as South Africa hosted the much-anticipated 2023 BRICS Summit, the 15th annual get-together of the leaders of Brazil, Russia, India, China and South Africa. Top of the agenda this year, apparently, was whether or not the five current members of the bloc would allow other countries to join, sending this writer on a nostalgic Spotify.com trawl for one of the few songs he knows to have BRIC in the title. Thank you, Pink Floyd for your 1979 hit tune ‘Another BRIC in the wall’.

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.

quick poll

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The strongest deterrent against FSP compliance missteps is or should be:

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A criminal conviction Debarment Fine or penalty Any of the above can work

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

02 July 2023

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

15 June 2023

These are the external risks you need to fret over…

02 May 2023

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

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Talked About Features / Straight Talk