Insurance
latest news & developmentsNavigating Motor Warranty Claims: Mechanical Breakdown vs. Wear and Tear
Learn the essential differences between mechanical breakdown and everyday wear and tear to ensure your vehicle warranty claims are approved without unexpected surprises.
South Africans want protection that keeps up with how they live and earn
Research by Metropolitan reveals that 11.9 million South Africans in the 'foundation market' are deeply committed to family protection but face significant challenges like…
US tariff shake-up sends ripples through African trade and global supply chains
This latest wave of tariff changes signals a broader trend toward economic nationalism and trade realignment.
Investing a windfall? Make sure the contract suits your needs
A recent judgment underlines that it is vital to be certain that you fully understand the terms of an investment before you sign
‘Cancer-related insurance claims on the rise, post-Covid-19’
Cancer accounted for about 32.3% of all insurer Liberty’s claims for 2023 This content is restricted to registered users and subscribers. Get Your Free Account The Mail &…
A life disrupted
Old Mutual Illness insurance keeps family in the green after a devastating diagnosis
Hail, floods and fires: Insurers in the eye of the storm
Extreme weather events are a key risk to insurers as the climate crisis threatens to ratchet up the price of cover
UN: Melting glaciers, heat, space debris among tipping points of risk
Extinctions, depleted groundwater and an uninsurable future are the others, and together they create instability with potentially catastrophic effects
Income strain weighs on financial sector
As consumers and businesses reel from tough conditions, insurers have expressed uncertainty over whether there is room for growth
How to claim for load-shedding damage
The ombudsman for short-term insurance said there has been a rise in complaints over rejected claims related to load-shedding
Who pays if the Eskom grid fails?
It is unlikely that insurance will cover the damage or that the government will bail out companies
Hefty insurance premium hike for people living in disaster-risk areas
Extreme weather conditions due to climate change are set to increase, meaning higher premiums
Clients affected by insurance collusion can claim civil damages
Eight insurance firms are being probed over price-fixing allegations. Legally, clients can claim for damages but experts say they should not hold their breath
The Competition Commission has eight insurance companies in its sights for collusion
The companies are BrightRock Life, Discovery, FMI (a division of Bidvest Life) Hollard, Momentum, Old Mutual Insure, Professional Provident Society and Sanlam
Unvaccinated South Africans to pay more for insurance premiums
Insurance companies have adjusted their premiums and people who are not vaccinated will pay more for cover