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Have a safe holiday – Safety tips

Think about it. Going away on holiday is stressful. There are travel arrangements to make; accommodation plans to take care of; bags to pack; pets to get into boarding; house-sitters to hire; visas and passports to manage. When you finally depart for your holiday, you want to make sure you can relax completely and enjoy [...]

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Finally, insurance for the underprivileged is made available in Africa

Finally, insurance for the underprivileged is made available in Africa

The need for financial services in poorer communities is universally acknowledged and the practice of making microcredit available to these people is a common practice throughout Africa. However one micro- financier, Blue Financial Services, expanded the service they are offering to these communities to include much needed micro-insurance. Poor people are in dire need of [...]

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Luxury Lifestyle Estate Residents Demand Bespoke Insurance

Luxury Lifestyle Estate Residents Demand Bespoke Insurance

The popularity of luxury estate living has boomed in South Africa over the last five years, with a proliferation of themes such as golf, polo, wine, and wildlife estates. This explosion in demand has prompted the South African insurance industry to develop a new form of bespoke insurance to help meet the specific needs of [...]

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Loyalty and honesty to one’s insurer do pay

Loyalty and honesty to one’s insurer do pay

Recent innovations in selling insurance as a price-driven commodity offer consumers the ease of comparing the price of various insurance products online. However well-intentioned these practices have resulted in a number of claims that border on irresponsibility. One such claim is that loyalty to a particular short-term insurer counts for nothing. This implies that the [...]

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Keeping a cool head in tough times 

Keeping a cool head in tough times 

South Africans are a rare breed of caution coupled with very short term focus. With us it’s all boom or bust. But says Craig Smith, Risk Analyst, Enterprise Wide Risk Management at Alexander Forbes Risk Services, “the fact is that cycles come and go. The trick is not to panic and not cut what is essential or [...]

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INSURERS STRUGGLE TO KEEP PREMIUMS DOWN AS MOTOR COSTS SURGE

INSURERS STRUGGLE TO KEEP PREMIUMS DOWN AS MOTOR COSTS SURGE

The surge in the cost of motor repairs in South Africa has left insurers scrambling to implement counter measures to prevent customer premiums from rising. Costs of manufacturer-approved parts and labour as well as costly delays caused by the growing need for imported parts, which, in turn, leads to extended car hire periods, are some [...]

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Insure your home for its correct value or pay the price

Insure your home for its correct value or pay the price

Insuring your home for replacement value means your insurer will cover the costs of rebuilding your property to its original dimensions and quality in the event it is destroyed or damaged. Yet inflation sees the cost of building increase every year. As such, home owners should regularly update their policies to avoid being underinsured and [...]

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Business Insurance Magazine Recognises Aon with Innovation Awards

Business Insurance Magazine Recognises Aon with Innovation Awards

Aon Corporation , the leading global provider of risk services and human capital consulting, announced its Aon Risk Services and Aon Benfield businesses have earned Innovation Awards from Business Insurance magazine . Recognised were two technology solutions: Aon Risk Services’ Aon Global Risk Insight Platform® and Aon Benfield’s FAConnectSM. “Aon’s businesses are united in innovation, [...]

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Inferior advice harms public and industry alike

Inferior advice harms public and industry alike

Everyone realizes the importance of being innovative and vigorous to survive and grow in a competitive environment. The insurance industry is no exception. The way in which innovation is implemented, however, is justifiable only if it benefits the client. It is often asked whether insurance products can really be tailor-made without extra cost to the [...]

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