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Almost half of SMEs will buy insurance online within five years – report

A growing number of small businesses say they are looking to interact with their insurers online, with 36% saying they will buy online in the near term, and 48% within five years. (more…)

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Attorneys warned against new wave of targeted cyber attacks

Corporate companies are by no means immune to cybercrime, with McAfee’s latest report1 indicating that it cost the global economy as much as $600 billion in 2017. According to Christopher Appanah, Claims Team Leader (PI and Liability) at SHA Specialist Underwriters, cybercrime is also evolving rapidly with attacks becoming more elaborate. (more…)

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SA’s Financial Sector Regulation Act in force from 1 April 2018

By Patrick Bracher, Norton Rose Fulbright. Most sections of the Financial Sector Regulation Act 2017 were brought into force from 1 April 2018. This step was anticipated as the first step towards the commencement of the new Insurance Act on 1 July 2018. (more…)

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Treasury welcomes comments on insurance draft regulations

The National Treasury (NT) has today published for comment draft amendments to the Regulations to be made by the Minister of Finance in terms of the Long- term Insurance (LTI) and Short-term Insurance (STI) Acts. (more…)

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Insurance innovations protect the poor this Easter

Road accidents are set to rise again this Easter and the poor will be hit the hardest. (more…)

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PSG Konsult gains over 80 insurance advisers as it concludes agreement

PSG Konsult, through its subsidiary PSG Wealth Financial Planning Proprietary Limited, the listed independent financial services provider, has concluded an agreement to acquire the remaining short-term face-to-face advisory insurance business from AIFA. (more…)

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Freight looting a growing concern

The escalating voracity of freight looting – the theft of goods off the back of fleet vehicles, sometimes while moving – was highlighted in a recent Carte Blanche insert. This criminal act has massive financial repercussions for the fleet and insurance industries, and ultimately the consumer, and is expected to intensify in the run-up to […]

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Bertus Visser

Ensuring a favourable festive season

By Bertus Visser, Chief Executive of Distribution, PSG Insure. The end of the year sees many of us venturing off on holiday – be it locally or abroad. Perhaps you are even renting out your home – or part of it – on popular vacation sites like Airbnb. There are various considerations when it comes […]

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