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Extreme weather events: An insurer’s perspective

Santam, South Africa’s largest general insurer has been inundated with media enquiries following this week’s catastrophic weather conditions in large parts of the country, including Gauteng, Kwazulu-Natal and Mpumalanga. (more…)

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AON 2016 Annual Global Climate and Catastrophe Report

Severe weather conditions become the new normal

Many areas in Gauteng and Kwazulu-Natal came to a standstill yesterday and today as devastating hailstorms, torrential rain and strong winds tore off roofs, flooded roads, smashed windows and cars, uprooted trees and walls, and tragically claimed three lives. The increased frequency of extreme weather events over the past couple of years has been marked […]

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MUA Insurance Acceptances discusses FNB bank vault thefts

Wealthy South Africans at risk of underinsurance

While the concept of underinsurance is usually associated with low income earners, there are an increasing number of risks faced by wealthier South Africans that they are failing to insure for, resulting in potential losses running into hundreds of thousands of rand.  That is the view of Dawie Loots, Chief Executive Officer (CEO) of MUA […]

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Fires cost SA businesses millions annually

South Africa loses millions of rand to fire each year. The past fire season has seen thousands of people displaced from their homes as a result of fires in the Knysna area while acres of vineyards were destroyed in the Western Cape in January, decimating revenues within the wine industry. (more…)

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Christelle Colman

Financial losses can hit SA holiday makers

The longer school holiday which takes place over July typically sees many families travel either locally or internationally. There are however a multitude of things that can go wrong while families are away and can cost a small fortune, for example lost luggage, stolen possessions, medical emergencies as well as disasters at home, such as […]

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Dawie Loots, CEO of MUA Insurance Acceptances

Oudtshoorn earthquake raises questions about insurance

The 3.4 magnitude tremor that hit Oudtshoorn last week has highlighted the major issue whether the local insurance industry is prepared to cover massive losses and damage as a result of earthquakes.  This is according to Dawie Loots, CEO of MUA Insurance Acceptances. (more…)

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Insurance implications when security guards cannot jump walls

In an effort to avoid becoming victim of house break-ins or robberies, an increasing number of South African homeowners erect high walls around their properties. However, these high walls could pose a potential risk as some security guards may not be allowed to jump over the barriers, which could lead to severe losses for the […]

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7 top insurance saving tips for small and medium enterprises

With South Africa’s bleak economic forecast of a gross domestic product (GDP) growth rate of 0.5% for the remainder of 2016, small, medium and macro enterprises (SMMEs) may face tremendous financial pressure. In light of this, SMME’s may need to review their budgets and cut out unnecessary expenses. According to Colin van Zyl, Commercial Accounts […]

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