Tag Archivesinsurance

Clayton Ellary, JHB Commercial Branch Manager at Aon South Africa.

Golf insurance – complete cover from tee to green to 19th hole

South Africa is host to many luxurious golf courses that not only provide a much-loved recreational reprieve for enthusiasts of the beautiful game but are popular with home owners looking to live in a safe, secure and aesthetically beautiful environment.  With so many role players, the matters of risk, liability and insurance on the golf course […]

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Michael Ferendinos, Enterprise Risk Business Unit Head at Aon South Africa.

Mature companies need more than insurance to manage risk

Risk management is perceived by most people as simply buying insurance. As a result, many companies take out insurance assuming they will be protected from the risks that they face, which is a rapidly eroding model that doesn’t take stock of risks that are in fact only partially or completely uninsurable. (more…)

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Brad Toerien, CEO, FMI

Mind The Gap

According to the most recent ASISA gap study, South Africans are dangerously under-insured with only 47% of the life cover they’ll need, and only 45% of the disability cover they’ll need. However, when you look a little closer, a further problem emerges – the vast majority of disability cover sold are lump sum benefits (77%) […]

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Terrorism Pools show Public Private Enterprises how to adapt to a changing world

By Emma Karhan, Head of Terrorism Specialty and Reinsurer Relationships, Aon. As the world economy struggles to produce consistently strong growth, and with rising pressure on governments to increase public spending on welfare and services, there has never been a more important time for the re/insurance industry to step forward and provide solutions to alleviate […]

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Garth Napier appointed Managing Director of Old Mutual Insure 

Old Mutual Limited (OML) is pleased to announce the appointment of Garth Napier as Managing Director (MD) of Old Mutual Insure, pending regulatory approval. (more…)

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Spring clean your insurance

By Nthabiseng Moloi, MiWay Head of Marketing & Brand. Spring has finally sprung, bringing with it warmer days and the distinctive scent of jasmine wafting in the breeze. Typically, this new season filled with promise is one that triggers a desire to spring clean – to clear out the winter cobwebs and start afresh. (more…)

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The difference between carrier cargo liability and first party cover

Recently a marine insurer paid a heavy penalty after it was identified that they were breaking the Financial Advisory and Intermediary Services (FAIS) & Short-Term Insurance Act (STIA) regulations. The main issues were that the carrier/third party sold insurance to the cargo owners, and the policy was issued in the name of the carrier on […]

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The biggest loser in insurance fraud is our struggling economy

By Johan Welthagen, Head of Claims Support at Old Mutual Insure. Pulling off insurance fraud is harder than you may think, because of the sheer number of people standing between you and your payout. Sadly, claimants who attempt to defraud their insurance company not only put themselves in danger of criminal prosecution, they are also […]

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