Latest News & Developments
insurance
Why every working mother needs short-term insurance to safeguard her family's future
Protecting the protectors: The vital role of short-term insurance for working mothers.
Family claims insurance motive in murder of Limpopo nurse Morudi Phetla
The family of 64-year-old Morudi Frank Phetla, a respected nurse found murdered beneath the Mabintana Bridge, believes his wife and two accomplices killed him for insurance money.
Essential guide to car insurance: How much coverage do you truly need?
With less than 35% of South African motorists insured, understanding car insurance coverage is crucial.
Why Capitec’s funeral cover strategy is beating legacy insurers - Tech Tides Africa
Discover how Capitec Bank's innovative funeral cover strategy, priced at R102. 95 compared to R360. 00 from competitors, is transforming the insurance landscape in South Africa. Explore the insights from Tim Treagus and learn what this means for consumers and the industry.
Inseta defends 97 percent performance record against Outa's 'false' audit claims
The Insurance Sector Education and Training Authority (Inseta) hits back at Outa's 'demonstrably false' allegations, citing its 97% operational performance and support of 62,000 beneficiaries while challenging claims about audit irregularities.
Essential tips for South Africans facing increasing insurance premiums
With short-term insurance premiums on the rise, South Africans must navigate financial pressures wisely.
Abductions: Why you should seriously consider kidnap and ransom insurance in South Africa
With over 17,000 kidnappings reported in South Africa in 2023/24, experts urge individuals and businesses to consider kidnap and ransom insurance for financial protection.
Budgeting for an uncertain future: the importance of short-term insurance in South Africa
Balancing priorities while preparing for unforeseen circumstances is crucial, and one of the most effective ways to do this is through the lens of short-term insurance.
Momentum Group leads the pack after all its businesses report strong interim growth
Momentum Group's share price surged over 10% following a remarkable 44% increase in normalised headline earnings to R3. 4 billion for the six months ending December 31, showcasing strong performance across all business units.
Breaking barriers in the battle against fraud
Meet Evadne Mapoe, the trailblazing first female investigator at the Insurance Crime Bureau, who's breaking barriers in a male-dominated industry while protecting South Africans from identity theft and insurance fraud.
Over R10 million insurance scam: Daughter’s bail application postponed to April
Madjadji Flora Shokane stands accused of a chilling series of crimes, including the alleged murder of six people, as well as fraudulently cashing in over R10-million in insurance claims linked to the victims.
Old Mutual's robust growth trajectory likely to continue into 2025
Old Mutual announces a 14% rise in adjusted headline earnings for 2024, alongside a new digital banking initiative and a focus on enhancing shareholder returns.
KZN woman loses R6m life insurance claim
A KwaZulu-Natal woman lost a R6-million life insurance claim after her late mother misrepresented her income on the application form.
Life insurance claim denied: A cautionary tale of misrepresentation
A KwaZulu Natal woman lost a R6-million life insurance claim after her late mother misrepresented her income on the application form. The case highlights the importance of full disclosure in insurance policies
How to navigate insurance claims for storm damage
Extreme weather events can wreak havoc on your property, but understanding how to navigate insurance claims can help you recover more swiftly.
Clientèle employee debarred after misleading client into R100,000 funeral policy while she thought it was a loan
The client submitted a loan application through Clientèle's website and later received a phone call that misleadingly offered her a funeral policy, presenting it as if it were a loan.
Clientèle reports steady performance bolstered by 1Life acquisition
Clientèle's latest financial results reveal a 217% surge in earnings per share, driven by the R469. 1 million gain from the 1Life acquisition. Despite challenging economic conditions affecting customer affordability, the group maintains optimistic outlook with strategic growth initiatives
Sanlam reports strong earnings growth and strategic partnerships for future success
Sanlam announces robust earnings growth for 2024, driven by strategic partnerships and market expansion across Africa and India.
Santam reports 51% growth in annual earnings despite weather-related claims
Tavaziva Madzinga, Santam’s Group CEO, characterised 2024 as "a difficult year with tailwinds and economic constraints". Despite this the group showed steady growth, with headline earnings per share rocketed 51% to 3 477 cents from 2023.
Santam delivers robust financial growth despite weather challenges
South African insurance leader Santam demonstrates resilience with a remarkable 51% increase in headline earnings, strong premium growth, and improved underwriting margins, despite challenging economic conditions and weather-related claims.
OUTsurance Holdings set for bumper earnings growth amid lower insurance claims
OUTsurance Holdings Limited anticipates substantial earnings growth of up to 47% in the latest half-year results, driven by reduced claims and strong premium growth across its operations. The group's Australian and South African units show remarkable performance, despite challenges from currency fluctuations and new market ventures.
Sanlam expects 40% hike in annual earnings
South African insurance leader Sanlam anticipates exceptional growth across its business lines, with headline earnings projected to rise by up to 40% in the 2024 financial year.
Momentum Group shares surge 10% on robust half-year earnings forecast
Momentum Group's shares climb 10% following an impressive trading statement that reveals a 50% increase in headline earnings, driven by strong operational performance across all business units and improved market conditions.
AVBOB under fire for controversial R4,000 funeral payout after 22 years of premiums
AVBOB faces backlash as a woman reveals her shocking R4,000 funeral payout after 22 years of contributions.
Expired driving permit does not invalidate hijacking insurance claim
The National Financial Ombud Scheme South Africa ruled that an expired professional driving permit does not affect the validity of an insurance claim following a hijacking incident