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Press Archive »

Turning unclaimed benefits into windfalls

Published: Wed, 26 Apr 17

There’s an estimated R20bn in unclaimed benefits across 3. 5 million policy holders in South Africa. This massive sum represents both an obligation and an opportunity for financial services providers and advisers. Metropolitan recently took significant steps to disrupt this market by using an unconventional ...
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Liberty injects prowess into growing entrepreneurs in partnership with Standard Bank

Published: Tue, 25 Apr 17

Johannesburg: Liberty today officially unveiled the 1st co-hort of Female Entrepreneurs that have been developed through the Lionesses of Africa Accelerator Programme in partnership with Standard Bank. This 12-week progression programme was aimed at equipping female entrepreneurs with the necessary skills and networks ...
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Laws amendment to accommodate health insurance demarcation regulations

Published: Tue, 25 Apr 17

      Patrick Bracher, Director Norton Rose Fulbright South Africa Inc.   The pending changes to the Medical Schemes Act and the Long-term and Short-term Insurance Acts to accommodate the demarcation regulations were made on 1 April 2017 including the new definition ...
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Demystifying five common life insurance myths

Published: Mon, 24 Apr 17

            Lee Bromfield, CEO of FNB Life                   Despite increasing awareness about the importance of having life insurance, some consumers remain confused and undecided ...
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Choc-filled April is Health Awareness Month – Seriously?

Published: Fri, 21 Apr 17

April is the month when South Africans hold their last sunshine-filled lunchtime braais, where long weekends force us all to wind down just a little and when many of us indulge in chocolates of all kinds – from boxfuls of ubiquitous marshmallow eggs, to all sorts of sweet treats. The month certainly ups the ...
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All woman cancer policy puts more women first

Published: Thu, 20 Apr 17

According to the American Cancer Society, cancer deaths among women are set to rise to 60% by 2030. This is a frightening statistic and thought, one which reiterates the importance of women having adequate dread disease cover in place. “We can all do the best we can to mitigate the risks of developing ...
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The holidays are the best time to review and update your life cover

Published: Wed, 19 Apr 17

At this time of the year, families across the country embark on long journeys to distant holiday destinations. However, very few travelers fully understand the level of risk they’re putting themselves and their family under. According to the 2016 road safety report, 156 people died during the Easter ...
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FSB Fines Assupol R500 000 for Long-term Insurance Act Contravention

Published: Wed, 19 Apr 17

The Registrar of Long-term Insurance (the Registrar) referred a case against Assupol Life Limited (Assupol) to the Enforcement Committee of the Financial Services Board. During the period August 2014 to June 2016 Assupol remunerated its independent intermediaries by way of permitting them to share in underwriting ...
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FNB now offers life cover instantly on digital platforms

Published: Tue, 18 Apr 17

            Lee Bromfield, CEO of FNB Life                     FNB Life has taken the next step in its digital evolution by giving customers the option to take up and manage ...
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More important than ever to have a financial plan and stick to it

Published: Thu, 13 Apr 17

Johannesburg: Two weeks have passed since political drama caused havoc in markets yet again, this time with very serious consequences for the South African economy, consumers and investors. “Economic storm clouds are gathering. More and more analysts and investment strategist are mentioning the dreaded ‘recession’ ...
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One time when ‘too good to be true’ is true

Published: Tue, 11 Apr 17

There is an estimated R20bn due to as many as 3. 5 million South Africans in pay-outs from financial services policies, which have not been claimed. The unclaimed benefits space is getting a long overdue disruption. Deidre Wolmarans, Head: Life Events Solutions at Metropolitan, says that most of the money is residuals ...
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From Inclusive Growth to Radical Economic Transformation

Published: Mon, 10 Apr 17

    Jac Laubscher, Economic Advisor: Sanlam Limited       The rationale given by President Zuma for his recent cabinet reshuffle is to improve the efficiency and effectiveness of the government in furthering the agenda of “rapid economic transformation” ...
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What's Your Back Pocket Story?

Published: Fri, 07 Apr 17

      Jacques de Villiers www. jacquesdevilliers. com       There are times in the life of a professional speaker where he or she is going to run into trouble. Most speakers have stories from their lives and should have them ready in case things go wrong ...
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Left behind - Surviving the death of your business partner

Published: Wed, 05 Apr 17

Have you ever wondered what would happen to your business if one of your business partners were to die? If you’re a small business this can be a very difficult time – not just emotionally, but from a complex administrative perspective as well. “Recently this affected a new client of mine, who co-owned ...
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Cancer remains the biggest cause of claims, says Liberty

Published: Mon, 03 Apr 17

This highlights the importance of life protection   Johannesburg: As the largest writer of new risk business in South Africa since 2003 and the first insurer to publish its Claim Statistics, Liberty has once again proven that it is committed to protecting its customers and their families against life’s ...
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The role of underwriting in life insurance

Published: Wed, 29 Mar 17

            Dr Dominique Stott, Executive Medical Standards and Services at PPS                 The purpose of life insurance is to ensure that the policyholder has peace of mind in the event ...
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Insurance firm rebuked for shoddy service

Published: Mon, 27 Mar 17

      Judge Ron McLaren, Ombudsman for Long-term Insurance           Cape Town: Insurance company Channel Life has been rapped on the knuckles by the Ombudsman for Long-term Insurance Judge Ron McLaren for its “lackadaisical” ...
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You are your family’s most precious asset

Published: Wed, 22 Mar 17

‘Insurance’ is a word usually avoided in conversation and generally considered a grudge purchase. Alexander Forbes Life Head of Actuarial and Specialist Services Joretha Bothma says the vast difference in the ratio of South Africans with life cover and those with short-term vehicle insurance “indicates ...
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Consumer experience and efficiencies: the core focus for the FSB’s transition to FSCA

Published: Mon, 20 Mar 17

            Advocate Dube Tshidi, Executive Officer at FSB                     It has been said many times that that the only constant is change. This rings true for the Financial ...
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Plan ahead for tombstone unveiling costs

Published: Wed, 15 Mar 17

            Lee Bromfield, CEO of FNB Life                     Consumers who don’t adequately plan for post funeral expenses may find themselves having to borrow money ...
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Facultative Certificate:

A document formalizing a facultative reinsurance cession of reinsurance.
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