Understanding when to take out a Guarantee Policy Most short term insurance policies, while insuring different risks have a similar legal format. In return for the payment of a premium, the insurer agrees to accept a certain risk that the insured client has. The risk is not a certain one and in almost all cases […]
What keeps Insurers up at night?
Insurers need to adapt to many challenges to stay relevant. Short Term Insurers are currently being challenged with many different issues which they have not had to deal with before, they have had to adapt many of the practices of the past to make sure they are still able to operate and stay relevant, never […]
What is the best route for regulating the insurance industry?
The cases between government or industry self regulation In the insurance industry today, there is quite a lot of debate as to what is the more effective route to go with respect to making sure there is fairness and good governance within the short-term insurance industry. Is regulation and legislation from the regulator and parliament […]
Fires burn both clients and insurers
Insurers should bear in mind that fire claims are always large Two very serious fires over the last insurance period has made it very clear to insurers in South Africa and perhaps further afield in the reinsurance industry the real danger that these large fires can present in terms of insured losses as well as […]