Aug 9, 2024 | 2024, insurance, insurance news, South Africa
Major changes are set to be made to South African insurance products as the Prudential Authority approved the launch of weather index-based products to mitigate against an insurance crisis due to climate change. South Africa’s insurance industry has come under...
Jul 19, 2024 | 2024, AI, insurance, insurance news, Latest Insurance Articles
Partnering is vital for insurers to ensure they are able to effectively combat fraud. This is one of the messages to come out of the Insurance Crime Bureau (ICB) conference, held under the theme of “Breaking Barriers & Building Bridges for the Future”. It saw more...
May 17, 2024 | AI, insurance, insurance news
Despite higher inflation, interest rates and cost of living, the South African insurances market experienced a revival during the last two years, with the gross written premium across the local insurances market expected to show an annual growth rate of 5,14% from...
May 3, 2024 | 2024, AI, insurance, insurance news, Latest Insurance Articles
Artificial intelligence (AI) has been instrumental in shaping the insurance industry for the past few years and insurance providers have integrated AI models with established methodologies from the actuarial sciences to enhance risk analysis and streamline claim...
Apr 12, 2024 | insurance, insurance news, Latest Insurance Articles, South Africa
The garage is one of the most versatile value-adds to a property. But did you know that under certain circumstances, it may not be covered by your insurance? We all have ‘that’ room, the one where junk is stored, or tools are kept, and this is very often the garage....
