Aug 30, 2024 | 2024, insurance, insurance news, Latest Insurance Articles, South Africa
South Africa’s general insurance industry is set to grow at a compound annual growth rate of 5.8% in the next four years, according to a forecast by GlobalData. The global analytics and data company predicted that the value of gross written premiums in the country...
Aug 16, 2024 | Climate Change, insurance news, Latest Insurance Articles, South Africa
Old Mutual Insure welcomes the recent move by the Prudential Authority (PA) of South Africa to allow insurers to develop innovative weather index-based products. “We commend the PA for strengthening our nation’s resilience against climate catastrophes. By doing...
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 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....
Mar 22, 2024 | insurance, insurance news, Latest Insurance Articles
Let’s get one thing out of the way straight out of the blocks: insurance is a grudge purpose. No one likes handing over money in case something happens. Sure, they’re grateful to have it when something bad happens, but most people will have that nagging voice in their...
