Insurance Biz

Sign up to receive the Insurance Biz Weekly Dossier directly into your inbox every Friday morning. We provide industry updates, general advice by qualified #brokers, #opinions pieces, #life and #nonlife articles, #wealth and #investments, financial planning and the #economy. #insurance #insurancenews #insurancebiz2023 #insurancepolicy #wealthadvisor #financialadvisor #intermediaries

"#Solvency is a critical element for the ongoing #viability of any #FSP, and #compliance with the solvency requirements is of utmost importance. This is relevant to the #financial customer #protection objective of the Authority," explains the FSCA South Africa #insurance #insurancelicence #financialserviceprovider #fscapenalties #solvencyrequirements #customerprotection Ithala SOC Limited

“#Access to affordable #healthcare remains an ongoing challenge for many South Africans and as a trusted #insurance provider and advisor to our customers, this #solution aligns with our overarching healthcare ambitions and commitment to offer true help to our #customers," says Lee Bromfield, CEO of FNB Insure. #insurance #insurancerisks #healthcare #healthcareinsurance #riskmanagement #fnbinsure #fnbinsurance #oneplan FNB South Africa Bryte Insurance Company Limited #oneplanunderwritingmanagers

“In industry, the most common types of #fire pumps seen are #centrifugal pumps, which enhance water pressure by the action of a centrifugal force. Water in centrifugal #pumps enters the suction inlet of the pump and passes to the centre or eye of the impeller. The impeller rotates which drives the water centrifugally to the rim where it is discharged from the pump at elevated pressures,” says Imraan Moolla, a senior risk consultant at Aon South Africa. #insurance #insurancerisks #firerisks #fireprotection #propertyinsurance #riskmitigation #riskmanagement

"A career in #insurance is probably the best-kept #secret. I started my #career in 1998 in a postroom in #Manchester, UK, for the Independent Insurance Group plc. Since then I have had various roles which have transitioned into #leadership positions, and consider it a privilege to be in a position to share the learnings with my colleagues and the #market at large," says Emeka Akwiwu, Executive Director, Continental Reinsurance Plc. #leadership #reinsurance #insurance #insuranceleaders #reinsuranceleadership #africa

“Without #insurance to #cover the damages, you would be left to shoulder the burden of #replacing these #assets while continuing to meet your #loan obligations. The #financial strain of such a scenario could be overwhelming and potentially derail your long-term financial goals,” says Karen Rimmer, Head of Distribution at PSG Insure. #insurance #financialplanning #insurancepremiums #insurancecover #wealth #wealthcreation

“Different life stages require different types of #insurance coverage. Whether it's for your #car, #home, or #business, consider what you need to #protect and why. If you find it difficult to piece together, there are so many #brilliant #financial advisers out there ready to give you the right advice," says Momentum Insure CEO, Brand Pretorius. #insurance #insurancepremium #insurancecover #financialplanning #financialplanning #insuranceadvice

"We rent up to half a #hectare of land from various #farmers to conduct our simulations across different regions. At the end of the trials, we #collate the #data to determine if we should change our #assessment procedures as our goal is always to pay the #farmer what he should be getting out," says Daniel Stevens, Executive Head: Santam Agri Crop. #agriculture #climatechange #riskmanagement #GDP Santam Insurance

The Allianz Risk Barometer 2024, based on insights from over 3,000 #risk management #professionals and business #leaders, highlights the growing importance of addressing risks to ensure business #continuity and safeguard against potential #disruptions. #insurance #insurancerisks #allianzbarometer #riskbarometer Allianz Commercial

“I am very fortunate to have been #mentored. Growing up, I didn’t know what the #financial services industry entailed. I come from a family where many of the older women were domestic workers or predominantly employed in the #informal sector. Yet here I am today with rich #experiences thanks to #educational opportunities, and the mentorship of generous #leaders,” says Palesa Ntoagae, Human Capital Executive, Old Mutual Insure.