Hollard Group’s life insurance pay-outs soar to historic highs during Covid-19 pandemic
March 25, 2021
By: Hollard Insurance Group The Hollard Insurance Group, South Africa’s largest privately owned insurance group, reported that it has paid out the highest death benefit claims in its 41-year history in the period since March…
BrightRock announces strong growth in 2020
March 24, 2021
Now in its 10th year, needs-matched life insurer BrightRock announces strong growth in 2020, despite COVID-19’s challenges. Key performance indicators Total cover in force exceeds R350 billion, up by 13.7% from 2019. Total annualised premium…
By: Assupol Over 1,500 Assupol clients are projected to receive an average of R27,000 each in pay-outs, as part of the almost R42 million in Cashback benefits that Assupol intends to pay to clients between…
Sanlam pays out over R162-Million in COVID-19 claims
September 22, 2020
R162-million of COVID-19 related claims were paid by Sanlam Individual Life between March and August 2020; with over R17-million paid to clients for sickness and income protection benefits and over R144 million paid in death…
Regulatory obligations for the life insurance sector
August 26, 2020
By: FIC By effectively meeting their regulatory obligations in terms of the Financial Intelligence Centre Act 38 of 2001 (FIC Act), the long term insurance sector plays a vital role in ensuring the integrity of…
COVID-19 poses challenges and opportunities for multiple industries all over the word. Timeous innovation allows companies and industries to ensure their products stay relevant when
Simply and PaySpace achieve an Insurtech first
March 2, 2020
Around 2 years ago, Simply launched Group Cover, a digital group life product for SMEs. For the first time in SA (and probably the world) small- and medium-sized businesses could buy life,
A Sleeping Giant Awakens
February 26, 2020
Around the world, the life insurance industry has been slow to evolve, putting it out of step with banking, short-term insurance and the retail industry. To advance and grow in a digital age
