Short-term

ILASA and continued Professional development

The current focus of the Institute of Loss Adjusters (ILASA) is on Education and last month’s article revolved around the attainment of qualifications for Loss Adjusters via the Recognition of Prior Learning (RPL) Tool. A…
Short-term

In favour of the Insurer

Unroadworthy vehcles The Insured operated a transport business. During July 2008 one of the Insured’s mechanical horse and trailer combinations was involved in a collision, whilst carrying a load of fertiliser. Two persons were killed…
Short-term

Don't let catastrophe ruin your business

While there has been a rapid growth in the number of small or medium-sized businesses in South Africa over the last few years, up to 80% of these go out of business within the first…
Short-term

Intermediations, Delegation and Economies of scale

The existence in the short-term insurance industry of the two business models: those of intermediated carriers and those of direct carriers, is evidence that there is a place for both models in the market. Intermediated…
Short-term

Enrichment in motor vehicle claims

Requirement for Inspection Certificate The Insured filed a claim for damage to his motor vehicle which was damaged as a result of a collision. The Insurer later rejected liability for the Insured’s claim on the…
Short-term

Insurer puts premium on marketing culture

Seven years ago, Zurich insurance was not a healthy brand. The business had become bloated with expansion, posted first-half losses for 2002 of $2,03bn, and the chief executive was axed. It was on the edge…