While having third-party insurance is not yet compulsory in South Africa, the reality is that due to a tough economic climate, the average motorist simply cannot afford to cover the cost of causing an accident.

Understanding the implications of the concept of what a retroactive date is, is a critical aspect of a medical malpractice claims-made insurance policy.

The insurance industry is poised for a shakeup as consumers start taking a self-service approach to insuring themselves against theft, loss or damage to their valuable goods.

Karen Rimmer, Head of Distribution at PSG Insure, emphasizes the importance of insurance cover, especially for businesses, which are often more exposed to risks such as looting during times of unrest.

The sheer number of weather-related catastrophes over the past few years, and last year in particular, has shaken the foundation of the insurance market, signalling a looming crisis. Can insurance still be counted on to pick up the pieces when things fall apart?

It is international best practice for countries to have a deposit insurance scheme. Until now, South Africa was the only member of the Group of Twenty (G20) countries, which did not have an explicit deposit insurance scheme.