Tarina Vlok, Managing Director at Elite Risk Acceptances, offers insights on how musicians and collectors can protect and safeguard their high-value instruments against unforeseen loss. The story features South African violinist Petrus De Beer, who recently reunited with his 1896 Léon Fischesser violin, valued at €17,000 (approximately R325,000), which unfortunately was not insured at the time of its loss.

Reinstating mandatory third-party motor insurance is crucial in South Africa, given the high prevalence of road accidents on our roads. The consequences of a car accident can be financially devastating for victims, particularly when the motorist faces exorbitant repairs or replacement costs.

As we approach World Savings Day on 31 October, it's an opportune time to reflect on the pillars of financial security. While saving is a fundamental aspect of financial planning, short-term insurance often stands as the unsung hero that underpins true financial stability.

South Africans should pay careful attention to weather warnings, consult weather services before travel, and ensure that their assets are always correctly maintained to provide better protection in cases of extreme weather.

As South Africa’s non-life insurance industry faces a critical shortage of specialized skills, the South African Insurance Association (SAIA) is actively addressing the challenge through its Retiree Repurposing Programme (RRP). This mentorship initiative, launched in partnership with INSETA, IISA, and FIA, allows seasoned retirees to pass their invaluable expertise to emerging industry professionals.

With the festive season fast approaching, it’s crucial to plan your finances carefully to ensure you manage your money wisely and don’t end up in a Janu-worry scenario. A financial audit is a great way to check if your finances are working as hard as they can for you and where there may be opportunities to save.