Insurance articles
St Francis Bay claims now R20 million
M&F said this week that it has registered claims worth around R20 million.
Life insurers see rise in fraudulent claims
SA life insurers saw an increase in the value of prevented fraudulent death, disability and funeral cover claims in 2011.
Jamming device scam still problematic for SA drivers
The jamming device scam is still a popular tactic among vehicle thieves, warns MUA Insurance Acceptances.
Consumers shunt risk cover in favour of retirement savings
Life, disability and dread disease cover is being neglected in favour of saving for retirement say ASISA.
Kirk: Insurance premiums set to increase
Santam’s CEO warned that premiums are set to increase due to subdued growth and increasing reinsurance and operational costs.
Clock ticking on compulsory motor insurance
The introduction of a basic motor insurance product could see the reintroduction of compulsory cover says Santam’s CEO.
Beware of underinsuring valuables
It’s possible to grossly underestimate the value of your belongings, which could leave you short changed after a fire or burglary.
Ex smokers pay up to 120 per cent more for life cover
Informing your insurer that you’ve quit smoking could drastically reduce your premiums.
Driverless vehicles could impact insurance premiums
Insurers could reduce their car insurance premiums if Google’s driverless car is introduced into SA.
LMS raises concern over medical costs
Liberty Medical Scheme warns that the absence of tariff guidelines may be detrimental for consumers.
Poor maintenance may result in motor claim repudiation
Insurers could reject motor accident claims if proper safety precautions aren’t taken.
Suspended drivers could face insurance claim rejections
Drivers that have had their licences suspended could face having their insurance claim repudiated.