The South African Insurance Association said its members did their bit by providing premium holidays, premium discounts and fast-tracked claim processes where possible. Insurers say they’ve used the money saved from lower vehicle claims to provide relief and premium discounts to customers. While they had fewer vehicle claims in 2020, the industry says it forked …. Read More
Gauteng and KwaZulu-Natal have been affected by unrest including looting, property damage and violence. Eleven properties of SA Corporate Real Estate Limited have been damaged due to unrest in KwaZulu-Natal and Gauteng, the listed company said in a notice to shareholders on Tuesday.Parts of South Africa have been affected by looting, violence, and property damage …. Read More
Mams Mall in Mamelodi, Pretoria. Property group Resilient – which owns shopping malls including Mall of the North, Limpopo Mall and Irene Village – has confirmed that two of its 28 shopping centres – Jabulani Mall in Soweto and Mams Mall in Mamelodi – have been damaged in recent riots.The company said that its centres were typically secured with a double security …. Read More
• Civil unrests are on the rise in South Africa, putting personal property at risk.• Car owners should ensure that Sasria cover is added to their insurance policies.• Sasria is a state-owned entity that covers for loss due to protests and civil unrests.• For more motoring stories, go to Wheels24With an average of 2.26 protests per day over …. Read More
Standard Bank CEO Sim Tshabalala. (File photo: Gallo Images) Standard Bank has made an offer to buy out all shareholders in Liberty, which will hike its stake in the life insurance and investment business from 54% to 100%.While the companies already cross-sell banking and insurance products to their clients, Standard Bank wants to bring the …. Read More
Insurance companies will feel the pinch as businesses start to rebuild. Photo: Gallo Images/Sharon Seretlo Chaos. That’s how the last few days in South African could be described in one word. Malls have been set on fire, business looted and jobs lost in three provinces. Since then, we have seen communities band together to try to …. Read More
While some claims will be assessed by heavyweight insurers such as Old Mutual Group and Santam, the bulk of the burden will fall to state-owned Sasria.Sasria is not disputing the merits of claims related to the riots, only watching out for cases of fraud, the insurer says.Many people and companies with Sasria policies may not …. Read More
A Naspers startup fund has added Ctrl, a digital short-term insurance advice platform, to its stable. Naspers says Ctrl is a great example of using technology can improve traditional business models.Ctrl is a one-stop digital short-term insurance advice platform founded in 2017.The investment is part of Naspers’ R1.4 billion commitment to grow early-stage tech companies.A …. Read More
