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Insurance visionary and Steyn City founder, Douw Steyn dies at 72
Douw Steyn’s dream of building a city within a city materialised with the launch of Steyn City, a 2000 acre residential and lifestyle estate in northern Johannesburg.
Douw Steyn, visionary entrepreneur and insurance pioneer, dies at 72
Douw Steyn, the insurance titan who transformed the industry with innovative practices and an unwavering commitment to South Africa, has died at the age of 72. His extraordinary legacy will be remembered not only for the immense scale of the successful businesses he built spanning seven countries but also for his deep-seated dedication to the citizens of his homeland.
Navigating uncertainty: insurance in the time of economic and geopolitical turmoil
The South African insurance industry faces compounding hurdles that demand adaptability and innovation.
Los Angeles wildfire economic loss estimates top $50bn
AccuWeather, which estimates the loss between $52 billion and $57 billion, added that if the fire spread to densely populated neighborhoods the current estimates for loss would have to be revised upward.
5 Stars: Online reviews are dictating purchases in the SA insurance market
The digital age has empowered consumers to share their experiences with brands to a much larger audience and, thanks to dedicated review platforms like HelloPeter, this is forcing brands to prioritise the customer experience like never before.
Stay covered this festive season - the essential role of Gap Cover in SA's holiday safety
It is a period marked by a significant rise in accidents and injuries, making gap cover an essential consideration for many South Africans.
Insurance non-disclosure could lead to denied claims or legal action
In the world of business, keeping insurance policies up to date is not just a formality, it is a critical obligation.
‘Losing weight is as easy as changing your insurance company’ - Ad Board dismisses ‘insensitive advert’ complaint
‘I struggle with an eating disorder, and I have had serious struggles with that in the last weeks because I keep hearing this awful ad. ’ - Consumer hauls Naked Insurance to Ad Regulatory Board, but loses.
Lead Ombud for Non-Life Insurance Edite Teixeira-McKinon offers advice to policy holders | The Big Interview
There are a number of challenges that South Africans in the insurance ranging from affordability to language barriers.
Claims data reveals unexpected expensive days
In its new advert, ‘Budget away expensive days’, Budget Insurance uses years of claims data to reveal which day of the week could be expensive for those who do not have insurance cover in place.
South Africans name the best insurers in the country - index
South Africans have had their say and named the best insurers in the country.
Common mistakes to avoid when purchasing travel insurance
As holiday plans take shape, many travellers overlook a crucial detail: the timing of their travel insurance purchase. Here’s what you should know to make sure you’re adequately covered for travel.
Sanlam’s share price falls after deal to acquire a 25% stake in African Rainbow Capital Financial Services
Once the transaction is complete, ARC FSH will hold 100% of the shares in ARC FSI, together with its existing investments in TymeBank, AI Fund, CrossFin and Ooba.
Nonhlanhla Nxele - Old Mutual Black Distributors Trust participant makes history as first black woman to win FPI award
Nonhlanhla Nxele has been awarded the Financial Planning Institute’s prestigious “It Starts With Me” award.
Information Regulator report recommends release of insurance claims data
The 47 535 records the IR has recommended be released relate to 9 799 total complaints received in 2018, 10 376 received in 2019, 14 198 in 2020, and 13 162 during 2021.
Insurance ombudsman’s independence is questioned by forensic expert
Forensic expert Stan Bezuidenhout, who assists clients facing insurance repudiations, said he had sought data from the ombud scheme, but his request was met with “hostility and accusations”.
Top insurance considerations for up-and-coming entrepreneurs
While insurance might not be the most exciting step in building a successful brand, it could be invaluable when the unexpected happens.
Keeping a healthy rapport with a client and insurance advisor ‘negates taking uninformed decisions on insurance products’
Insurance advisors conduct a client profile, identify risks, advise on emergency planning and recommend ways in which you can protect your assets and valuables.
An Insurers guide to saving big on your car insurance
IOL recently spoke to car insurance experts at Budget Insurance to find out how South Africans can stay insured, and benefit from lower monthly premiums.
Sanlam share price rises on MultiChoice deal to expand in Africa
MultiChoice, which has subscribers in 50 countries in Africa, and which is currently being acquired by French global broadcaster Canal +, will use the cash proceeds from the deal for working capital purposes. Sanlam, which has becoming a pan-African insurance and financial services leading group as a core part of its strategy, already does business in more than 30 African countries
Hanratty agrees to extend term as Sanlam head to 2027
Hanratty was appointed chief executive on July 1, 2020, and has been a member of the board since 2017. He has been a non-executive director of MTN since 2016, and is the non-executive chair of Intelligent Debt Management, an online search showed.
Judge rules in favour of mall owners, says insurers didn’t read contract properly
In November 2022, Fourways Mall owners started legal action to claim business interruption insurance for loss of rental income during the pandemic, arguing that insurers had indemnified them against loss caused by infectious and contagious diseases.
Santam activates ‘Catastrophe protocols’ to deal with bad weather as claims skyrocket
This past weekend high gale force winds resulted in the spread of fire in the areas of Stellenbosch and Fish Hoek area.
Discovery reports six months’ strong new business growth
The Discovery Group said it delivered robust profit and new business growth in the six months to December 31, 2023.
OUTsurance set to open Ireland office in three months
The company is following much the same model they had used in setting up their successful Youi Insurance operation in Australia 15 years ago, and significant and sufficient capital had been provisioned for the new business for the estimated five years it would take to reach break-even in Ireland.