Tag: insurance premiums

Artificial Intelligence (AI) is taking the world by storm, especially with the latest tech hit, ChatGPT, going viral. If you haven’t heard of or tried ChatGPT, it’s a highly advanced AI tool that you can use to ask any question, and in return, it will provide you with an intelligent, well-written answer back - all within seconds.

Brokers are a feature of the medical schemes market and subject to extensive regulation in terms of the Medical Schemes Act, its regulations, and circulars issued by the Council for Medical Schemes (CMS). The CMS has announced it intends to revise Circular 20 of 2010, the prevailing circular dealing with brokers and has called for public comment.

There have been many instances where people have received large sums of money from an insurance pay out and have blown it all unwisely. The TV series I Blew It shows a few examples of this and many have experienced this first hand or seen family and friends go through the same.

As activity bands become better at collecting health data, life insurance is catching up. When someone first coined the phrase 'grudge purchase', the description was probably most apt for insurance, of any kind: spending money 'just in case' of a damaging occurrence.

The Internet of Things (IoT) has been a hot topic for a number of years, but the pervasive and affordable connectivity required for successful deployment has held back its progress. This is rapidly changing, with the rollout of fibre to the home, 5G and even Elon Musk’s recently launched Starlink satellite.

About 7 million South Africans have funeral insurance; this is according to Finscope’s 2019 statistics. This figure underlines the importance we place on making sure our loved ones have a dignified send-off. The question to be asked is whether it is necessary to have both types of insurance policies to achieve long-term financial stability.

Hollard Namibia’s resistance to paying COVID-19 claims puts vulnerable San community and tourism sector in peril. We have turned our attention to Namibia, where Hollard Namibia is refusing to settle Business Interruption claims, placing the San community, the tourism sector and conservation efforts in acute distress.

The year 2020 came about with a great amount of hardships and offered critical financial lessons such as, having an emergency fund; the importance of budgeting and having sufficient insurance cover to protect yourself and your loved ones. The New Year provides an opportune time for one to reflect, take stock and review their insurance covers to ensure that they are financially prepared to handle any unexpected turns this year.

2020 is not coming up roses in the economy department and all indicators point to a tough year for consumers. In tough times, looking for ways to cut back, save, and make your money work harder for you, is always a good idea.

Being involved in a car accident is a traumatic event in itself, so the news that your vehicle is damaged beyond repair is never going to be an easy pill to swallow. While insurance will undeniably soften this blow, the reality is that there are so many variables at play when dealing with a write off and many people – even those with the most seemingly comprehensive insurance policies – come out feeling hard done by.