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LSG Insurance

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Category Archives: News

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Create a Better Future for the More Vulnerable

LSG Insurance Posted on February 19, 2021 by simonFebruary 19, 2021

Fire is one of nature’s most destructive forces, and in the blink of an eye can consume lives and homes. For South Africans living in informal settlements, it’s an ever-present threat. But we can all do something positive about the … Continue reading →

ST Ombud Clarifies Difference Between Private, Business and Commercial Use

LSG Insurance Posted on February 18, 2021 by simonApril 12, 2021

Upon entering a contract for a motor insurance policy, it is very important for financial advisers to clarify what the intended use of the vehicle is in order to determine the correct risk profile and to calculate the appropriate premium. … Continue reading →

Pandemic Spurs Increase in Liability Claims

LSG Insurance Posted on February 17, 2021 by simonFebruary 17, 2021

The only constant in the world of insurance is that the risk landscape is continuously evolving, and the events of 2020 have served as a stark reminder of this. The third Annual SHA Specialist Risk Review 2020 highlights some of the major … Continue reading →

SHA 2020 Risk Review Report

LSG Insurance Posted on February 12, 2021 by simonFebruary 12, 2021

Source – SHA Risk Specialist

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FSCA Issues Warning on Investing in Crypto Assets

LSG Insurance Posted on February 8, 2021 by simonFebruary 8, 2021

In the wake of the recent Mirror Trading International Proprietary Limited debacle, the Financial Sector Conduct Authority (“FSCA“) has again cautioned investors against investing in crypto assets, which are currently not regulated by the FSCA. In a press release issued … Continue reading →

Risk Protection from Pandemic Becomes Vital

LSG Insurance Posted on February 3, 2021 by simonFebruary 3, 2021

People remain highly vulnerable to the impacts of COVID-19 and other pandemics, and the implications for individuals, families and employers are onerous Countries across the globe are facing a second wave of COVID-19 infections, driving home the realisation that this … Continue reading →

Arrest & Criminal Record for not Wearing a Mask

LSG Insurance Posted on February 1, 2021 by simonFebruary 1, 2021

“7,000 people have already been arrested for not wearing masks and most of them now have criminal records” (Police Minister Bheki Cele in mid-January) We all know that wearing a face mask is the right and the safe thing to … Continue reading →

When Claims Get Rejected

LSG Insurance Posted on January 25, 2021 by simonJanuary 25, 2021

Too little, too late On 14 November 2016, Mrs H lodged a claim with her insurer for lighting damage to her household items. The insurer rejected the claim on the basis that the damage was not caused by an insured … Continue reading →

2020 Lessons pave the way for better New Year decision making

LSG Insurance Posted on January 18, 2021 by simonJanuary 18, 2021

South Africans are ready to start the year on a healthier and brighter note. This time last year many of us had vastly different expectations than where 2020 took us, including: • We expected muted economic growth as policymakers and … Continue reading →

FAIS OMBUD ANNUAL REPORT – 2020

LSG Insurance Posted on December 7, 2020 by simonDecember 7, 2020

During the 2019/2020 financial year the Office of the FAIS Ombud received a total of 8835 new complaints – a reduction of 5.23% from the 9323 received during the 2018/2019 financial year and the 10 211 received during 2017/2018. In the … Continue reading →

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