With the increase in direct-to-consumer insurance products and companies, many consumers have questioned the need for an intermediary – or broker – at all. Santam, who has been in the business of insurance for more than 100 years, believes that … Continue reading →
Scamsters have targeted the customers of several vehicle tracking companies in South Africa. Vehicle tracking customers are being contacted by the scamsters who are pretending to work for the vehicle tracking company. They advise the customer that there is something … Continue reading →
For those of you that are not aware, cybercrime is on the increase in a massive way, and business email compromise, impersonations and payment fraud are rife. This has only been exacerbated by teams working remotely and tough economic times, … Continue reading →
It might seem like an option when times are hard, but cancelling or reducing your insurance cover is not a good idea: it can be catastrophic if you need to claim and find yourself without any form of cover or … Continue reading →
Finding purchases or transactions on your bank statements that you cannot explain? Receiving credit cards or statements for accounts that you never applied for? Denied credit for a purchase, even though your credit record is clear? Chances are that you’ve … Continue reading →
The importance of policy wording was underlined again in the UK’s comprehensive High Court analysis of 21 samples in coverage extensions for business-interruption COVID-19 related losses recently. At times the hearing sounded more a semantics class than a court case. … Continue reading →
With new health and safety protocols in place, travel in 2020 and going into 2021 looks quite a bit different to years gone past. There are plenty of incredible destinations you can explore closer to home, and also to countries … Continue reading →
“OSTI remains an independent organisation. It continues to deliver fair and just outcomes,” the chairman of OSTI’s board, Haroon Laher, recently noted. Understanding the Ombudsman for Short-term Insurance’s (OSTI) role in resolving disputes is essential to developing a better relationship … Continue reading →
Research suggests that digital financial fraud may see a surge of up to 80% this year. Just in the last week, we were exposed to various incidents, with the Experian South Africa data breach being the latest. Although organizations are … Continue reading →
The risk management process starts with establishing the context of an organisation, followed by the identification, analysis and evaluation of risks. The next step requires that risks are treated effectively to ensure they are within the organisations risk tolerance or … Continue reading →