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The Hidden Cost of “Quick and Easy” Insurance
In today’s fast paced AI world, we are bombarded with insurance advertisements promising quotes in under a minute or two, guaranteed claim payouts, littered with small fine print and those “subject to” asterisks. They also promise premium savings that seem too good to be true. Because often, they are. Some insurers in South Africa…
Read MoreLithium Fire: Your Firefighting Equipment Will Likely Fail
Lithium-ion batteries have become a cornerstone of modern energy storage, powering everything from solar systems and electric vehicles to home backup solutions and business operations. In South Africa, the widespread adoption of these batteries has been fueled by the need for reliable power during load shedding. Businesses use them to ensure uninterrupted operations and reduced…
Read MoreBefore You Buy – Vehicle Theft Risk Advisory
Vehicle theft and hijacking remain significant concerns, with certain models still being targeted by criminals. This advisory aims to serve as a risk update and to provide crucial information on high risk vehicles, safety measures and insurance implications. High-Risk Vehicle Models Based on insurers’ loss data over a sustained period, several vehicles are frequently targeted…
Read MoreWildfire Season
The summer season brings with it not just soaring temperatures but also heightened fire risks, particularly for those living near mountains, open areas and regions with dry vegetation in the Western Cape. Understanding Wildfire Risks Nature and human activity sometimes combine to create perfect conditions for devastating fires. While high temperatures and strong winds set…
Read MoreExpress Kidnapping, A Growing Threat in SA
A disturbing new crime trend has emerged in South Africa, where victims are being kidnapped and forced to make transfers from their banking apps under duress. This alarming development, known as “banking app kidnappings” or “express kidnappings,” is on the rise and poses a significant threat to individuals and businesses alike. This article aims to…
Read MoreRisk Beyond RSA Borders
The evolving situation in Mozambique highlights a broader conversation surrounding cross border risks, including travel, liability and asset insurance. South Africa’s Department of International Relations and Cooperation has issued a travel advisory encouraging South Africans to postpone non essential visits to the country until further notice. While this prompts today’s message, these principles apply whenever…
Read MoreSASRIA Cover Explained
SASRIA Cover Explained As we move towards elections and the increased risk of riots and strikes, it is an opportune time for you to review your SASRIA or effect SASRIA cover. SASRIA cover is designed to cover events like riots and strikes (which are excluded from standard insurance policies), leaving you significantly financially exposed…
Read MoreState of the SA Insurance Market
State Of The SA Insurance Market To a large extent, the South African Non Life Insurance industry has been hit by a perfect storm, given the extreme challenges it faces. These include South Africa’s energy crisis, the repercussions of natural disasters and escalating geopolitical tensions, collectively creating a complex web of difficulties for…
Read MoreEmail Fraud Rampant
Intercepted email scams are increasing at an alarming rate in South Africa. How does an intercepted email scam happen? First, they gain unauthorized access to your email account, through spoofing, clicking unknown links etc. Then, they patiently monitor your email activities, waiting for the right moment to strike. The right moment is typically when you…
Read MoreDo You Rent Out Property?
Times are hard. On the face of it, renting out your property is an easy way to supplement your income. Insurance Complications However, renting out property has significant insurance complications, particularly with regard to personal insurance policies. Personal insurance policies, by their very nature, were designed to cover personal risk. They were not designed to…
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