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Personal Insurance – Express 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 MoreTravel insurance – Risk 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 MoreGeneral Insurance – SASRIA 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 MoreGeneral Insurance – State 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 MoreCyber Insurance – Email 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 MorePersonal Insurance – Do 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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