The escalating conflict involving the US, Iran and Israel highlights the impact geopolitical instability can have on global trade and by extension, South African businesses and their insurance cover. According to Ryno de Kock, Head of Distribution at PSG Insure, geopolitical conflicts have a direct implication on how insurers assess risk, particularly where trade routes, sanctions […]
Insurance is meant to be your safety net, but for some policyholders that net unravels when it matters most. The Non-life Insurance Division of the National Financial Ombud Scheme (NFO) says too often people discover after a fire, flood, or theft that the payout they receive is far less than expected because the value of […]
If your insurance could pull up a chair at your kitchen table tonight… What would it ask you? Would it quietly clear its throat and say, “Are we still on the same page?” Wynand van Vuuren, client experience partner at King Price Insurance, answers the questions your insurance would ask if it had a voice: […]
Johannesburg – An insurance concept that often gets misunderstood, despite underpinning every insurance policy, is insurable interest. While it might sound technical, Willem Coetzee, CEO of Zenith, says the principle itself is quite simple. “Simply put, you can only insure something if its loss or damage would cause you a financial setback,” Coetzee explains. “So, if […]
