Insurance news wrap-up for the week ending 22 March 2019

At CN&CO we love to be informed about the insurance industry – with so much happening it can be easy to miss a story! So make sure you get the weekly recap of main stories from this week that you may have missed.

COVER Magazine

  • The iMadiba Project & their Newest Micro Museum sites
    Tony Van Niekerk, Editor of COVER Magazine caught up with Erhardt Thiel, the artist behind iMadiba Project where they discussed “The Imadiba Project & their Newest Micro Museum sites. Listen to podcast
  • Indwe Broker Holdings acquires Lyme Street Risk
    Indwe Broker Holdings, the holding company for Indwe Risk Services, has announced the acquisition of corporate broking and risk management advisory business, Lyme Street Risk.​ Read more
  • Dialdirect voted as product of the year
    Dialdirect was recently voted Product of the Year in the largest consumer-voted award for product innovation. 4000 South African households gave the insurer the nod for inspiring South Africans to drive right through its smartphone App.​ Read more

Don’t forget to Register for COVER’s 2019 Insurtech conference taking place 25 -26 March at The Wanderers Club, Illovo, Johannesburg.  This is one not to be missed Register here today.

For more news updates follow Cover on Twitter

FA news

  • Fraud, waste and abuse
    According to the Association of Certified Fraud Examiners (ACFE) SA, healthcare fraud, waste and abuse syphon huge amounts of money from the South African economy each year. One expert puts the figure at R930 million per annum. Read more
  • The Insurance Apprentice – Episode Seven: Premium collections… do they have the solution?
    The apprentices were asked to act as employees of the FSCA, tasked with looking at the future of premium collections and what needs to change around premium collection in the interests of the industry, the consumers and the institutions.​ Read more
  • Think forward #innoruption
    FAnews attended an RGA Client Seminar, at the Country Club in Johannesburg, where Stephen Grootes, Award-winning journalist and political commentator, discussed the economic and political overview of South Africa.​ Read more

For information follow FAnews on Twitter

FIA Week@AGLANCE

  • Outlook of the SA fundraising environment
    Regardless of a challenging economic and political environment in South Africa last year, the outlook for 2019 remains positive, with strong indications of sustained confidence in the local private equity and venture capital industry. Read more
  • SCA decision: a shake-up for insurers who underwrite PI insurance & advisers, intermediaries & brokers
    On 14 March 2019, the SCA dismissed Centriq Insurance Company Limited’s appeal against the judgment of the Free State Division of the High Court in the action between it and Marisa Vogel Oosthuizen and José Francisco Castro. Read more
  • A small and medium-sized enterprise staff benefit scheme is the best way to show workers they are valued and respected
    Recruiting and retaining staff has always been a challenge for small business owners. More often than not, money isn’t the biggest problem for potential employees; it is the benefits that they lose when moving from a larger employer that can be a sticking point during salary negotiations. Read more

Fore information follow FIA on Twitter

Risk Africa Magazine

  • Stage 4 load shedding “unacceptable” – Pravin Gordhan
    Minister of Public Enterprises, Pravi Gordhan, says Stage 4 load shedding is “disruptive to the economy” and his department will assist Eskom as they struggle to repair generating units. Read more
  • Satrix expands ETF offering in Africa
    Satrix’s exchange-traded funds (ETFs) are being made available in the rest of Africa, with the Namibian Stock Exchange being the first to welcome the secondary listing of the Satrix global ETF suite. Read more

For more news updates follow Risk Africa Magazine on Twitter