Women have always known it: we are better drivers than men are. Finally, the statistics are here to support our case and insurance companies are following them. One insurance company that aims their target exclusively at the female market is 1st For Woman Insurance. 1st For Woman insurance recognise the fact that women have specific [...]

Budget was established in 1985 and was the first insurance company to offer insurance over the telephone, they also provide easy to read insurance policies. It offers a wide variety of short-term insurance products, falling into three main categories: vehicle insurance, household insurance, and business insurance. Budget vehicle insurance offers comprehensive products that will cover [...]

Domestic insurance is not very popular among people living in black townships, due to assumed high risk involved. Alexander Forbes Insurance recently said that the best way to promote domestic insurance to these people living in black townships is to drastically increase the number of black insurance assessors. This will allow the company to gather [...]

The collapse of US-based Lehman Brothers and Merrill Lynch yesterday came as another big blow to financial institutions worldwide. Old Mutual topped the list of companies most affected by these recent developments and it comes as not surprise then that its insurance stocks on the JSE fell 4,99% to R13,34 yesterday.

The South African division of American International Group (AIG) recently got word from its mother company based in New York that the insurance company is in the process of evaluating its exposure to risk. This all comes after the company’s third consecutive quarterly losses totalled $18.5 billion (R148.8 billion). The mother company is under immense [...]

OUTsurance was the first insurance company to introduce the OUTbonus. It works on the basic equation of no insurance claims = money in your pocket. You are entitled to your cash reward (OUTbonus) if you have not claimed for a period of three consecutive years. OUTsurance will then give you 10% of your premiums back [...]

This financial services company launched on February 25, 2008. It offers a complete range of financial products and services direct to the consumer. These products include short term insurance, motor warranty, credit life, and home loans. MiWay shareholders are Sanlam (50%), Santam (22%), PSG (18%), and management (10%). Having shareholders that are blue-chip JSE-listed companies [...]

The effects that global warming has on the climate will lead to an increase in insurance premiums for all South Africans living in high risk areas. Specialists have been right for years: climate change is an environmental and economical problem. According to international re-insurers, the South African insurance industry has not taken the effects of [...]

Sanlam’s chief executive, Johan van Zyl, said he was upset with the absolute figures he presented yesterday at the June interims. Fortunately, he is very pleased with the underlying business and its basic structure. Sanlam Investment Management had misinterpret the markets and brought down the whole group’s results, and those of its short-term insurer Santam [...]

Hollard Pay As You Drive (PAYD) is the first all-inclusive car insurance cover provider in South Africa to offer this kind of alternative solution. This unique car insurance is a refreshing alternative, putting your in charge of your monthly car insurance premiums. The way PAYD works is that your premium is divided into two parts. [...]