Marine insurance is the type of insurance that covers the physical loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination. Types of marine insurance There are three types of marine insurance which are; Why is it … Read more
Securing life insurance involves a series of steps, from filling out an application to undergoing underwriting. Here’s a breakdown of the process and what to expect: 1. Application Submission: Begin by completing a life insurance application, typically with assistance from an insurance agent. Ensure honesty and accuracy when providing information to avoid any complications during … Read more
Discovering how life insurance pays out provides clarity on the steps involved in securing financial protection for your loved ones. Here’s a breakdown of the process and the necessary actions: While the payout process is typically straightforward, delays may occur under certain circumstances, including: In such cases, the resolution may take additional time and involve … Read more
Disability insurance acts as a safeguard for your income, akin to insurance for your paycheck. It provides financial support if you’re unable to work due to illness or injury, ensuring you still receive a portion of your income to cover essential expenses. From mortgage or rent payments to utility bills and medical expenses, disability insurance … Read more
Car insurance is an insurance that covers cars, trucks, motorcycles, and other road vehicles. It is basically financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. You can choose the amount of protection by selecting your coverage and limits. An … Read more
This article contains information about best health insurance in South Africa. Managing medical expenses like hospital stays, visits to the doctor’s room, emergency surgeries, and chronic medication becomes increasingly challenging, especially for families or individuals with pre-existing conditions that demand long-term care. This is where medical aid schemes come into play, providing an effective way … Read more
Compendium Compendium is a leading insurance broker and risk management solutions provider in the South African market. With branches in the country’s major regions and dynamic, multi-disciplinary teams, Compendium is well positioned to provide clients with innovative solutions that impact positively on the bottom line. Charter Risk Underwriting Managers Charter Risk Management (CRM) is a … Read more
1. Technological Integration: Embracing and integrating cutting-edge technologies, such as artificial intelligence and blockchain, remains a top challenge for insurers. Adapting legacy systems to meet the demands of a digital era requires significant investments and a robust change management strategy. 2. Cybersecurity Threats: With the increasing digitization of operations, insurers face heightened cybersecurity risks. Protecting … Read more
House insurance is an important part of owning a home, helping provide you with cover for when the unexpected happens. Your premium is based on different factors, including your claim history, the size and type of property you live in, and the natural hazards your house may be exposed to. Here is a breakdown of … Read more
Sanlam is popular insurance company head quartered in South Africa. The company operate in many countries in Southern African as well Asia and South America. Sanlam is the largest non-banking financial services group on the African continent, with a leading niche presence in Asia. They are market leaders in life insurance, general insurance, and investment … Read more