Insuring your child’s car incorrectly could cost you ?>

Insuring your child’s car incorrectly could cost you

Johannesburg – Every year, many South Africans turn 18 and along with this important life event, a vehicle may be purchased or handed down to the young adult as a means of transport when they obtain their driver’s license. However, if the parents do not properly insure the car with the details of the actual driver, they could be in for a massive financial outlay if their child is involved in a motor vehicle accident. This is according to Nazeer…

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5 Best insurance tips for millennials ?>

5 Best insurance tips for millennials

Adulting (verb) – acting like an adult or engaging in activities usually associated with adulthood, often responsible or boring tasks.1 If you’re a millennial, you know this definition all too well. You’ve reached the age where you may be taking out student loans, buying or renting a place to live, having kids and, ultimately, purchasing insurance. These major life events for millennials make it extremely important to have a financial security net. And that’s exactly what insurance is: a financial…

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How the New Data Protection Laws Will Keep Your Data Safe ?>

How the New Data Protection Laws Will Keep Your Data Safe

How safe is your data? South Africa recently experienced the largest data breach in its history, where over 30 million records of personal information – including names, addresses, ID numbers, genders, ethnicities and email addresses of people both living and deceased – were extracted from a company’s database. This catastrophic breach means that millions of people’s sensitive data is now insecure. But according to Ross Saunders, the Director of Global Technology Services at Cura Software Solutions, the solution is on…

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Paving the way for an Insurtech boom ?>

Paving the way for an Insurtech boom

Insurtech Australia – the peak body for insurtech companies in Australia – officially launched at the end of October to a packed room in the QBE offices in Sydney. “Insurtech is a rapidly growing sector worldwide, and Australia has the ideas and skills to compete,” says Brenton Charnley, lead and co-founder of Insurtech Australia. Doing a Google trend search for the word ‘insurtech’, Australia comes up 11th, way ahead of countries like the US, he notes. “We have a wonderful…

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Financial service providers are taking the lead in treating customers fairly ?>

Financial service providers are taking the lead in treating customers fairly

With the imminent rollout of the much anticipated Twin Peaks financial regulations in South Africa in 2018, aspects of it are already entrenched in the way financial services companies deal with their clients. One of these aspects is Treating Customers Fairly (TCF), which was initially introduced by the Financial Services Board (FSB) in 2011, and is an outcomes-based regulatory and supervisory approach to ensure that financial services providers treat their customers fairly. Financial services providers are required to deliver six…

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19 Wenke om jou eiendom en geliefdes te beskerm ?>

19 Wenke om jou eiendom en geliefdes te beskerm

61 Huis rowe en 676 huisbrake per dag in Suid-Afrika – hoe boewe werk en hoe om jou eiendom en geliefdes te beskerm. Volgens die mees onlangse misdaadsyfers wat hierdie week deur die SAPD bekendgemaak his, is die hoeveelheid huis rowe en huisbrake in Suid-Afrika steeds kommerwekkend hoog, met 22 343 rowe en 246 654 inbrake wat in 2016/17 aangeteken is. “Hierdie statistieke is skokkend – op ‘n daaglikse basis word ‘n gemiddeld van 61 wonings beroof en 676 loop onder inbrake…

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Congratulations – Insure Group Managers celebrates 25th Anniversary ?>

Congratulations – Insure Group Managers celebrates 25th Anniversary

And Clients are where it went next. Insure Group Managers are honoured to have some of the most loyal clients, with some relationships spanning over decades. Through the month of May the Company hosted 3 events for Clients in the Johannesburg, Cape Town and Durban regions. The events were an honest celebration of what Insure Group Managers holds most dear, partnerships. Like in business the Company blends a perfect mix of hard work, dedication, creativity and fun and so clients…

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Landmark staff donates blood to “Save a Life” ?>

Landmark staff donates blood to “Save a Life”

In support of the Company Social responsibility, Landmark staff annually get together and donate blood at one of the SANBS branches in Bloemfontein. We all have the ability to save a life by giving the gift of life – the fluid of growth and health – YOUR BLOOD! Please join us in welcoming our newest staff members to the Landmark team: Maureen Vermaak joined our Oudtshoorn Branch as the new Relationship Manager Assistant for Marius Calitz on 5 October 2017….

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8 Things You Need to Know About Homeowners Insurance ?>

8 Things You Need to Know About Homeowners Insurance

Since purchasing a home may be the biggest investment you ever make, it’s no surprise that homeowners insurance exists to protect that investment from damage, theft, and a range of other circumstances. Sounds a lot like the other types of insurance you have, right? But don’t be fooled. There are a lot of working parts to it. And it’s typically not an option for your consideration, but a necessity, since virtually all mortgage lenders require borrowers to have some level…

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The Ombudsman for Short-Term Insurance comments on rejections based on misrepresentation of regular driver details ?>

The Ombudsman for Short-Term Insurance comments on rejections based on misrepresentation of regular driver details

During the underwriting of a motor vehicle insurance policy, a prospective client is asked by the insurer to disclose the identity of the regular driver of the vehicle being insured. The regular driver is the person who drives the vehicle most often in any monthly period. This person’s details, including their specific risk profile are captured by the insurer in order to determine the acceptability of cover and the appropriate premium. Details which influence the regular driver’s risk profile include…

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