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Category: Industry news

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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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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PSG Konsult acquires portion of Absa brokerage business ?>

PSG Konsult acquires portion of Absa brokerage business

PSG Konsult (KST), a listed and independent financial services provider, has concluded an agreement to acquire Absa Insurance and Financial Advisers Proprietary Limited’s (AIFA) commercial and industrial insurance brokerage business. This business is made up of 102 advisers and in excess of 32,000 clients across the country. The acquisition is subject to conditions typical for a transaction of this nature including regulatory approvals. “This acquisition, which will be funded from existing cash resources will substantially enhance PSG Insure’s footprint across…

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Short-Term Insurance:
Driving Innovation ?>

Short-Term Insurance:
Driving Innovation

Client expectations are changing rapidly and technology is playing a leading role in this regard. This is why companies, including the insurance industry, have to constantly reshape the manner in which they interact with their clients. According to a recent PricewaterhouseCoopers (PWC) strategy and analysis document, during the next 10 years, the insurance industry can expect a radical change in client composition where so called “traditional” clients will reduce drastically to make way for the so called “digital native” clients….

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Shifting gear: 3 major ‘digital disruptors’ affecting the SA auto industry ?>

Shifting gear: 3 major ‘digital disruptors’ affecting the SA auto industry

Johannesburg – Technological advances abound and are disrupting industries across the globe. The rise of the connected customer is transforming the traditional automotive landscape and creating an increased demand for connected vehicles that conform to cost and lifestyle demands. Balancing the demands of a digitally advanced consumer base, a waning economy and shrinking budgets, the local automotive industry is on the precipice of big change. Future thinking and strategies will have to include ways to balance the adoption of new…

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Avis partners with Discovery Insure to launch SafeDrive ?>

Avis partners with Discovery Insure to launch SafeDrive

Available to all Avis Rent a Car customers at 10 locations nationally from 31 July 2017, the Avis SafeDrive app is uniquely integrated with Discovery Insure’s breakthrough telematics technology and its behavioural app-based programme, proven to help make South African roads safer. The app is available on Android and IOS, so customers will be able to access trip data, see their driving scores, learn what they can do to improve them and redeem discretionary daily rewards. “We’re excited to partner…

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Hijacking hotspots: Most targeted cars, bakkies in SA ?>

Hijacking hotspots: Most targeted cars, bakkies in SA

Johannesburg – Which provinces are the worst affected by hijackings and vehicle theft? Which cars are most targeted by criminals? Data reveals the most targeted passenger cars, SUVs and trucks in SA. Vehicle tracking and recovery experts, C-track, sent us crime statistics in a presentation focusing on ‘Hijacking and vehicle theft’. C-Track has provided stats for January 2017 though its data also highlights crime trends through Jan – Dec 2016. Working with Arrive Alive, the company has revealed the most targeted vehicles….

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Be careful when considering cutting short-term insurance cover, especially in a tough economy ?>

Be careful when considering cutting short-term insurance cover, especially in a tough economy

In tough economic climates – such as the recession South Africa finds itself in at the moment – households and small business owners may be tempted to reduce their short-term insurance, but the short-term savings may not justify the long-term cost of recovery in the event of a natural disaster. Roy Wright, Head – Risk Solutions at leading financial advisory and wealth management business GTC, says consumers need to ensure they know exactly what their insurance policies provide cover for,…

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