Price Forbes has announced the appointments of Mr Alvin Dye, Mr Kagiso Sephiphi and Mr Paul Jacobs to its newly formed construction team in South Africa. The appointments form part of a joint venture with Price Forbes' London construction team.
Eighty percent of South African households are underinsured by almost 50% of their assets' actual value, according to senior adjudicator Ms Janitra Hollenberg.
Santam, Africa's largest general insurer, and the South African Weather Service (SAWS) have formed a partnership aimed at strengthening the country's early warning and forecasting capabilities and to ensure communities are better prepared to deal with severe weather-related occurrences and disasters.
Motorists driving over speed limits in South Africa risk having insurance claims rejected in the case of accidents.
South Africa's health insurance inflation (medical scheme premium inflation) has consistently outpaced headline inflation, except during the COVID-19 period, according to the South African Reserve Bank (SARB).
South Africa is facing a water crisis, from drought and ageing pipes to failures in infrastructure. As a result, households in the country are forced to navigate a complex risk landscape of water outages, leaks and supply disruptions.
Most repudiations of motor insurance claims are driven not by administrative or technical factors, but by preventable driver behaviour and non-compliance with traffic regulations and responsible driving practices, says the South African Insurance Association (SAIA).
The Actuarial Society of South Africa (ASSA) has released a research paper advocates replacing the current Road Accident Fund (RAF) system with a robust, financially stable hybrid solution that will fairly and timeously compensate future road accident victims.
As supply uncertainties continue, fuel prices in South Africa are soaring, leading to a rising number of citizens hoarding bulk purchases of petrol.
South Africa's only special risk insurer, Sasria, has restored a critical layer of insurance capacity for large corporates facing escalating risks linked to civil commotion, riots, strikes, public disorder and terrorism.