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September 1988
Keeping insurance personal

Many great business enterprises arise out of extremely humble beginnings. The Hollard Insurance Company, now in its ninth year, began in a small way and encountered many problems along the way. At last, however, it...

September 1988
The importance of reading

Very few policyholders take the trouble to read their policies. Even those that do, often skip the section containing the conditions, presuming such small print is unintelligible and laced with argon.

In...

September 1988
Positive nightmare

A major influence on life assurance in the United Kingdom at the moment is the Financial Services Act 1986. This, according to Don Rowand, chairman of Crusader Life, is a “positive nightmare”. The Bill was originally...

September 1988
Welcome developments

Life assurers have been gradually encroaching into the medical field for several years, challenging the former territory of the medical schemes. More recently developments have gathered pace as government has been...

September 1988
A book review

The intangibility of computer crime should mean security measures should also be intangible.
Too often such crime results in huge amounts of money and information being channelled into the wrong hands...

September 1988
Sound investment

Investors and potential investors alike are continually bamboozled by various financial bodies to buy into a certain investments. While some avenues would be suspect to the knowledgeable financier, to the layman it...

September 1988
Lame ignorance

While most of us have fortunately escaped the recent spate of urban limpet mine explosions, no-one has been able to avoid the resultant publicity. Despite this, spectators still insist on milling around a trouble spot...

September 1988
Book for the layman

Michael Belling, manager of marketing communications at Sage Life, could not have given this hook a more apt assessment:


“It is a balanced financial diet, giving the layman insight and knowledge...

September 1988
A good debug

Hollard Insurance Company is trying to take the bug out of motor assessments and repairs with its new “Carguard” product.
This is a comprehensive motor package for vehicle policyholders which amounts to an...

September 1988
Get an expert

The importance of correct asset valuations should not be underestimated.

To have correct cover it is imperative that a schedule he made of the moveable contents of a home or office so that no altercation...

September 1988
Employers guilty

“The biggest single problem at the moment is that there is no incentive for the employer to consider contributing towards a domestic worker policy,” says David Geary, senior marketing manager at Sanlam.
...

September 1988
Devil of a problem

Inside the bodies of some 10m people around the world today lurks a deadly but invisible virus, the Human Immunodeficiency Virus (HIV). By the end of this decade it is estimated that 100m people will be carrying the...

September 1988
Keeping one step ahead

Technological breakthroughs are occurring all the time as man strives for ultimate knowledge in everything he does. Sometimes his creations get out of hand and backfire while, at other times, he leaves peepholes in...

September 1988
The new breed

The South African crime rate is on the decrease according to the short-term insurance industry. Security personnel say this is not really the point. The numbers in crime may fluctuate but operators are a persistent...

September 1988
Shop owners must act

Brokers, Willis Faber Enthoven, offer group personal accident cover both locally and through the London market for urban terrorism. This means that insureds, mainly restaurant, shopping centre and shop owners, can buy...

September 1988
Premiums escape

Bill, the branch manager of an insurance company is visited by Jim, his AGM.
Bill: Jolly decent of you to pay our branch a visit .Sir. I have a few problems as usual.
Jim: Thanks, Bill. You always...

September 1988
Trusty research

Generally, there has been a lack of data on unit trust performance. The only comparative figures accessible to the public in the past were those from the Association of Unit Trusts, or the sketchy figures released to...

September 1988
Opportunities for young people

“Over the last two years, some 54 actuaries have left South Africa,” says Peter Bieber, president of the Actuarial Society of South Africa. Indeed, the profession has lost a great deal of members. Of the 248 fellows...

September 1988
Lucrative business

Nine years to establish a fund of R1,2 billion is a feat not many can achieve. But the South African Special Risks Insurance Association (SASRIA) has managed it against all odds.
Established in 1979...

September 1988
Weathering the crash

The stock market crash in October 1987 slashed no less than R2,6 billion off Old Mutual’s assets. True, this merely reflects paper adjustments, but it nevertheless demonstrates the dangers even highly skilled...

September 1988
Major constraint

We asked Johan Louw, chief economist of Sanlam, for his latest views on the South African economy, and what he thinks the implications will be for life assurers. He recently published Sanlam’s latest Economic survey...

September 1988
Tough competition

Mention of the word “marine’’ generally brings to mind ships sailing to far-off exotic places with mysterious cargos on hoard. But when related to insurance few people realise that marine encompasses a lot more than...

September 1988
Time for strong questions

Some 8 000 people have so far been found positive for the Human Immunodeficiency Virus (HIV), which leads to AIDS. Although estimates now show that as many as 40 000 people in the UK are HIV positive.
...

September 1988
A name change

Alexander Forbes, the employee benefit arm of Priceforbes Federale Volkskas (PFV), has experienced remarkable growth the last few years. It started out in 1955 as a separate employee benefits company within the PFV...

September 1988
Black trade unions react

Old Mutual’s new initiative in employee benefits has received positive response, at least from some trade unions. Side-stepping the pension fund/provident fund confrontation by introducing an alternative negotiable...

September 1988
Limpet liberty

The words “bomb” and “limpet iii me” are on everyone’s minds at present. Of foremost concern must he the question of personal safety in public places. Looking around it is somewhat disconcerting to note that even now...

September 1988
Good cover for guards

A uniquely customised insurance policy for security guards has been developed by Fedlife in association with the Security Association of SA (SASA).
The idea came from brokers Pax Unitas. Says director of...

September 1988
Losing to London

The local film industry remains remarkably buoyant, having grown rapidly on the back of even more remarkable tax breaks. With it the need for film insurance has grown too.
Every feature film has its own...

September 1988
Taking a dim view

South Africa accounts for a minuscule portion of world-wide short-term insurance premium: in fact, only 0,25%. It’s a sobering thought, especially when one remembers that SA has an apparently thriving First World economy. The local...

September 1988
Life premiums could double

The SA Press Association reported recently on a conference on Acquired Immune Deficiency Syndrome (AIDS) held in Helsinki. According to experts, it said, AIDS could force a sharp rise in insurance premiums as companies face hefty bills for...

September 1988
Boob for the AA

Mutual & Federal (M&F) recently announced a walloping 234% increase in underwriting profit from R13,6m to R45,4m for the year ended June 30 1988. Pretty well about the same time it advised Motorsure policyholders of “a revision in...

September 1988
Ain’t seen nothing yet

The end of August saw the first rains for the Highveld for the summer season. While astute homeowners will be checking their roofs and underwriters will be motivating improved hail net protection, it may he illuminating to consider some...