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November 1989
Saddle sure

South Africans of all ages are discovering the joys of pedal power. Cycling has, over the last few years, become the fastest growing sport in this country. However, until recently there has been little insurance cover provided for the cyclist....

November 1989
More Italian funding

The R65 billion Generali Insurance group has injected a further R10m into the share capital of its South African subsidiary, Standard General Insurance (Stangen).
Generali consists of 105 companies including 56 insurance companies operating...

November 1989
Safer margins

Given the soft conditions prevailing in the short-term industry, recent changes to technical reserve requirements are bound to make the lives of insurers more difficult. The new requirements were recently announced by the Department of Finance...

November 1989
Impact on insurers

The alarming rate at which man is destroying his planet is finally receiving front page attention across the world. Not surprising given dramatic examples like the CFC induced ozone holes, devastating oil spills and the destruction of the Amazon...

November 1989
Personal view

Writing in my personal capacity as Group Insurance Advisor to the Anglo American Corporation I would hopefully like to shed a few historical pointers on what has now evolved to be a recognised science.
The purists of risk management will...

November 1989
What is it?

Following our article last month on the launch of CUAL, MD John Manners, offers further details on the activities of the new company and an explanation of credit insurance. "Credit insurance has a particular application in the volatile South...

November 1989
Sharing ideas

On a recent visit to South Africa, General Accident’s lain Brown discussed with insurance Times some ideas about bringing brokers and insurers together in using a common, cost-efficient computer system. He is the company’s Information Services Co...

November 1989
Assisting the globe trotter

Munro Deysel, Travel Assistance International’s (TAT) GM took the company reigns in November 1986. Since then, the company’s annual turnover has quadrupled. TAT is part of an international group, Europ Assistance, which has been operative for the...

November 1989
Broker bash

These insurance policies by telephone were bound to stir up controversy sooner or later.
Auto & General and Santam are two such insurers now selling direct to the public via the telephone and, predictably, insurance brokers are none too...

November 1989
Over capacity

Global insurance and reinsurance overcapacity persists. And with reinsurance renewals for 1990 currently in progress, the capacity question remains very much in evidence in South Africa.
Oosie Oosthuizen, MD of Santam Insurance, recently...

November 1989
No smoke screen

South African shopping malls may well be inadequately protected against fire hazards, the greatest of these being the threat to life from the effects of smoke.
This is the opinion of Andrew Greig, MD of Protection Projects Inc, a leading...

November 1989
Two-year rate

South Africa's suicide rate is high by world standards and one wonders what impact this has on the life assurance industry.
Those contemplating this "final solution" may often have the added incentive of their families cashing in on a hefty...

November 1989
Thrills but no frills

If you’re top of the money heap, chances are the insurance industry can meet your needs.
The rich are usually afforded benefits which most of us learn to live without. Money does in fact talk and companies providing various services make...

November 1989
Converter option

Charter Life has just launched its new Cover 2 policy - a single assurance policy offering cover to both spouses.
The policy came into being because an influential broker wanted a single policy - not a joint life - where the husband is...

November 1989
Strong investment income

Protea Assurance showed improved figures for the six months to end June 1989. Earnings climbed from last year’s interim of 91c a share to 103c a share and the half- year dividend has been increased by 5c to 20c a share.
This performance...

November 1989
Name change

The new name under which J H Isaacs Insurance Brokers is to trade is Indemnity Insurance Brokers.
The name change follows the sale by J H Isaacs Group of its 50% shareholding in the company to M1BSA, formerly Minet Holdings (SA), and to...

November 1989
Solution offered

A problem faced by clients, insurers and brokers every day is what value should be placed on household goods for insurance purposes? More important is to determine the value placed on the same goods at the time of a claim.
Qantam Insurance...

November 1989
Medical guide

In line with its policy of supplementing the reinsurance cover provided to clients, Mercantile and General (M&G) has launched its dread disease underwriting manual.
The manual effectively means that life assurers no longer need to work...

November 1989
Your anchor in life

Guess how much Old Mutual’s Johannes van Horst has to invest each day? Is it R500 000, or R1m perhaps? And if you think big, maybe you’d suggest R5m a day. Wrong.
Mr van der Horst, the Mutual’s GM Investments, with his team, now have to find...

November 1989
Worldly wise

The Hosken/PFV consortium has been appointed insurance broker for the Lesotho Highlands Water Project. This entails work being undertaken by both the Lesotho Highlands Development Authority and the Trans Caledon Tunnel Authority.
The...

November 1989
SA strong in life rankings

After a nominal growth of 24,5%, total world premium volume crossed the US$1 billion mark for the first time in 1987. According to Swiss Re’s publication ‘Sigma’, for the first time life business accounted for a larger share of this growth by...

November 1989
Making life easier

In this, the first in a series of columns on the role of computers in short term and life insurance, Teryl Schroenn, marketing manager at Optimation, highlights some of the benefits for intermediaries in using a PC-based computer system.
One...

November 1989
Underwriting pressure

Is the short term insurance industry about to move into a hard market?
According to Priceforbes Federale Broking Service MD. Don Gallimore, this is unlikely to occur especially since substantial underwriting profits are being made. During...