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Insurers in South Africa add Grid Collapse Clauses to Policies
Over the past year, South Africa has been hit with the worst load shedding the country has ever faced. The frequency and severity of load shedding has sparked concerns around a total grid collapse. A grid collapse is a systemic risk insurers cannot protect their clients from. To safeguard themselves, many South African insurers have…
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RBS Academy Launches to Address Skills Shortage and Drive Transformation in the South African Insurance Industry
The insurance industry in South Africa has faced significant challenges in recent years, including an ageing workforce, a lack of diversity and transformation, and a shortage of skilled workers. These challenges have resulted in difficulties meeting the increasing demand for personnel, particularly in leadership positions. “We have wrestled with the skills shortage in the financial…
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Unlocking Greater Tax Efficiency: Why Partnering with a B-BBEE Level 1 Insurance Broker is the Way Forward
Broad-based black economic empowerment (B-BBEE) is a central part of the South African Government’s transformation strategy. B-BBEE is a crucial consideration for any company operating in South Africa, and is even relevant to private sector businesses that don’t sell goods or services to the government. These private sector businesses might have customers who have to…
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Minimising the Impact of Load Shedding: Tips to Reduce Your Losses
Load shedding is a reality that many individuals and businesses have to deal with, and unfortunately, it can come with a host of risks. In this article, we’ll cover some simple and effective precautions you can take to minimise the risks associated with load shedding, both at a household level and for businesses. Tips on…
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Why Life Insurance is the Ultimate Safety Net for Your Family’s Future
Life insurance is one of the most important investments you can make for your family’s future. It provides financial security, helps to pay off debts, helps to pay living expenses, and helps to pay any medical or final expenses. When you purchase life insurance, you are buying a contract that promises to pay a certain…