Naspers again bets on online insurance with R120m investment in Naked
Naspers Foundry said investing in the company meets its strategy of growing tech businesses that address societal needs. Naked was established in 2016 by actuaries who worked in the insurance sector. Naspers recently invested R34 million in digital short-term insurance advice platform, Ctrl. A Naspers…
Insurers’ ‘super-profits’: Industry says it’s not that black and white
The South African Insurance Association stated its members did their bit by offering premium vacations, premium discount rates and fast-tracked claim procedures where possible. The South African Insurance Association stated its members did their bit by offering premium vacations, premium discount rates and fast-tracked claim…
Make sure this option is ticked on your car insurance policy as civil unrests rise in SA
– Civil discontents are on the increase in South Africa, putting personal effects at threat. – Car owners need to guarantee that Sasria cover is contributed to their insurance plan. – Sasria is a state-owned entity that covers for loss due to demonstrations and civil…
10 Tips To Reduce Your Car And Home Insurance Premiums
Statistics from the Road Traffic Management Corporation (RTMC) of South Africa show that up to 800,000 cars get into accidents on South African roads every year. In contrast, only 60-70% of motorists have car insurance in South Africa. This is a worrying enough statistic until…
South Africa’s Demerit Point System: What does it mean for you and your short-term insurance?
According to Zutobi’s study, South Africa has the most dangerous roads, given the statistics of accidentsand safety measures. South Africa’s Demerit System: Here’s what you need to know! The demerit point system is a world-renowned practice. At its core, all drivers/owners of vehicles are subjected…
What Happens When You Get Into An Accident With An Uninsured Driver?
When you’re behind the wheel, the chances are that the thought of an accident doesn’t enter your mind very frequently. However, a recent report published by the Automobile Association of South Africa shows that almost 800 thousand vehicles get into accidents every year.
How to Buy a Repossessed Car in SA
Detailed guide to buying a repossessed car on auction Buying a repossessed car on auction is a great way of saving money, however, there are certain valuable guidelines to follow in order to avoid the disappointment of buying an inferior vehicle which will ultimately result…
Car Insurance Calculator
Have you ever thought, “Why is my car insurance so expensive? How is my premium calculated?”. Honestly, you are not alone. There are reasons why some people pay more than others. Your car insurance premium in South Africa is calculated using a number of risk…
COVID| 2020 Year of the Side Hustle
Need to make more money? “COVID-19 Won’t Force me to Give up my Standard of Living“ Trying to find a way to make more money? It’s safe to say that majority of South Africans have taken some kind of financial knock this year, whether it’s…
Released 2020: Best & Worst Insurance Companies in South Africa
2020 has undoubtedly been the strangest, scariest year that we have experienced as the unexpected black swan event, the Covid-19 pandemic hit our shores. Luckily, we have some ‘normal’ results to look at when it comes to the short-term insurance (OSTI) report that was released…
How South Africa’s New Demerit System Will Impact Your Car Insurance
In August 2019 Cyril Ramaphosa signed the new Aarto Act (Administrative Adjudication of Road Traffic Offences) which will enforce the new demerit system in South Africa. Many drivers have read about the new demerit system but haven’t yet realized how this act will affect their…
Most Popular Used Cars Bought During Lockdown
We take a look at the top 10 second hand cars that have been purchased during the lockdown in South Africa 2020. Covid-19 has hit majority of industries negatively but after the storm comes a rainbow, the glimmer of colour, in this case, it may…