Categories
General

What to know when making a claim during lockdown

The South African government announced a national lockdown in March this year. In the past six months, those severe restrictions have slowly eased and the country has now entered level 1. But, regardless of the level of lockdown, what has not stopped is life – or life events – and the subsequent insurance claims.  With […]

Categories
General

Creating an insurance strategy

Written by Steyn McDowall, Indwe Executive Director: Business & Specialist Insurance Insurance, at its essence, is a source of finance to pay for losses, when they occur. In theory, the contributions of the many pay for the losses of the few.  The risk transfer to an insurer is subject to conditions but there is the […]

Categories
General

Targeted risk identification essential for SMEs

It is widely accepted that small to medium enterprises (SMEs) are critical to the growth of the country. Some estimate that they make up 91 percent of formalised business in South Africa and provide employment to almost 60 percent of the labour force. It is therefore vital that these businesses prioritise the risks that will […]

Categories
General

Indwe adopts drone technology to take risk management to new heights

Financial services company, Indwe Risk Services (Indwe), has adopted risk management technology – and more specifically drone technology – to propel its propensity to identify and understand risk.  RiskTech,the latest risk management offering from Indwe, harnesses the power of advanced technology and risk expertise to provide clients with accurate risk assessments and the best risk […]

Categories
General

HOUSEHOLD INSURANCE: CURRENT REPLACEMENT VALUE VS ORIGINAL PURCHASE VALUE

Just as the costs of goods are on the rise, the value of your household possessions increases over time. Unlike with vehicle insurance, household insurance covers you for replacing your lost, damaged and stolen possessions with new items. Therefore, it is crucial that they are insured for the current replacement value, so that they can […]