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Solar panel replacements may pose challenges for insurance companies

16th March 2023

The surge in solar panel usage may pose a problem when replacement is needed – how would insurance companies handle such an eventuality?

🔒 Chris Bryant: Why Warren Buffett should love Robinhood

22nd November 202315th February 2023

With rising interest rates, many business models are tricking the system by using “float income” to make more money off your money.

SA insurance companies refuse to cover grid failure damages amid Eskom concerns

8th February 2023

Several SA insurance companies declared not to cover any damages related to the failings of Eskom’s power grid.

Discovery CEO Adrian Gore: Disrupting to sustainable 25%pa growth

3rd September 20143rd September 2014

As the years have gone by, Discovery’s growth has been reflected in a mushrooming market cap and, more visibly, an expanding complex of offices in its Sandton base. The group Adrian Gore and Barry Swartzberg started after Liberty showed them the door, is now worth R60bn. And by January 2018, its new 87 000 sq/m … Read more

How to slash odds of dying in a road accident – and save cash on your insurance

20th April 201523rd April 2014

It’s built into the DNA at SA’s fastest growing financial services group Discovery that incentives change behaviour. The group transformed the medical aid market by offering people an incentive to self-medicate, eat healthier and only visit medical professionals when absolutely necessary. The principle is being successfully applied to car insurance where the three year old … Read more

What drives South Africans to invest in Warren Buffett’s Berkshire Hathaway?

6th November 20135th November 2013

Berkshire Hathaway has, again, reported a big jump in quarterly profits. What is it that keeps the company performing year after year, and keeps investors coming back time and again? In this interview, SIM Global head Kokkie Kooyman talks about Berkshire’s ability to pick winners, and about the deep ethical commitment that has won investors’ … Read more

South African life assurance industry’s Hiroshima

30th April 201520th November 2012

December 14, 2005

Her face was one big snarl. Although dutifully recording my responses her whole look shouted out: who do you think you are, you upstart know-nothing? Actuaries, doctors, other people infinitely smarter that you have calculated our commission structures. Who are you to criticize them?

This was 1984, the year of Orwell’s Big Brother. The power of life offices was at its zenith. A time before Robin McGregor sold out to the Evil Empire, when he still railed about four groups controlling 80% of corporate South Africa. And how three of them were assurance companies.