As a commercial or a private vehicle driver, have you asked yourself how much you will receive as a driver in terms of compensation in case your vehicle is involved in an accident. The compulsory motor insurance is to cover third parties. As a driver, are you a third party or at what point can […]

The first motor car to appear on a British road was Benz in 1894. According to law, the vehicle was not to operate on a public road with a speed exceeding 5km per hour. A man has to carry a red flag and walk in front of the car. In 1896 the law was changed. […]

In the Insurance Governance Leadership Network Summit, November 2015 in New York most of the members supported and said, “Insurance has not been able to come out with new ideas and being innovative historically. The industry has not considered innovation as their main competitive edge.” Furthermore, the industry has to consider innovation to avoid disruptive […]

We are in an era where most insurers have adopted a lot of innovative activities towards simplifying the insurance claims process. Some insurers have tried to reduce the number of days it takes to pay claims by paying claims within a certain amount limit within 72 hours while others are even paying within 24 hours […]

A tariff insurance market is where rates are set or allowed by a regulatory body for insurance companies to charge premiums on the risk presented by policyholders. These are normally minimum rates or a range within which the insurer can charge the policyholder premium. De-tariffing then refers to the removal of such tariffs (as instructed by the relevant regulator) […]

Most businesses devote too much ink to numbers and too little to the information that matters to potential growth. Doug Conant twittered that, “if we want our organizations to grow and prosper, we must create a culture where people can also learn, grow and prosper”. Most insurers measure growth base on four main factors which […]