Category: News
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BrightRock shows the way in innovation
BrightRock is no longer a small player: last year it had annual premium income of R1.6bn and new business of R433m At a time when insurtech businesses are cutting out the middleman, BrightRock, just seven years old, stands out as the poster child for the traditional intermediary-based model. Its total premium income was up 43%…
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Increase your cover with future insurability
Future insurability benefits mean that when you want to increase your life cover after a major life event such as the birth of a child, a marriage or divorce, you may be entitled to do so without undergoing a new under writing process. Make sure you understand how your policy works, as there are differences between…
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BrightRock announces 2018 business performance
BrightRock’s 2018 performance features strong growth and bright opportunities BrightRock achieves strong new business growth, with total premium income increasing by 43% year on year Total cover in-force now exceeds R250 billion Total in-force annualised premium income grows to R1.4 billion, with activated annualised premium income for the year of R433 million Lives covered grows…
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5 Things to Know about Group Risk Cover as an Employee Benefit
Group risk cover is likely to be one of the deductions on your pay cheque if you are receiving employee benefits as part of your monthly salary. But what exactly is it for, and how can it make a positive difference in your life? Schalk Malan, CEO of BrightRock, explains why you might not be…
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How BrightRock Is Disrupting The Insurance Industry With These 2 Pivotal Strategies
By Monique Verduyn Developments in technology, and clear communication are positioning BrightRock to disrupt their industry and transform the consumer experience. BrightRock was started around a dining room table in 2011 by four people with years of industry experience and — importantly — a diverse set of complementary skills. They wanted to make changes to an…
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Pulling punches to avoid a knock-out blow
As the name suggests, the focus of group risk benefits is to provide coverage for a group rather than meeting a specific individual’s precise needs. Further, with the average South African income earner holding cover for less than 40% of their needs in the event of their death, the important role group risk cover plays…
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Tackling a weighty issue
According to the World Bank, in 2013, the average South African has a life expectancy of 56.74 years. This is an increase of almost five years since 2005. However, we are also getting more obese. Approximately 61% of South Africans are overweight or obese, making us the most obese country in sub-Saharan Africa. Considering some…
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Insurance for the gig economy
The biggest risk for the self-employed is not being able to work due to illness or trauma. Maya Fisher-French discovers that insurance products are not designed for the self-employed The growth in the so-called gig economy is one of the biggest labour trends globally. This is when individuals with a specific set of skills leave mainstream employment…
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Ways to maintain your income when you can’t work
Income-protection disability cover that pays a monthly income is the best match to replace your income and should include temporary disability cover By Charlene Steenkamp A staggering 70% of South Africans will, in their lifetime, have a disability that will prevent them from earning an income either temporarily or permanently. Yet only 47% of South…
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How to choose the right group risk cover for your clients
By Schalk Malan In the modern world of work, there is an increasing need for employers to provide adequate employee benefits. When it comes to group risk cover, it’s becoming increasingly important to find a solution that matches the needs of everyone in a business. It’s no secret that the world of work, as we…