Tag: Schalk Malan
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Life insurance for the gig economy and SMEs: What you need to know
The gig economy and small and medium enterprises (SMEs) are pivotal to South Africa’s economic landscape. With unemployment rates soaring and traditional job opportunities becoming increasingly scarce, more South Africans are turning to freelance work and entrepreneurship. While these sectors offer flexibility and innovation, they also present unique challenges, particularly regarding financial security and risk…
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Profile: Schalk Malan, CEO, BrightRock
When I look at my entrepreneurial journey, coming together with my partners wanting to change an industry was challenging.
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BrightRock’s 2021 payout equal to all claims paid in its first 7 years in business
In 2021, BrightRock paid as many death claims as it did in the first seven years of its existence. The young life insurer, in which Sanlam acquired a majority stake in 2017, covers almost 2 million lives, but it paid out R1.25 billion in claims in one year.
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Needs-matched life insurer BrightRock announces growth in 2021, despite a challenging time for the life insurance industry
Needs-matched life insurer, BrightRock, today provided an update on its business performance results across its individual life, group risk, and funeral businesses for the fiscal year ending 31 December 2021.
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SA’s life insurance sector: where do the opportunities lie for 2022 and beyond?
South Africa has one of the most competitive insurance markets in the world, with a mature, established industry serving middle- and upper-income clients and an emerging sector.
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BrightRock: from zero to R2.1bn in premiums
It’s taken 10 years, but the BrightRock team has turned its plan to shake up the life insurance industry into action. Today, the company is the third-largest insurer in new business in SA.
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Why you should review your life cover regularly
Spring is the time of year when we can finally break our negative winter habits and begin new routines that prioritize our health. But what about your financial situation?
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Life insurance for diabetics ‒ what you need to know
Life insurance might be too expensive for diabetics. Although insurers take comparable approaches to providing cover, a new product on the market focuses on assisting customers in managing their illness.
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Why short-term insurance is not the only insurance SMEs should be considering
Short-term insurance recently became one of the talking points of the July lootings after thousands of SMEs were affected by the riots, suffering loss and damage to assets.
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Are straightforward claims too complicated?
BrightRock occasionally come across a claim where we believe the terms of a pay-out should be straightforward, only to discover that this is not the usual industry view.