Tag: Schalk Malan
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Loss of income is dangerously underestimated
You are nine times more likely to have a temporary disability than to have your car stolen or hijacked in SA, Brad Toerien, CE of life insurer FMI says. Most people don’t think twice about insuring their car, but few consider protecting the income that makes paying for it possible, he says. It costs about…
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It’s your funeral, so weigh these factors well
We unpack the many considerations when buying this insurance Funeral insurance is the most popular financial product in SA and there is lots of competition for your business, but it isn’t easy to compare policies to ensure you are getting a fair deal. If you ask a number of providers for quotes, you will find…
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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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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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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…
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Why do you need critical illness cover?
By Schalk Malan While medical and, possibly, gap cover can make provision for medical expenses, these insurance products are very unlikely to cover any gaps when it comes to the additional expenses like lifestyle changes that result from life-altering illnesses or injuries. For example, for a condition like paraplegia, a critical illness policy will help…