Author: BrightRock
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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…
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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…
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How to choose the right group risk cover for your business
Your clients and business partners are likely to be your main focus when you start out as an entrepreneur. But as your venture grows into a fully operative business of scale, your employees will matter just as much. That’s why it’s important to ensure you provide adequate employee benefits, and when it comes to group…