Category: News
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How the COFI Bill is providing enhanced financial transparency
The South African financial services sector has undergone sweeping regulatory reform over the past 15 years, aimed at improving the governance and accountability of financial institutions. These reforms have been crucial in securing better outcomes for the people served by the sector. The Conduct of Financial Institutions (COFI) Bill represents a major leap forward and…
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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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Navigating life insurance in uncertain times
Personal insurance extends beyond income protection to leaving a legacy, covering debts, protecting assets and looking after one’s family in the future.
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Nine leadership questions for Sean Hanlon, Executive Director, BrightRock
After studying teaching and drama, I found my passion when I joined the life insurance industry as a broker consultant in the early 90s. I’ve worked in senior positions in financial services for over 30 years, having set up and run distribution for major life insurance operations in South Africa and the United Kingdom. 1.…
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BrightRock CEO, Schalk Malan on building a successful insurance company
BrightRock CEO, Schalk Malan chats to Kaya Biz host, Gugulethu Mfuphi. This interview was first published online by Kaya FM on YouTube on 10 May 2024.
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What drives susceptibility to insurance fraud: The repercussions
Economic hardships often push individuals toward desperate measures. In tough times, fraudulent behaviour becomes even more tempting. Falsifying death certificates for funeral policy claims or withholding crucial health information during application processes are just some examples of this deceit. Extreme cases of fraud may involve staging an accident, faking an injury or death, or syndicated…
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BrightRock sees resilience, growth, and improved claims experience in 2023
Johannesburg – Needs-matched life insurer, BrightRock, today provided an update on its business performance results across its individual life and funeral businesses for the fiscal year ending 31 December 2023. Despite the difficult economic conditions currently impacting consumers’ pockets, CEO Schalk Malan says BrightRock has shown resilience and growth. “The ongoing cost of living crisis and…
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BrightRock loving life in the Sanlam family, growing strongly
BrightRock CEO, Schalk Malan in conversation with BizNews founder, Alec Hogg. This interview was first published by BizNewsTV on YouTube on 27 October 2023.
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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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Interesting claims paid out for Group Risk cover
For many members who have Group Risk cover through their employer, this is the only cover that they have.