What's Happening?

In the news | Friday, 4 May 2018



The FIA strives to keep abreast with the constant evolution of the consumer, business and legislative landscape. In line with ensuring that our members are up to date with current affairs, here are the top stories from the industry this week.


  • Momentum announces their 2017 statistics
    Momentum released their claims statistics for January to December 2017. George Kolbe, Head of Marketing for Life Insurance at Momentum says “Momentum Retail Insurance has paid out claims in excess of R15 billion over the past five years: R2.7 billion in death claims, R491 million in critical illness claims, R394 million in disability claims and R99 million in income protection claims – all supporting the financial wellness of clients.” Read more…

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  • Protecting trade secrets in the financial services environment
    Driven by the furious pace of technological advancement, financial services organisations are engaged in an unprecedented race to innovate. In turn, this rapid rate of innovation has caused trade secrets to become an increasingly preferred method of intellectual property protection, pushing the issue of trade secrets into corporate boardrooms. Read more…
  • Sanlam paid out 99% death claims
    Sanlam has dedicated its centenary year to changing lives for generations to come. In 2017 Sanlam paid out 99% of all death claims received in 2017- the claim value came up to R3 622.7m. Read more…


  • A century of covering risk
    On 2 May, South Africa’s largest short-term insurer, Santam celebrated its centenary. The FAnews caught up with Executive Head: Brand at Santam – to find out how the company has changed through the years and what has stayed the same. Read more…