Kaya 959 Kaya Biz

To die so that another can live – why insurers need to rethink the red tape

Loading player...
GUEST – Berniece Hieckmann, Executive: Strategy, Business Transformation & Business Optimisation at Metropolitan

The article discusses:

Why funeral cover is seen as a wealth creator within a South African context, and prioritised over life cover
The legal definitions of 'insurable interest' and 'unjust enrichment' - and the grey area surrounding their application
Rethinking how we, as insurers, design our financial products to better meet emerging market realities
This culture of reciprocity that is deeply engrained within the African psyche, and why insurers should not ignore this or red tape it away.
21 Nov 2023 3PM English South Africa Business News · Investing

Other recent episodes

Sasfin Wealth’s rebrand to Otto1890

Erol Zeki, CEO of Otto1890 (formerly known as Sasfin Wealth), joins us to talk about the group’s strategic shift beyond the branding. The group is looking to tap into private market opportunities, amongst other things.
30 Mar 5PM 17 min

SA’s producer price outlook deteriorates sharply

Producer price inflation showed signs of easing in January, according to data from Stats SA. Economists from Nedbank say the outlook has deteriorated sharply, and Johannes Khosa explains why…
30 Mar 5PM 11 min

Careers Corner – Are degrees still relevant in SA’s job market

South Africa’s youth unemployment crisis has raised concerns about the validity of chasing a degree to secure employability. Professor Linda du Plessis, Senior Deputy Vice-Chancellor, North-West University, argues that there is still value with the right approach by educators.
30 Mar 5PM 12 min

Middle East-driven energy shock for Africa

We explore how the Middle East-driven global energy shock is reshaping Africa’s fuel security, what it means for businesses and consumers, and whether the crisis could accelerate a shift toward more resilient, local energy solutions. For more on this, we caught up with NJ Ayuk, CEO of the African Energy…
30 Mar 5PM 12 min
All episodes