Santam, South Africa’s largest general insurer, has today reported excellent underwriting results and strong growth for the interim period to June 2018. Despite a low-growth economic environment, the group reported gross written premium (GWP) growth of 13%. The group’s conventional insurance book achieved GWP growth of 9% and a net underwriting margin of 8.4%, doubling the 2017 result of 4.2%, and exceeding the group’s target range of 4% to 8%.
Disasters can strike anywhere and at any time. In September 2017, the world saw Hurricane Maria, which struck Puerto Rico and left more than 4 600 people dead.
Rumour has it fiancés Nick Jonas and Priyanka Chopra have moved in together. Supposedly, Pete Davidson and Ariana Grande have as well. With life-changing decisions seeming like a theme for celebs this season, perhaps now’s the time to consider the implications if you’re planning the ‘big move in’ with your ‘boo’. Aside from the obvious emotional and financial aspects, there are lots of insurance matters to consider as well.
It’s not just big businesses that are susceptible to cybercrime. It’s SMEs as well. These smaller businesses are arguably even more vulnerable, considering they frequently don’t have the awareness or resources required to mitigate the threat. In fact no-one is safe.
Rainfall conditions for most of the Summer Rainfall Area are likely to improve from the middle of October. Still hope for some rain for the Western Cape in September.
From humble beginnings to owning a prominent insurance business: how mentorship helped an entrepreneur beat the odds
Sbusiso Wanda’s entrepreneurial spirit has overcome extraordinary odds. Having grown up in KwaMashu Township near Durban, with little in the way of education or familial support, he started a butchery business at age 24 and lost it just a year later.
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