2022: opportunities and challenges for the insurance sector

Despite lingering concerns about the impact of Covid-19 variants, the GIB Group is positive about growth prospects for the industry in 2022, writes CEO By Jurie Erwee. The expected accelerating global economic recovery will encourage the demand for insurance. With...

The evolution of the African payment landscape

While South Africa may lag behind other countries in some areas, its banking and payments industry is rated among the best in the world. The entire continent has needed to be resourceful to innovate with payment methods, to serve the banked, underbanked and unbanked....

Anti-fraud analytics in insuretech booms as cyber war rages

Insurers’ use of predictive analytics to fight fraud has reached an all-time high, according to the latest insurance fraud technology study by the Coalition Against Insurance Fraud and SAS. The State of Insurance Fraud Technology study reveals that 80% of insurers use...

Challenges and opportunities for insurance in 2022

There can be little doubt that the past two years have been among the most challenging South African insurers have ever faced. The business closures and loss claims as a result of the hard lockdown in early 2020 came as a seismic shock. Since then, death claims have...

Anti-fraud analytics booms as cyber war rages

Insurers’ use of predictive analytics to fight fraud has reached an all-time high, according to the latest insurance fraud technology study by the Coalition Against Insurance Fraud and analytics and AI leader SAS. The State of Insurance Fraud Technology study reveals...