Save money on insurance payments by making the right buying decisions.

July 10, 2019 | 169 views

In a tough economic climate, South Africans are always on the lookout for ways to save. Cutting back on insurance premiums is often seen as an easy way to save money. All good, until you lodge a claim and suddenly find that your ‘saving’ now leaves you with an expensive problem. “With Savings Month focusing attention on budgeting it is a great idea to review personal spending and consider saving money on insurance premiums”, says Hannes Oelsen, Head of Claims at MiWay Insurance.

Spotlight

Insurance Designers of America

Formed in 1986, IDA is among the oldest, largest and most well respected Insurance Marketing Organizations (IMOs) in the country. Founded by former agency heads of a national insurance carrier that was exiting the agency distribution system, IDA was conceived to fill the void as insurance companies narrowed their scope solely to the manufacture of products and looked for new channels through which they could distribute their products. Today, IDA has over 50 agencies, a footprint in every state, and sales of $250+ million of annual premium, all of which help give IDA the scale and resources necessary to help over 85,000 financial professionals with their client’s insurance needs.

OTHER ARTICLES
INSURANCE TECHNOLOGY

How InsurTech-Insurance Partnership Delivers New Product Innovations

Article | July 19, 2022

In 2019, InsurTech funding reached $6 billion, acknowledging the pace that technology can bring to overcome the age-old Insurance problems, the State of AI in Insurance 2020 says. While Incumbents are known for their core competencies in end-to-end insurance processes (from underwriting to claims settlement and reinsurance), InsurTechs are enticing millennials with fully digital innovative products and solutions.

Read More
CLAIMS

The role of AI in enhancing claims experience for Insurance customers

Article | July 15, 2022

Insurance customers are most vulnerable when they file a claim. Be it life or general insurance, claims are filed in distress. This is also a critical moment for Insurers. The claims experience they deliver determines customer loyalty, which also influences referral customers in the long run. In the Insurance industry, where products and pricing among the competitors are almost the same, customer experience becomes the main differentiator.

Read More
INSURANCE TECHNOLOGY

5 Deep Learning Use Cases for the Insurance Industry

Article | July 13, 2022

In 2010, with the launch of the Image Net Competition, a vast dataset of about 14 million labeled images was made open-source to inspire the development of cutting-edge image classifiers. This was when Deep Learning technology got it’s a real breakthrough and since then there’s been no looking back for advancements in this field.

Read More

DOES YOUR INSURANCE COMPANY ACTUALLY NEED BLOCKCHAIN RIGHT NOW?

Article | February 10, 2020

Blockchain has great potential to create value for insurance organizations. But these are the three questions to ask before you make the investment. In my last post, I spoke about why teamwork is the key to unlocking blockchain’s true value. Today I want to talk about the key things to consider before pulling the trigger on investing in blockchain. Not because I want to deter you, but because it might not be the right solution for you at this time.

Read More

Spotlight

Insurance Designers of America

Formed in 1986, IDA is among the oldest, largest and most well respected Insurance Marketing Organizations (IMOs) in the country. Founded by former agency heads of a national insurance carrier that was exiting the agency distribution system, IDA was conceived to fill the void as insurance companies narrowed their scope solely to the manufacture of products and looked for new channels through which they could distribute their products. Today, IDA has over 50 agencies, a footprint in every state, and sales of $250+ million of annual premium, all of which help give IDA the scale and resources necessary to help over 85,000 financial professionals with their client’s insurance needs.

Related News

Auto Insurance Rates Are on the Rise - Here’s Why

capitalgazette | May 22, 2019

Auto insurance rates have been climbing up at a steady rate lately, and this is becoming more and more obvious to the average person. In fact, some people have started to get worried about the situation and the implications it holds for the future. And the worst part is, many of those people have a very poor understanding of the auto insurance market and how it works, and as a result have no idea what's causing these changes. Understanding the current market dynamics is important if you want to get the best deal on your own insurance, and it's even more important if you're planning any big purchases of this type in the future. You have to make sure that you can get the best deal on your future insurance plans.

Read More

Aquiline to Acquire Relation Insurance Services in California

Aquiline Capital Partners LLC | February 22, 2019

Aquiline Capital Partners LLC, a private equity firm investing in financial services and technology, has entered into a definitive agreement to acquire Walnut Creek, Calif.-based Relation Insurance Services from private equity firms Parthenon Capital and Century Equity Partners. Terms of the deal were not disclosed. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to be completed in the first half of 2019.

Read More

Auto-Owners Insurance snaps up regional insurer

Capital Insurance Group | February 20, 2019

Auto-Owners Insurance, a multi-line property and casualty insurer operating through independent agencies in 26 states, has announced that it has entered into a definitive agreement with Capital Insurance Group (CIG). CIG is a regional property and casualty insurer serving the western United States. The company insures personal lines and a wide range of commercial and agricultural businesses in California, Washington state, Oregon, Nevada and Arizona.

Read More

Auto Insurance Rates Are on the Rise - Here’s Why

capitalgazette | May 22, 2019

Auto insurance rates have been climbing up at a steady rate lately, and this is becoming more and more obvious to the average person. In fact, some people have started to get worried about the situation and the implications it holds for the future. And the worst part is, many of those people have a very poor understanding of the auto insurance market and how it works, and as a result have no idea what's causing these changes. Understanding the current market dynamics is important if you want to get the best deal on your own insurance, and it's even more important if you're planning any big purchases of this type in the future. You have to make sure that you can get the best deal on your future insurance plans.

Read More

Aquiline to Acquire Relation Insurance Services in California

Aquiline Capital Partners LLC | February 22, 2019

Aquiline Capital Partners LLC, a private equity firm investing in financial services and technology, has entered into a definitive agreement to acquire Walnut Creek, Calif.-based Relation Insurance Services from private equity firms Parthenon Capital and Century Equity Partners. Terms of the deal were not disclosed. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to be completed in the first half of 2019.

Read More

Auto-Owners Insurance snaps up regional insurer

Capital Insurance Group | February 20, 2019

Auto-Owners Insurance, a multi-line property and casualty insurer operating through independent agencies in 26 states, has announced that it has entered into a definitive agreement with Capital Insurance Group (CIG). CIG is a regional property and casualty insurer serving the western United States. The company insures personal lines and a wide range of commercial and agricultural businesses in California, Washington state, Oregon, Nevada and Arizona.

Read More

Events