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News | Tag: risk management
How inflation impacts your insurance cover
September 15 2025 By Reliance Insurance Brokers insurance, personal finance, inflation, risk management, policy reviews, south africa, consumer protection
Underinsurance is a significant problem in South Africa. Insurance valuation expert, Quantam, last year estimated that almost 80% of South Africans were underinsured by more than 50% of the total value of their insured possessions. That means that the majority of people who have short-term insurance policies are unable to use them to the fullest extent as a result of their coverage falling short. One of the main reasons for this shortfall is the ...
Read MoreTime for your midyear insurance check
July 09 2025 By Reliance Insurance Brokers insurance, financial planning, risk management, policy update, insurance broker, home insurance, business insurance, climate resilience, disaster recovery, mid-year check, insurance claims, short-term cover
It's hard to believe it's already the middle of the year. This is a good time to check your short-term insurance policies and make sure all the information presented there is still correct and valid. If anything has changed since the beginning of the year or since your last insurance review, including additions to your home or home contents or changes to your home security, you must contact your insurer and update your policy. The same is true ...
Read MoreWhen life changes, so should your insurance
June 04 2025 By Susan Moffett insurance, life events, home insurance, car insurance, personal finance, risk management, home-based business, teen drivers, weather cover, insurance advice, policy updates, south african insurance
Life evolves all the time as we get married, grow our families, move home or retire. Did you know that your insurance should evolve with you as you move through these life changes? If you're not sure when to reassess your insurance, here are our top 10 life events that require a policy re-evaluation: Renovating your property Whether you're upgrading your kitchen, adding a pool or adding on a granny flat, these changes increase the value of your h...
Read MoreSee insurance as a grudge purchase? Think again!
March 17 2025 By Reliance Insurance Brokers insurnce, risk management
Short-term insurance might feel like a grudge purchase, however viewing it differently might just change the way you see these necessary monthly payments. For a start, your short-term insurance policy gives you peace of mind. You don't need to worry every time you step foot out of your home, into your car or into your office that something could happen. You have enough to think about; worrying about accidents shouldn't be one of those things. Whe...
Read MoreWhen last did you do a business risk assessment?
March 09 2023 By Reliance Insurance Brokers risk management
With loadshedding now a fixed, yet highly unpredictable, feature of the South African business landscape, it was only a matter of time before reinsurers raised the alarm on covering businesses under these unprecedented conditions. In early February, a number of local insurance companies announced that they would no longer cover damages related to electricity grid failure, on the advice of their reinsurers. In effect, the failure of Eskom's grid a...
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