Tag: absa insurance company

“My Insurance Claim Was Rejected!”, This is How to Overturn it!

  Are you one of the many thousands of South Africans who put their hard-earned cash into the hands of insurance companies? Many of us want to believe that regardless of what happens to our assets, if we pay our monthly premium, our insurers will recoup our losses, but is that really the case? The Ombudsman for Short Term Insurance, otherwise known as OSTI, released their 2018 report stating that last year saw a rather […]

best and worst insurance

UPDATED: Best & Worst Insurance Companies of 2019 in SA

Which Insurers Received The Most Complaints? The Ombudsman reported that Absa Insurance is the most complained about insurer of 2018, 2nd year running now. Absa Insurance made up 9% of complaints within the total insurance industry with 800 complaints being put forward to the Ombudsman. Despite a large number of complaints received, the ombud found 18% of all Absa Insurance claims in favour of the customer. The table below illustrates the worst South African insurers of […]

Most Affordable Car Insurance Companies In South Africa Compared

One of the most frequently asked questions in South Africa is “Which insurance company has the most affordable car insurance premiums”, we were wondering the same thing so we did some research. We have taken 5 different consumer profiles and compared the insurance companies that came out the cheapest on our comparison engine.  25-year-old single woman, driving a Hyundai i20­­­­ 35-year-old married man, driving a Polo 45-year-old married male, driving a Hilux Bakkie 55-year-old divorced female. Drives […]

Best & Worst Insurance Companies In South Africa Exposed

2017/2018 surely wasn’t the easiest year for policyholders or insurance companies. Mother Nature brought us some dramatic challenges in South Africa, the unexpected tornadoes in the Vaal, flash floods in KZN and Gauteng, fires that destroyed much of Knysna and the harsh drought in the Western Cape. It has been a tough year indeed with 61% of complaints under homeowners insurance relating to storm damage and other acts of Mother Nature.  As policyholders, we have […]