Tag: cost of insurance in south africa

“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 […]