Outsourcing

In the following few posts, we want to address the outsourcing issue. The term outsourcing means obtaining (goods or a service) from an outside or foreign supplier, especially in place of an internal source. Is this a good thing? Or better, will outsourcing give my business the cutting edge? One way of explaining or justifying […]

Read more

Assurance vs Insurance

Both insurance and assurance are financial products that are offered by insurance companies. In Afrikaans there is only one word for both of them, namely ‘versekering’. The difference between the two terms has become blurry with time and the two are often used interchangeably. However, they mean different things.

Read more

The Benefits of Life Assurance

The core benefit is the amount that is paid out. This either occurs on death or at the end of a fixed period, whichever is earlier. Investing in life assurance gives the assured peace of mind that his beneficiaries will have sufficient funds or income when he/she passes away or is permanently disabled. Life insurance mainly […]

Read more

The History of Insurance

The history of the insurance business is really quite phenomenal. It has been around for thousands of years. The earliest form of insurance among caravan troupes goes as far back as 2000 BC. These caravans travelled Babylonia and neighbouring countries and jointly shared their losses, mostly due to theft. We know from old documents that […]

Read more