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Transforming insurance with BI

Insurers are driven by data to get meaningful insights into their customers, products, competitors, and the market. However, the real differentiation comes in how that data is evaluated through analytics and processes, says Kelly Preston, data analytics manager at SilverBridge “The competitive landscape means insurers have to continually innovate and develop products more in tune [...]

By |March 7th, 2017|General, News room, Press office, SilverBridge holdings|

How to gain actionable insights from your insurance data

Companies need to leverage business intelligence (BI) more effectively to get the best value out of the data being generated. In the information-rich insurance industry, says Kelly Preston, data analytics manager at SilverBridge, this should be a strategic fundamental. “The value of data lies in the actionable insights that can be drawn from raw information. [...]

By |February 16th, 2017|General, News room, Press office, SilverBridge holdings|

SilverBridge Subsidiary Takes Insurance Solutions into Africa with Exergy

Integrating Managed Services Platform for Enhanced Policy Administration PRETORIA – Feb. 06, 2017 – Cirrus, a subsidiary of the SilverBridge Group, is using Microsoft Azure as the foundation for the Exergy managed services offering, designed for the long-term insurance industry in Africa. This will provide insurance companies across the continent with a cost-effective and efficient [...]

By |February 6th, 2017|General, News room, Press office, SilverBridge holdings|

Understanding endowment assurance

At its most basic, an endowment is a kind of life policy that pays out the sum assured either on a fixed date (typically anything from 10 to 20 years) or upon the death of the person insured, whichever happens first. An endowment is therefore best viewed as a combination of life assurance and savings [...]

By |August 10th, 2016|Blog, General|

Term Insurance.. the ins and outs

Term assurance is probably the oldest form of life assurance and was typically in force for a period of one year. Today this type of policy usually has a term between 1 and 20 years. It provides coverage at a fixed rate of payments for a limited period of time, called the term. After that [...]

By |May 18th, 2016|General, Insurance general|

What do our users experience?

User experience is the feeling a user has when he/she works with a specific product or entity. The international standard on ergonomics human system interaction, defines user experience as ‘a person’s perceptions and responses that result from the use of a product, system or service’. The term UX or user experience is widely used in the IT and design spheres, because the user’s feelings towards a product ultimately determines whether it is usable and functional. This experience involves most of our senses and goes far beyond visual aesthetics. […]

By |April 14th, 2016|General|

Types of Whole Life Assurance

This is a follow-up blog on the discussion about 'What is whole life assurance'. Today we are talking about two different kinds of whole life assurance in this blog, namely whole life limited premium assurance and deferred whole life assurance. Whole Life Limited Premium Assurance A whole life limited premium assurance policy can be a with-profit [...]

By |March 17th, 2016|General, Insurance general|

Mobile money and micro insurance

Micro insurance is insurance with low premiums and low coverage. It primarily focuses on helping poor families by offering coverage to low-income households and individuals who have little savings. They are tailor-made specifically for lower valued properties and compensation for illness, injury or death or belongings, such as, huts, livestock or instruments. It is often found in developing countries, where the current insurance markets are ineffective or non-existent. Because the coverage value is lower than a usual insurance plan, the insured people pay considerably smaller premiums. […]

By |March 4th, 2016|General, Insurance general|

When outsourcing should become the strategy…

Outsourcing is a feasible option for many jobs from HR and payroll, training, cleaning, accounting and manufacturing and to asset management and IT services. Deciding whether or not to outsource is not an easy call to make. It’s crucial for every business, from the small start-up to the large organisation. And, more importantly, which problems you are expecting to solve. Outsourcing can definitely be the tool that could make your business more productive and profitable, if you know when to take advantage of it. Think about these criteria when deciding which tasks to outsource: The task isn’t fundamental to generating income The task is done routinely and wastes resources The task is often overlooked or delegated because nobody wants to do it The task can be done by someone with less/different skills The task may be done inexpensively in-house, but burdens employees that are better used elsewhere The task requires a specific or rare skill which regular employees don’t have […]

By |February 18th, 2016|General, Insurance general|

On the verge of 2016!

  At this time of the year we are all looking forward to shaking off 2015 and ready to embrace the New Year. But what will it have in store for us? My uncle always says that it is best we don’t know, yet I feel a little bit of info wouldn’t hurt, would it? I mean just enough info so that we could be slightly better prepared, or maybe better positioned to take on whatever comes our way. […]

By |December 30th, 2015|General|