Press Office

African growth boosts SilverBridge annual results

Following continued expansion into Africa and the introduction of new business models built around digital offerings, SilverBridge has reported strong financial results for the year ending 30 June 2016. Its net profit increased by 21 percent to R10.1 million and its cash balance improved to R27 million, up from the R18.2 million of the comparative [...]

By |September 28th, 2016|News room, Press office|

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|

Regent adopts Exergy for commission administration

When Regent had to automate its commission administration system, it opted for the commission module embedded in the SilverBridge Exergy policy administration system. The migration is considered to be one of the most successful projects at Regent Insurance given its complexity. Regent managed the migration of both the data and the functionality with support from [...]

By |July 12th, 2016|Case studies, Press office|

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|

With Christmas comes New Year

 Just like baking cookies goes with Christmas, so Christmas goes hand in hand with the arrival of a new year. And new years are fantastic. They give us the opportunity to evaluate or re-evaluate our lives. So as Christmas is linked to New Year, New Year is linked to planning and envisioning. We have all experienced great years, average years and awful years. And sometimes what happens to us is beyond our control. But we can always control our reaction to our experiences and circumstances. And with some planning we can also make sure that 2016 will bring you growth and happiness. […]

By |December 23rd, 2015|Press office|