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Look at your contract and watch out for the unscrupulous over the festive season. We speak to Reana Steyn, the insurance ombud
Manage episode 454117766 series 3602024
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In this episode of The Unusual Finance Chat, Tinus de Jager and Jacques de Villiers unpack the latest developments in the world of insurance, both at home and abroad.
We explore the case of a UK motorist who faced a six-figure repair bill after his insurance claim was denied—because of an undeclared tow bar. This sparks a discussion about the pitfalls of purchasing cover through comparison websites and the importance of understanding policy fine print.
Closer to home, we delve into the multi-million-dollar legal battle between South Africa’s Global Aviation Investments and Russian insurer Ingosstrakh, a saga that’s been in and out of courtrooms for over a decade.
We also discuss the shocking assassination of UnitedHealthcare CEO Brian Thompson in New York, raising questions about the safety of corporate leaders in today’s world.
On a more positive note, we highlight the R161 million recovered for South African consumers by the National Financial Ombud Scheme this year, with insights from Reana Steyn, the head of the NFO, in an exclusive interview later in the episode.
You can find the NFO on this link.
As always, Jacques wraps up with his "This Week in the UK" segment, while we touch on the fascinating history of insurance and answer a listener’s question.
Tune in for a thought-provoking episode filled with expert analysis, compelling stories, and practical insights into the insurance industry.
Find us on your favourite podcast player. The Unusual Finance Chat.
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