In the news today: Big brother lands in Joburg, Sanlam calls for group risk industry to work together to improve affordability and Inclusive Fintech 50 announces global winners

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Surveillance state: Big brother lands in Joburg

The planned rollout of thousands of security cameras in Joburg over the next year has data experts concerned, even if residents themselves favour security over privacy.  READ MORE

Sanlam calls for group risk industry to work together to improve affordability 

The 2019 Sanlam Benchmark Survey has revealed that, for many employers, group risk fees rose by upwards of 50% over the past few years as a result of a deterioration in claims experience across the industry. A combination of factors – from market-wide pricing practices, worsening national health and taxation changes – has led to the increase in costs which may ultimately result in certain group risk products, like disability cover, becoming unaffordable. Sanlam believes the industry is at a tipping point and is calling for urgent collaboration and action from all stakeholders.  READ MORE

Inclusive Fintech 50 announces global winners

MetLife Foundation and Visa, with partners Accion and IFC, launch inaugural list to help fintech companies attract capital and resources to benefit the 3 billion financially underserved people globally.  READ MORE

Sacked Old Mutual CEO to sue South African insurer

Old Mutual’s former chief executive Peter Moyo plans to take the South African insurer to court after he was fired on Tuesday following a row over an alleged conflict of interest. READ MORE

London-based Insurtech Ecosystem to launch in Nairobi in July

Kenya is set to host the London-based InsurTech conference that is coming to Africa for the first time, in July this year. The conference dubbed Africa 3.O is the first conference outside of London organized by MarketMinds and the event is in partnership with the UK government and will be held on 15th and 16th July, 2019.  READ MORE