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The concept of insurable interest


Did you know? In 18th century England, it was possible to take out life insurance on any other person, whether you had any a legitimate interest in that person or not. This became a form of legal gambling, with people buying policies on prominent people who had become ill. Eventually Parliament was forced to enact a law to prevent the buying of policies by people who had no insurable interest in the insured person.

“Insurable interest” is one of the basic concepts of insurance law. A person or entity has an insurable interest in an item, event or action when the damage or loss of the object would cause them financial loss or other hardship. A person or entity who has an insurable interest in such an item, event or action would generally take out an insurance policy protecting them against the loss of that person, item, or event in question. If you do not have an insurable interest, then you cannot take out insurance to cover the loss.

Join us for a two-hour webinar in which we will explore this concept.


23 March 2021, 15:00-17:00


Andrew Hutchison is a contracts specialist and has published a body of work in leading South African and international peer-reviewed law journals and edited books on contract law. A theme running through most of these articles is the role to be given to good faith or fairness in South African contract law. He is interested in the comparative and historical angles to this question, as well as the constitutional and relational dimensions. He is currently engaged in research on financial inclusion and stokvels in Cape Town, South Africa. He presented a guest lecture series at the Levin College of Law at the University of Florida in January 2014. He has since then been a research visitor (inter alia) at the Edinburgh Centre for Private Law (Scotland, UK); the Max Planck Institute for Comparative and International Private Law (Hamburg, Germany); and Monash University’s Department of Business Law and Taxation (Melbourne, Australia).

Janine Janse van Vuuren and Alba de Pontes are both admitted attorneys who spent many years in practice as litigation attorneys. They have a combined 28 years of experience in the casualty insurance space and spent many years in the insurance industry in senior roles at a leading underwriting manager in the Santam group. They have been involved in strategising and litigating on some of the biggest and most complex casualty insurance claims in South Africa over the past 10 years such as the Greyston bridge collapse of October 2014, the Tongaat Mall collapse in November 2013, the listeriosis outbreak in March 2018 – to name but a few. They have many years of practical hands-on experience in the legal, insurance and technical complexities of running a successful complex claims strategy, claims operations and governance, compliance, claims management and risk assessment. Alba is currently working as a Loss Adjuster at Independent Claims Loss Adjusters, specialising in complex liability and professional indemnity claims. Janine has started her own boutique risk consultancy firm focusing on complex risk and claims related advisory services in the casualty insurance industry.

How much?

R695 per person.

How to sign up

Complete and submit the registration form. You will then be given the payment information. Please note that registrations will not be accepted until payment has been made.

One or two days before the webinar, we will send you the Zoom link.

Registrations close three days before the webinar.

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