Tava Madzinga | South Africa’s shifting risk landscape
"Rioting and looting caused an estimated R50bn in economic losses in July 2021, with the April 2022 KwaZulu-Natal…
“We are seeing that the sluggish economy is leading to frugality, meaning that while high net worth individuals have the means, they are choosing to acquire fewer, but higher quality possessions. This presents an opportunity to provide specialist, niche insurance to cater for these high-end items" says…
"Rioting and looting caused an estimated R50bn in economic losses in July 2021, with the April 2022 KwaZulu-Natal…
"To prevent the loss of lives and property, everyone needs to be aware of the danger of fire during this…
"It's important to take note of exclusions such as cover for pre-existing conditions, as well as various…
“Money laundering allows criminals to hide the origins of money that is illegally obtained through drug…
"My approach of treating everyone, regardless of their title or position, with a recognition of our shared humanity - and the concept of ‘lifting as you rise’ is also integral to my leadership philosophy – ensuring that I contribute to enabling others to become leaders, and realise their dreams too,”…
"The ability to balance multiple perspectives – short term / long term; customer/employer/shareholder…
"Our purpose at Hollard is to enable more people to create and secure a better future, and one way to…
"Connecting with people is so important. Many leaders view people as a means to an end. To me, our people…
"Top qualities of an effective leader are the ability for one to exhibit adaptability and open-mindedness,…
“Workforce resilience matters because businesses that put their people first are more likely to thrive. By creating a workplace environment that provides security, motivation and belonging, employees and colleagues are better able to weather and process the fiercest of storms and pressures,” says Jacqui…
"Diversity is a cornerstone of society, it becomes even more pertinent for companies to adopt a human-first…
“This partnership with African Unity Life is not just a business strategy; it is a leap into a future…
"Considering factors such as the high rate of medical inflation, the issue of fiscal feasibility, long-term…
"Under the merger agreement, both the 1Life and Clientèle brands will continue to operate much the same…
"I am honoured to lead the Global Climate Finance Centre and contribute to the transformation of financial markets towards a greener and more sustainable future. Together with our global partners, we aim to create a positive legacy by making climate finance more accessible and facilitating the transition…
Kevin Cousins, Head of Research at PSG Asset Management believes that under most scenarios the US long…
Expressing their gratitude to the outgoing Chair, the Board applauded Rantloane for his bold and visionary…
"There are benefits of trading and investing with a registered stockbroker and relying on an expert on…
"From a local investor’s perspective, unit trust flows have recently also predominantly moved into more…
"We must assume that the multi-year trend towards higher claim payments will continue. Adequate prices are indispensable if we are to be able to offer our clients the best possible reinsurance capacity in the future, as we have in the past," said Dr. Michael Pickel, Chief Executive Officer of E+S Rück.
"We are willing to expand our risk partnerships with our clients. To ensure that we can fulfil our role…
SCOR has announced the appointments of Caludia Dill to position of Group Chief Operating Officer and…
As the middle-aged population in South Africa faces the looming reality of retirement, the fear of financial stress casts a shadow over their golden years. The dream of a comfortable retirement is under threat for many, and addressing this issue is critical," says Velmah Nzembela, Chief Marketing Officer,…
"There are measures that could help lessen the risks associated with bad debts. Most importantly, ensure…
"Owning physical, tangible assets appeals to many as they feel a direct and personal sense of ownership,…
One bank (Bank of Communications (BoCom)), the Board said, has been added to the list of G-SIBs that were identified in 2022, and two banks (Credit Suisse and UniCredit) have been removed.
"Real-time location analytics stand out as a key component in this new approach. Financial institutions…
"This award is testament to the meticulous work put in by our employees. Our commitment to resolving…
"Traditional banking institutions often charge exorbitant fees for currency conversion and international…
"We have set measurable standards for the banks, which have reflected our values in promising to deliver…
Escrowsure's Executive Risk Consultant, Guy Krige unpacks more detail on the crucial role of escrow when it comes to the repercussions of software supplier insolvency, supplier breaches of license obligations, or the acquisition of a software supplier by an end-user competitor can lead to an unplanned,…
“This year’s Global Insurance Report comes in the second post-Covid year, amid five structural mega forces…
“The significance of this competition extends beyond the numbers, it's about fostering financial resilience…
"The group's success is testament to our advice-led business model and robust network of advisers, which…
"The journey toward financial inclusion in various sectors, especially insurance, remains in its nascent…
"South Africa’s gross domestic product (GDP) decreased by 0,2% in the third quarter of 2023. The agriculture, forestry and fishing industry decreased by 9,6% in the third quarter of 2023, contributing -0,3 of a percentage point to the negative GDP growth," says Stats South Africa.
Rob Kane, chairperson of the CCID Board and CEO of Boxwood Property Fund, says by taking responsibility…
“When Coega was launched we were told that it would change the city’s landscape and industry. For a long…
“Vicky will be greatly missed as Chair by both members and the Secretariat, having brought deep technical knowledge and impressive consensus-building skills to the role. She leaves behind a record of having finalised significant reform projects such as the Common Framework for the Supervision of Internationally…
The FSCA said that clients were charged various fees to have the reimbursements processed. The impersonator/s…
The Minister of Finance, Enoch Godongwana, MP, has announced the appointment of Pieter Smit as an interim…
"Difficult market conditions have triggered a healthy debate about the most appropriate application of living annuities in retirement plans. The discussion has shifted from a rather one-dimensional “living annuity versus guaranteed annuity” analysis, to a more nuanced debate about how and when to blend…
"One of the complexities of the two-pot system is how it will be implemented for defined benefit funds…
“Managing unclaimed benefits can be complex, particularly when the primary policyholder has passed away,…
"Advisers face the challenge of understanding this new system and effectively communicating its intricacies in the run up to its launch. With every customer’s dream of a secure retirement at stake, it is paramount to ensure they can navigate the Two-Pot Retirement System wisely," says Old Mutual Personal…
"Approaching each day with a purposeful attitude is a journey with many challenges. It requires being…
"Perhaps it is time that each of us on the roads looked in a mirror. We can all contribute in a million…
Insurance Biz is a New Africa Busines News Services (NABNS) publication launched in 2013 to focus on the insurance industry, investments, financial planning, employee benefits etc. It remains a great resource of news for industry professionals, and for those who seek to learn about the financial sector developments.
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