Key risk trends for D&O in 2025: insolvencies, geopolitical tension and "AI washing": Allianz
"The litigation landscape and enforcement are increasingly stringent, and we are seeing regulatory bodies…
King Price Insurance's client experience partner, Wynand van Vuuren, explains the difference between 'break-ins' and 'robberies': A break-in is unlawful access with criminal intent whereas robbery is direct interaction between criminals and people in houses, frequently involving intimidation or violence.
"The litigation landscape and enforcement are increasingly stringent, and we are seeing regulatory bodies…
“The adoption of the ICS and these updated standards represent a pivotal moment for the global insurance…
“The winners represent a commitment to demonstrating innovation, leadership, and excellence that sets…
"Business Email Compromise is a sophisticated form of cybercrime that targets organisations by infiltrating…
As the year moves into its twilight months, 2025 begins to loom over us, and the insurance industry is no exception. Driven by evolving customer needs, technological advances, and regulatory shifts, the upcoming year is set for some shaking up.
Assupol understands that the introduction of the two-pot system can be overwhelming and that is why they…
"Business Interruption cover should be integrated into a holistic approach to protect the business, recognising…
"We invest heavily in culture, talent development and creating an effective workforce. Our culture is a key differentiator that helps us attract and retain talent. I would describe it as inclusive, diverse, safe, caring, supportive, fun and client centric. We want our staff to feel inspired, appreciated…
"A good leader should set a vision for people, so that the employees feel part of something bigger than…
"I first joined Standard Bank in 1995 and have since then held several executive positions including…
A career in insurance is probably the best-kept secret. I started my career in 1998 in a postroom in…
"I feel very fortunate to have had the opportunity to work in a diverse range of roles over the last…
"While the 2024 Transformation Report reflects consistent progress over the past six years, we must also acknowledge the ongoing challenges. After all, a progress update, by its nature, indicates that the targeted goal has not yet been achieved," says Kaizer Moyane, CEO of Association for Savings and…
"The most successful financial services businesses in the current, volatile landscape will consistently…
"I am deeply honoured to receive the SARA President's Award. This moment is not just a personal achievement,…
"Before the enactment of the Protection of Personal Information Act (POPIA) in July 2021, there was no…
"Some people leave these details out to dodge temporary exclusions on their policy. When they later claim…
"Given the global interest rate environment, which is expected to remain elevated for a while longer, investors can take advantage of short-duration, low-risk global income instruments like our AMETF,” explains Henk Kotze Head of Cash and Income at Prescient Investment Management.
"One of the standout benefits of AMETFs is accessibility. As exchange-traded products, they can be bought…
"When market sentiment is low, asset prices tend to follow suit and creates a ripe environment for long-term…
"Creating lasting wealth to pass down for generations to come can seem an overwhelming task. But taking…
“Along with our partners, we are very excited to be launching our 19th EM private credit fund. The strategy…
"Much of this increasing loss burden results from value concentration in urban areas, economic growth, and increasing rebuilding costs. By favouring the conditions leading to many of this year's catastrophes, climate change is also playing an increasing role. This is why investing in mitigation and adaptation…
"Enhancing the overall resilience of the Group has been a key priority for the management team. With…
“We are pleased to announce today the completion of the 2024 L&H assumptions review, with an outcome…
"I’ve asked our actuaries to do the sums. And they illustrate how hard it will be to make up for the alluring thought of going on holiday with retirement money, or on credit," says Therèse Havenga, Head of Business Transformation at Momentum Savings.
"Financial discipline is important, especially during the last few weeks of the year – It is the basis…
“By reflecting on the past year, you can identify what worked well and where there’s room to improve.…
"In Africa, the industry, though still in its infancy, is rapidly growing and evolving, propelled by the continent's burgeoning digital economy and its ability to leapfrog basic services through technological innovation," says Linda Oniwe, Vice President for Technology, Media and Telecommunication at…
"It's good to see that, overall, the banking industry remains the best performing industry in terms of…
"By streamlining payment processes, we enable Spreedly's customers to offer local payment options with…
"As businesses navigate an increasingly complex risk landscape, it is essential to broaden the focus beyond economic risks. 2024 is on track to be the warmest year on record, and so the escalating impacts of climate change must not be ignored.," says Peter Giger, Group Chief Risk Officer, Zurich Insurance…
"Our nine-month results confirm the continued strong momentum across all of Zurich’s businesses. In P&C,…
"As I move forward as CEO, I intend to place a firm focus on developing and driving our growth strategy,…
"The insurance industry is one such industry where we have seen organisations rapidly adapt to meet changing…
“The majority of leaders are aware of the advantages that AI can bring, especially when it comes to managing…
"Several factors have caused the global energy landscape to shift dramatically in recent years—with the post-pandemic recovery, geopolitical tensions and climate challenges being among them—and these have made Africa's energy poverty more poignant," says Pedro Omontuemhen, PwC Africa Oil and Gas Leader.
"The sentiment in global financial markets has been notably more favourable towards South Africa since…
"A significant driver behind this increase is the rise in energy use, driven by factors such as the energy…
"As at 30 June 2024, the FSCA has said it had approved a further 63 licence applications, bringing the number of licensed CASPs in South Africa to 138. The total number of applications received to date is 383, of which five have been declined," announced the Financial Services Conduct Authority (FSCA).
"While aggregate systemic risk scores increased slightly at year-end 2023, the interim GME analysis found…
“Comments received in response to the 2023 public consultation helped enhance the ICS design, which is now almost…
"South Africa's legislative landscape is marked by conflicts and inconsistencies that can hinder effective governance and the successful implementation of public-private partnerships. Addressing these issues requires a concerted effort to harmonise legislation, improve clarity in regulatory frameworks,…
"Regular check-ins after a withdrawal are essential. These conversations allow us to continuously update…
"Living longer should be celebrated, but it also requires us to approach retirement planning differently.…
"Rather than attempting to be 'everything to everyone', successful managers focus on presenting a targeted investment thesis aligned with their core strengths. They generally commit to their strategy and thesis, avoiding the temptation to revise this based on distinct investor demands out of desperation…
"Treasury highlights elevated fiscal risks, including potentially lower revenue growth from economic…
"As a leader, he offered a sharp mind, a deep understanding of economics, and a keen sense of duty. His…
"In gas markets, Iran is a significant producer, but it is not major exporter of gas. Unlike the oil market, there is little or no spare capacity in global gas markets right now. The big players in the region are Qatar and the UAE whose combined exports comprise around 20% of global liquified natural…
"In gas markets, Iran is a significant producer, but it is not major exporter of gas. Unlike the oil…
"The escalation of the Middle East conflict, now involving fighting against Hezbollah in Southern Lebanon,…
"The escalation of the Middle East conflict, now involving fighting against Hezbollah in Southern Lebanon,…
"Interest rate risk and high breakeven levels combined with concerns that crop and livestock prices could…
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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