“With climate-related disruption becoming an increasingly prominent feature of the global travel environment, travellers should place as much emphasis on understanding their cover as they do on choosing their destination, accommodation and itinerary,”…
"The case is a useful illustration that an administrative or documentation error- including one made by a third-party vendor during the renewal process - need not lock the insurer into unintended coverage, provided the true agreement can be…
"While it’s completely understandable that families are looking for breathing room in their budgets, viewing short-term insurance as a discretionary luxury rather than an essential financial safeguard introduces disproportionate risks," says…
"Leaders of tomorrow will require far more than technical expertise alone. While deep underwriting and risk management capabilities remain essential, they must also combine commercial judgement, strategic thinking, adaptability and the ability…
"A solar system isn't something that you install and forget about. Many of these were installed at the height of loadshedding, and as these systems age, components need to be maintained and replaced where necessary to reduce fire risk," says…
"Receiving approval in principle from Lloyd's is an important milestone for HDI Global UK & Ireland and reflects the strength of our strategy, underwriting expertise and long-term commitment to the market. Lloyd's is one of the world's most…
"Growth is a good problem to have, but it is also one of the times when businesses are most at risk of developing gaps in their insurance cover. As stock levels, contract values, vehicles, staff and equipment change, the cover that suited the…
"As more South Africans spend longer periods renting, it's important that insurance decisions evolve. Many renters assume they are adequately covered because the property itself is insured, but there is often a misunderstanding about what that…
“According to our own research, fires remain one of the key drivers of commercial claims. But strategic alignment on modern structural firefighting practices is now critical because of evolving fire behaviour, modern building materials, and…
“A drought can affect agricultural production, which affects supply chains, businesses and ultimately consumers. When households are already under financial pressure, even relatively small increases in everyday costs can have a significant impact,”…
"Many businesses rely on vehicles to generate income, serve customers and keep operations running. When a vehicle is stolen or hijacked, the impact can extend well beyond the vehicle itself. It can disrupt operations, place pressure on cash…
"Extreme weather can no longer be treated as an exception. It must be built into long-term planning, infrastructure investment and development decisions. The floods highlighted vulnerabilities in ageing infrastructure, drainage systems and planning…
“Flights are delayed or cancelled. Luggage goes missing. Trips are cut short. More seriously, travellers do get sick unexpectedly. They do have accidents. And when a medical emergency happens far away from home in another country, the emotional…
"Insurance capacity, deductibles, cover and pricing changes with time. If the owner cannot continue to convey the asset's operating risk position effectively, it's possible that exposure may increase impacting project company balance sheets,"…
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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