"Resiliency is tantamount to an organisation’s ability to recover from a cyber incident and it is essential to have a risk management and insurance solution in place that is built for purpose,” says Zamani Ngidi, business unit manager of M&A…
“If the tenant or visitor’s property gets damaged due to an event which is related to the building, for example – if a landlord does not maintain the property appropriately, and a roof tile is blown off by the wind and damages a vehicle, the…
"Policyholders should not assume that prior correspondence with related insurers will suffice to satisfy disclosure obligations in new applications. The obligation to provide a full and truthful response lies squarely with the insured," says…
“It’s encouraging to see the numbers trending down, but hijacking and theft are still far too common. What’s important is that we’re now seeing what works, particularly when it comes to proactive interventions like enhanced tracking systems…
"The true economic loss of the Mthatha disaster, however, is not known yet. But one thing is for sure – it is going to be significant. The national government has since committed R5 billion towards rebuilding efforts across the Eastern Cape,…
"Your building, household and vehicle insurance will therefore exclude cover for damage or loss caused as a result of poor maintenance or negligence. Known as exclusions, these clauses are often overlooked and misunderstood by policyholders,"…
“When people connect with advice that understands their context - their struggles, aspirations, and cultural nuances - something powerful happens. It’s not just about money. It’s about clarity, confidence, and control,” says Cebile Zibi, Executive…
"South Africa faces mounting infrastructure challenges - from roads in disrepair to energy and logistics systems in urgent need of upgrades. These challenges, in theory, present a significant opportunity for the construction sector. Take the…
“The industry has the unenviable task of balancing premium rates with sustainable underwriting practices and risk mitigation measures to ensure a sustainable insurance sector that can continue to provide quality cover and pay claims over the…
"Whether it's home insurance to safeguard property investments or comprehensive vehicle insurance to prevent financial devastation after an accident, insurance ensures that young South Africans can continue building their financial futures without…
"There is no doubt that AI is changing the game for insurance and risk professionals. But we are also embracing it as a tool to protect our customers, improve efficiency, and enhance fraud detection," says Ayanda Mdhluli Senior Manager: Cyber…
“Many of the tracking devices installed in cars or used in alarm systems still rely on older 2G or 3G networks to transmit data. As more cell towers supporting these networks are being taken offline – and some already have been – the risk is…
"Ricardo is well known and highly respected within the actuarial community and non-life insurance market. We are thrilled to welcome him to Old Mutual Insure. His values and approach are a strong fit with our culture, and I am confident he will…
“AIE 2025 brings together not only the brightest minds in insurance, but also a powerful community of professionals who are passionate about the future of our industry. This year’s line-up reflects the diversity, dynamism and depth of expertise…
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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