“The initial excitement temporarily overshadowed any sense of caution or reservations that prospective hosts may have had. Now, over a decade later, property owners have a better idea of the risks involved and are wisening up on how to safeguard…
"The IUMI Loss Prevention Committee has developed a paper outlining best practices regarding the safe and efficient transport of liquid bulk cargoes using flexible tanks in dry-van ISO containers, and these guidelines aim to identify risks and…
“There seems to be a misinterpretation from many contractors on how liability is triggered, which can open a can of worms when the sub-contractor is operating on behalf of the principal contractor, not only during the construction period but…
"Historically, loss prevention relied heavily on manual inspections, routine maintenance and crew training. While these methods were useful, they were labour intensive and prone to human error. With technological advancements, the maritime industry…
“As the aquaculture industry sits on the cusp of massive growth and development, it needs to avoid being blindsided by the growing risks in the market that could have a profound effect on its livelihood and sustainability," says Harold Bond,…
"Insurance isn’t exactly thrilling if you’re not in love with it like we are. But having a pro in your corner can make all the difference. Chat with an insurance agent who can break down all the jargon and help you find the best cover for your…
"Should you find you are in a predicament with scams, make sure not to pay more money and immediately focus on stopping further losses; gather all information about the incident while it is still fresh. Next, investigate ways to repair the damage…
"The English High Court recently reaffirmed the validity of the pay to be paid rule in the context of marine insurance, rejecting an attempt to distinguish between mutual P&I and fixed premium policies issued by commercial insurers," writes…
"The threat of cyberattacks poses a significant risk to both societal and economic stability. As insurers, we can offer some degree of protection, but we must acknowledge that large-scale, catastrophic cyber events present substantial accumulation…
"The first half of 2024 has presented a superb set of results for the Lloyd's market which represents a combination of disciplined underwriting, smart organic growth and real strength in the Lloyd's balance sheet. This is good news for both…
"By ensuring that your personal details are up to date and taking the time to understand the new rules, you can make the most of this system’s benefits. Remember, there’s no rush to access your savings. Your funds will keep growing if you leave…
"As more businesses transform digitally, more cybercriminals are exploiting vulnerabilities. Fortunately, businesses do have a shield to protect them through cyber insurance. However, while it offers significant benefits, this type of insurance…
“It’s about equipping young people with the necessary skills and knowledge to actively contribute to building a more robust and inclusive insurance industry in a world where risk is rapidly evolving and escalating," says Melanie du Plessis,…
“For over 100 years, we have centered our product and service offering around safeguarding the things that are important to our clients. Now, well into the information age, many South Africans are rethinking what it means to have financial protection…
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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