"The court acknowledged that a municipality’s legal duty is not absolute and must be assessed in light of its capacity, particularly funding and staffing. However, it found that the defendants had conceded the legal duty to cover and barricade…
"A quick trip to the car wash is a weekly routine for many of us, but do you ever think about what happens to your keys while your car is being cleaned? Handing them over without knowing where they are being stored can leave your vehicle vulnerable…
“Procrastination is something we all face. But in a high-pressure, client-focused environment, delays in decision-making can impact productivity, erode client trust, and stall overall success,” says Adele Beetge, head of the King Price Training…
"A recent judgment from the Supreme Court of Appeal has provided important clarification on the application of prescription in the context of misappropriation of funds within a close corporation," writes Mtho Maphumulo, Partner, Insurance and…
“It is a great privilege to be appointed as the CEO of Old Mutual at an exciting time in the Company’s history. The Company has a strong foundation, exceptional and diverse talent, a proud history, and a promising future as a provider of innovative…
“It is an immense privilege to be chosen as the next Chief Executive of Lloyd’s. I am excited to lead such a talented and dedicated group of people. I have strong confidence in what we can achieve together and look forward to adding another…
“Insurance fraud is a criminal offence, and those who submit false claims face criminal prosecution and could end up with a criminal conviction against their name. Beyond the legal consequences, however, insurance fraud undermines the integrity…
“A weaker rand means that all these items cost more – which in turn means that their replacement values increase. Insurance companies are likely to experience higher claim values as the rand depreciates and may in time have to increase insurance…
"Insurers are increasingly requiring surge protection devices (SPDs) for property owners. However, do these requirements genuinely safeguard policyholders and their assets, or are they simply fulfilling a compliance obligation?" asks Dr Andrew…
"In the insurance sector, trust and reliability are paramount. This accreditation not only strengthens our reputation as a credible and internationally recognised organisation, but also demonstrates that we are actively implementing structures…
“Adversarial attacks are deliberate manipulations of input data, designed to fool machine learning models into making incorrect predictions or classifications. These sophisticated attacks, which exploit vulnerabilities by introducing small and…
"In summary, the joinder of a third party in legal proceedings is a complex but essential process that ensures comprehensive and fair adjudication. This case adds to the existing case authority precedent for future disputes involving multiple…
Paul Sanders, Regional Managing Director at GIB Inland, and Tracy McLaughlin, Regional Managing Director at GIB Coastal, provide insight into the key trends shaping the industry's future.
"Political violence remains a top 10 global business risk according to our customers because politics is increasingly perceived as being dominated by populism and blame and division, geopolitics by nationalism and a changing world order, and…
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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