“While earning extra money by delivering food as an Uber Eats driver or transporting passengers sounds appealing, it's important to be informed about the associated risks. Many vehicle owners might not realise that using their personal vehicles…
According to Karen Rimmer, Head of Distribution at PSG Insure; by providing expert guidance and tailored insurance solutions, advisers can help business owners to mitigate potential financial losses by safeguarding their assets and serving as…
“We want to expand and have a significant appetite for risk. Businesses in this region are growing quickly and eager for coverage, so there is a significant opportunity. Complex projects in sectors like energy require underwriting expertise…
"Driver and pedestrian behaviours such as drunk driving, jaywalking, recklessness, and speeding are among the main contributors to South Africa's annual motor vehicle accident fatality statistics; these human behaviours are also among the most…
"With business volumes and confidence stabilising, it’s important for property buyers to revisit their insurance strategies in protecting their investments. As property values rise and market activity increases, protecting your assets against…
"Infrastructure which is proving to be the most challenging in this context includes poorly maintained roads, which pose flooding risks due to poor drainage. Certain areas have also become overly built-up with little or no retaining walls, making…
"Collaboration is the hallmark of the Lloyd's market, and through our ongoing partnership with MIGA, the (re)insurance industry has facilitated projects around the world which are having a tangible impact on the local and national communities…
“Surety, at its core, involves a promise by a contractor to assume responsibility as contractually agreed. A surety/bond is a tripartite agreement that binds together the principal (contractor) and the obligee (the project owner) with the guarantor…
"Just as we clear out the cobwebs in our homes, it's equally important to polish our insurance policies and give them a thorough review. Our belongings evolve over time, and it's essential to ensure that your insurance cover keeps pace with…
"The comparatively weaker growth of poorer countries reflects the new reality of a fragmenting world. Until 2017, the year in which the trade disputes between the USA and China broke out, poorer countries still had a growth advantage of 10 percentage…
CEO of Santam Client Solutions, Atang Matebesi, answers some common questions that young South Africans may have regarding the significance of having insurance and shares Santam offerings tailored for young individuals.
"If your insurance premium looked like a restaurant bill there would be a section where you're charged based on what we expect you to claim, another line item would be the cost of our operations, plus the cost of additional benefits, and the…
“In general, the cargo market is healthy and in a good place. We appear to be in a good part of the cycle. Losses have improved over the past five years with major losses down year-on-year. It appears that carriers and operators are focusing…
“Digitisation and technological advancement are leading to the creation of new types of data within transportation domains. The insurance and reinsurance market can utilise this data in enhanced underwriting, new product creation, and more efficient…
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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