"Considering these profound changes in the way businesses are operating, the risk landscape has fundamentally shifted, making adequate insurance coverage essential. Right now, most policies cover AI risks through "silent cover," meaning AI isn't…
"The most resilient infrastructure projects are those that embed risk management early - before construction begins. Yet many organisations still involve risk, legal and insurance advisors too late, once key decisions have already been locked…
"Through our initiative, we translate complex climate data into precise decision-making tools for on-site risk management. Our aim at Acapulco is to ensure, through forward-looking resilience planning, that hotels, promenades and the local economy…
"A sad reality is that anyone involved in a serious car accident and in desperate need of financial assistance from the RAF is likely to wait many, many years before the claim will be processed and money paid. For many victims of road accidents…
“A surprising number of claim disputes happen because policyholders don’t realise how a particular condition or exclusion works. This is why understanding your cover is such an important part of financial literacy,” says Wynand van Vuuren, client…
"If damage occurs as a result of poor maintenance or failure to exercise due care, the insurer may determine that the loss was preventable - and for businesses, this can extend to compliance requirements such as fire-safety measures, security…
“Growth cannot come at the expense of sound fundamentals. Insurers must remain focused on risk-based pricing and responsible capital deployment while identifying opportunities to expand into segments where they can deliver real value,” says…
“The availability of adequate risk transfer capacity is crucial for maintaining economic confidence. By restoring locally available excess cover, Sasria is helping to limit capital flight, enhance corporate resilience, and strengthen South Africa’s…
“Businesses and households now need to think about water supply risks in much the same way they once had to plan around load shedding,” he explains. “Contingency planning, alternative supply arrangements and on-site storage are becoming part…
“A BI policy would step in to cover the income lost during downtime and the model works well. However, the magnitude and scale of non-damage business interruption events often fall outside the intent and capacity of conventional covers and that’s…
"While government has assured the public that we are not yet in a fuel crisis, they have also urged motorists to avoid hoarding fuel, as well as to take steps to reduce consumption in an effort to conserve reserves. There are steps that South…
“Severe weather events are a stark reminder that risk is not abstract - it’s immediate and often preventable. While insurers are structured to respond when things go wrong, policyholders play a critical role in reducing their exposure to losses…
"The insurance industry also has a key part to play in ensuring its clients are prepared. Insurance is often viewed as a purely financial safety net - something you only use after a disaster has struck. However, the value of insurance, particularly…
“Imagine our ability to offer South African clients the global expertise of being part of an association that leverages capabilities across the entire value chain. That includes sectors such as construction, engineering, logistics and energy…
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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