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IRMSA recognises excellence in the South African Risk Management environment

Published: Mon, 07 Nov 11

    By Michael E. Stoker Insurance Gateway® a division of Stoker Risk and ICT (Pty) Ltd www. insurancegateway. co. za       The Institute of Risk Management of South Africa (IRMSA) announced the winners of the 2011 Risk Management Awards at a glittering ...
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Don’t be complacent about safety in a residential estate

Published: Thu, 03 Nov 11

Those living in residential estates and gated communities need to be as vigilant about security as those living in standalone houses – perhaps even more so. Recent media reports and studies done by the Department of Forensic Investigation indicate that criminals do not consider dwellings in enclosures ...
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Christmas Sales Outlook

Published: Thu, 03 Nov 11

By Luke Doig, Senior Economist, Credit Guarantee Insurance Corporation   Headline consumer inflation in the first nine months of 2011 mirrors that of the same period a year earlier at 4. 6% but this masks the recent upward trend. 9% over the same period last year, but risk spiking well into double digits in ...
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Insure properly if you are renting out your holiday home

Published: Thu, 03 Nov 11

       Mandy Barrett of insurance brokers Aon South Africa               Holiday homeowners keen to capitalise on rentals from their properties over the holiday season should insure adequately against damage and liability says Mandy Barrett ...
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ACE Insurance takes a big step forward on growth path

Published: Thu, 03 Nov 11

On the back of steady organic growth and a sharp focus on providing service-focused niche insurance solutions, ACE Insurance South Africa has announced a new partnership which it says will provide profitable growth and diversification of revenues. With effect from 1 December 2011, First Property Assurances (FPA) will ...
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Track schools: Helping you make the most of your bike

Published: Thu, 03 Nov 11

A track school can be an ideal way for motorcycle owners to learn how to enjoy their bikes to the full, says direct insurer MiWay’s head of bike insurance Terry Terblanche. “Track schools are safe and controlled environments, hosted by professional or very experienced riders at racetracks around ...
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Step by step guide to becoming a Financial Advisor

Published: Tue, 01 Nov 11

By Justus van Pletzen CEO at the Financial Intermediaries Association of Southern Africa (FIA)   Financial intermediaries, also known as financial advisors, act on behalf of individuals or corporate clients to protect their financial security, investments and assets against potential harm or loss. The main ...
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Business intelligence takes wings

Published: Thu, 27 Oct 11

Mobile business intelligence (BI) has accelerated following the launch of the iconic iPad by Apple visionary Steve Jobs little more than a year ago. Despite widespread smartphone adoption, its small screen size prevented it from leading the charge for mobile BI. The arrival of the tablet PC changed all of ...
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80% of South Africans leave expensive belongings in cars overnight

Published: Thu, 27 Oct 11

A new South African survey has revealed that 82% of respondents leave expensive belongings in their cars overnight, not only exposing their motor vehicle to potential expensive break-ins but also leaving their personal and sometimes irreplaceable belongings vulnerable to being stolen. According to Christelle ...
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Building a resilient short-term insurance industry in South Africa

Published: Wed, 26 Oct 11

The Strategic Risk Forum (the Forum) of Strategic Leaders and Risk Experts has held their first think tank meeting to address the objectives of the Forum to prioritise the high level strategic initiatives that they would recommend for collaboration involving all the relevant stakeholders across the industry to address ...
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Road Accident Fund (RAF) to establish a new accident claims body

Published: Wed, 26 Oct 11

The government recently announced that it is their intention to establish a new accident claims body, a move that is likely to result in the scrapping of the cash-strapped Road Accident Fund (RAF). The cabinet already approved the new policy document which would see the new scheme being governed along social ...
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Financial Sector Charter (FSC) Update - September 2011

Published: Wed, 26 Oct 11

Following a meeting of the Ministers of Finance and Trade & Industry and the Financial Sector Charter (FSC) Council board on 30 July 2010 it was agreed to gazette the Financial Sector Charter as a three phase process. Phase 1: Phase 1 specifically excluded Access to Financial Services, Empowerment Financing, ...
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Aon Kicks Off Epic Soccer Journey through Africa

Published: Wed, 26 Oct 11

“Pass It On” initiative to engage clients, colleagues and communities as Manchester United football travels from Cape to Cairo Aon South Africa will kick off on an eight month-long Cape to Cairo journey on 24 October 2011 in Cape Town, where Aon staff members will set off to 19 Africa offices with an ...
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Camargue Underwriting Managers Reveals New Corporate Identity

Published: Tue, 25 Oct 11

Synonymous with the new beginnings that go hand in hand with spring and the change of season, so too has Camargue Underwriting Managers, undergone a significant transformation of its own. Part of this change, and in an effort to align the company’s image with its rapidly expanding and evolving business, ...
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Rest periods critical for long distance truck drivers

Published: Tue, 25 Oct 11

A tragic case that was recently ruled on by the Ombudsman for Short Term Insurance, in which a truck driver, who was believed to have fallen asleep at the wheel, was killed when his truck veered off the road, is sadly not uncommon amongst transporters. According to Phillip Rentschler, Managing Director at ...
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Mutual & Federal Improves Claims Communication

Published: Mon, 24 Oct 11

Mutual & Federal, a member of the Old Mutual Group, has recently introduced a faster and more convenient way to communicate with their customers in the event of a claim. The short-term insurer now provides updates to its customers via SMS so that they know the precise status of their claim as it is processed. ...
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Towers Watson hires Coenraad de Jager

Published: Sun, 23 Oct 11

Key appointment to underpin growth of its Risk Consulting and Software business. JOHANNESBURG, LONDON, NEW YORK - Towers Watson (NYSE, NASDAQ:TW), a leading global professional services company, has hired Coenraad de Jager in a newly created role to bolster its Risk Consulting and Software (RCS) business ...
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Santam scoops Top honours for 2010 Sustainability Reporting

Published: Fri, 21 Oct 11

Santam, South Africa’s leading short-term insurer, was named the overall winner in the financial sector category at the South Africa Awards for Sustainability Reporting for its 2010 Sustainability Report. Spearheaded by the Association of Chartered Certified Accountants (ACCA), the announcement was made recently ...
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Lockton and First Equity Risk Management Services to Form South African Broker

Published: Fri, 21 Oct 11

London and Johannesburg -- Lockton Companies LLP and First Equity Risk Management Services (Pty) Ltd announce their intention to form a new South African joint venture company Lockton First Equity to provide commercial insurance brokerage services in South Africa.   The venture will service Lockton’s ...
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Survey reveals SA’s worst driving habits

Published: Wed, 19 Oct 11

Using a cellular phone is the most common kind of distractive behaviour South Africans are guilty of behind the wheel, surpassing other distractive driving habits by more than 50%. This is according to a recent CIB Insurance Administrators (CIB) survey, which asked local drivers to choose one of four actions ...
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