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The anatomy of risk

Magda Stepanyan, The Risk Doctor Partnership It is clearly important for us to understand the nature of a risk properly if we are to manage it effectively. Many people only consider a limited number of risk characteristics, leading to a limited ability to manage risk. Effective risk management requires ...
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Stephane Rutili appointed Euler Hermes South Africa Country Manager

          Stephane Rutili, Country Manager Euler Hermes South Africa           JOHANNESBURG: Euler Hermes, the worldwide leader in trade credit insurance, has appointed Stephane Rutili as Country Manager for ...
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Support Services for Internal Compliance Officers

The main business of Moonstone Compliance is to provide an outsourced compliance service to FSPs in terms of Sec 17 of the FAIS Act. In addition, we render support to internal COs from a variety of registered entities, both local and abroad. Many FSPs with internal compliance structures have fairly ...
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POPI is here: are you ready?

      Justin Keevy, Divisional Director Camargue Underwriting Managers (Pty) Ltd           Enacted on 26 November 2013, the Protection of Personal Information Act No. 4 of 2013 (POPIA or POPI) aims to bring South Africa in ...
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Asbestos exclusion upheld in US

      Patrick Bracher, Director Norton Rose Fulbright South Africa Inc.   An exclusion for claims ‘arising out of asbestos’ was upheld by a US appeal court because it is unambiguous and therefore enforceable. The appeal court overturned ...
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From The Glossary »

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Pay-As-Paid Clause:

A clause in a direct short-term insurance policy, other than a personal lines policy, that the direct insurer is not liable towards the insured for a claim until such a time as the reinsurance recovery on the claim has been received by the direct insurer.
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