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Allianz Risk Barometer 2020: Cyber top peril for companies in South Africa

9th annual survey on top business risks attracts record participation of 2,700+ experts from over 100 countries Cyber incidents have become more damaging and expensive for companies – and often result in lawsuits and litigation after the event Business interruption ranks second, but remains ...
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Failure to warn of risks of surgery does not give rise to automatic claim for damages

A UK court of appeal dismissed a claim for damages which arose as a result of a surgeon's failure to warn a patient of the risks associated with undergoing a procedure to repair an abdominal hernia on the basis that the claimant would, nevertheless, have chosen to undergo the procedure. The claimant ...
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Nico Esterhuizen bows out of SAIA after almost ten years

The South African Insurance Association (SAIA) would like to announce the resignation of its General Manager: Insurance Risks, Mr Nico Esterhuizen who will be leaving the association at the end of December 2019. After more than 9 years at SAIA, Mr Esterhuizen has decided to pursue other interests ...
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2020 D&O MARKET WATCH

The range of exposures facing directors and officers (D&Os) – as well as subsequent claims scenarios – have increased significantly in recent years in the midst of a prolonged soft market. With corporate management increasingly under the spotlight, how will the 2020 D&O insurance ...
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Allianz: 5 risk trends company directors and officers need to watch in 2020

“Bad news” events, impact of climate change, bankruptcies and political challenges have increasing risk implications for directors and officers (D&Os) Growth of securities class actions and third party funding globally means litigation against companies and their D&Os is on the ...
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Excess insurance:

Cover above the primary amount of insurance given by a short-term company. See excess layer.
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