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SAIA welcomes City of Johannesburg’s assembly of 40 new fire engines

The South African Insurance Association (SAIA) welcomes the recent announcement made by the City of Johannesburg confirming that an initial order to the value of R216 million for fire engines and other fire emergency vehicles has been placed with its respective supplier.   Viviene ...
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AGCS Africa CEO recognized for exceptional leadership

Johannesburg, August 8, 2019: Non-profit organization, the Broad Pool of Ideas (BPI) Foundation recognized Allianz Global Corporate & Specialty (AGCS) Africa CEO, Thusang Mahlangu, with the Future Leader Award on August 2, 2019, at their inaugural Iconic Leadership Excellence Awards held at Midrand ...
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WAR (INSURANCE) - WHAT IS IT GOOD FOR?

Political rivalries and conflicts are increasingly being played out on the high seas, increasing risks for ship owners and seafarers, as demonstrated by a number of hostile incidents involving vessels in one of the world’s most important shipping channels, the Strait of Hormuz and the Persian ...
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Keep an open mind and an ear to the ground

The Fourth Industrial Revolution (4IR) continues to shape our conversations and considerations around how we might need to adapt, or what skills will be needed to sustain the workplace of the future. The introduction of Financial Technology (Fintech) and Regulatory Technology (Regtech) change the game ...
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Introducing the future of insurance: Mobile, Chatbots and AI

The African continent and the mobile platform are a match made in heaven – both are escalating growth areas, ripe with potential. Digital adoption is slowly growing throughout Africa and this presents insurers with exciting new opportunities for business development. Smart phones not only offer ...
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Cancellation, Pro-rata:

A cancellation on which the earned premium is calculated in the exact proportion that the elapsed period of the policy bears to the policy term. For example an annual policy in force for six months would have a pro-rata earned premium of 50% of the earned premium.
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