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Press Archive »

SANDWICH PANELS: A Burning Issue - Understanding the Risk

Published: Thu, 17 Sep 20

Sandwich Panel related fires have resulted in major property damage and business interruption losses over the years. What are Sandwich Panels? Sandwich Panels or Composite Panels are structures made up of three layers: a low-density core and a thin metal or plastic skin-layer bonded to each side. Over ...
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LIBERTY MAKES BOLD DECLARATION IN NEW BRAND REFRESH

Published: Mon, 14 Sep 20

With a pay-off line 'In it with you' the insurer says the time to rely only on just its innovative heritage is gone. It’s time to evolve, to show up better, to connect more and truly be a life partner – especially in times when it feels like the world has turned upside down   September, ...
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1Life research: South Africa’s women are financially savvy with more women having life cover, and keeping it, than men!

Published: Wed, 19 Aug 20

This Women’s Month, 1Life’s research celebrates South Africa’s women by demonstrating that they are financially savvy and leading the way. The research shows that 12% more women have life cover than men. Similarly, women have also been more careful about keeping this cover in place during ...
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The long-term effects of COVID could affect South Africans for years to come

Published: Tue, 18 Aug 20

A report commissioned by Insurer Liberty suggests the long-term health effects of COVID-19 could mean drastic changes ahead for many South Africans. Meanwhile, the medical and financial services industries are going to have to adapt to cope with these effects. 18 August 2020 – The life expectancy of ...
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Transformation Collection During COVID-19

Published: Wed, 12 Aug 20

While COVID-19 has created havoc on society, this change can contribute to positive opportunities in the way we do business within an enterprise moving forward. Rapid Collect can assist SME's and Enterprises with their collection and payment solutions digitally. Our integrated web based systems will ...
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Liberty Drives Hope - and places the needs of ordinary South Africans at the core

Published: Fri, 31 Jul 20

It was a desperate cry for help on Facebook. When Karen Denny, Divisional Executive for Liberty’s Digital Marketing team, first read it, her heart sank. An elderly woman had anonymously poured her heart out, searching for help after she was sexually assaulted by a relative. The woman’s family and friends ...
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SAIA Successfully Holds Annual General Meeting (AGM) 2020

Published: Mon, 27 Jul 20

Johannesburg – At its first ever virtual Annual General Meeting (AGM) held on 23 July 2020, the South African Insurance Association (SAIA) successfully nominated a new SAIA Board of Directors composed of non-life insurance member companies, reinsurance companies and state-owned enterprise chief executives and ...
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POST-PANDEMIC PRODUCTION RELOCATION: AN OPPORTUNITY FOR CEE COUNTRIES?

Published: Mon, 27 Jul 20

Here are the main points addressed in this Coface study:   A favourable context Foreign trade and inclusion in supply chains had already increased for Central & Eastern Europe (CEE) in recent years, boosted by most of its countries’ decision to join the European Union (EU) in 2004. Strong ...
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Lloyd’s approves new specialised syndicate to insure transportation of COVID-19 vaccine to emerging economies

Published: Fri, 24 Jul 20

Lloyd’s, the world’s leading specialist insurance and reinsurance market, today announced the creation and in principle approval* of its newest “syndicate in a box,” Syndicate 1796, set up to insure the storage and transportation of a COVID-19 vaccine once developed to emerging economies. This ...
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Grant Maxwell to lead Alternative Risk Transfer line of business at AGCS

Published: Thu, 23 Jul 20

Grant Maxwell appointed as Global Head of Alternative Risk Transfer at AGCS reporting to Chief Underwriting Officer Corporate Tony Buckle Non-traditional risk transfer solutions increasingly important for multinational corporations Johannesburg/London/Munich/New York/Paris/Sao Paulo/Singapore – 23 July, ...
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GLOBAL TRANSPORT: WHAT DOES THE FUTURE HOLD BEYOND COVID-19?

Published: Tue, 21 Jul 20

Here are the main points addressed in this study (download it here)   Coface does not expect the sector to recover to fourth quarter 2019 level before 2022. In Coface’s central scenario, the turnover of listed companies of the global transport sector will be 32% lower in the 4th quarter ...
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SANLAM PAYS OUT OVER R4 BILLION IN CLAIMS IN 2019

Published: Mon, 20 Jul 20

South Africa, 20 July 2020: In 2019, Sanlam paid out over 99% of death claims. The leading insurer predicts a rise in claims for death, funeral, sickness and income protection in 2020, due to the coronavirus pandemic. Petrie Marx, Product Actuary at Sanlam Individual Life, says that this year is a testament ...
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United States: Two-speed business bankruptcies

Published: Thu, 16 Jul 20

United States: Two-speed business bankruptcies   As the COVID-19 epidemic hits the United States very hard, Coface forecasts in its baseline scenario that the country's GDP will contract by 5. 6% in 2020, before rebounding by 3. Nevertheless, this forecast is threatened by the resurgence of the outbreak ...
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Allianz: Gulf of Guinea sees piracy activity soar, West African Coast is third hotspot for shipping losses

Published: Wed, 15 Jul 20

Safety & Shipping Review 2020: 41 large ships lost worldwide in 2019, down by more than 20% year-on-year and almost 70% over a decade. Consequences of coronavirus and a sustained economic downturn could threaten long-term safety improvement and trigger an uptick in losses from cost-cutting measures, fatigued crew, ...
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POPI BREACH COULD MEAN FINES OF UP TO R10 MILLION AND A 10-YEAR JAIL SENTENCE

Published: Thu, 09 Jul 20

Where to start for SA businesses?   09 July 2020: Parts of the long-awaited Protection of Personal Information Act 4 of 2013 came into force on 1 July 2020, and companies will have a period of one year to get their ducks in a row or risk substantial fines and even imprisonment. The Act seeks to ...
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POPI ACT IS NOW IN FORCE

Published: Tue, 07 Jul 20

FIVE STEPS TO ENSURE POPI COMPLIANCE FOR DIRECT MARKETING   07 July 2020: The Protection of Personal Information Act 4 of 2013 (POPI) has now come into effect and it is important that South Africa businesses adhere to the new regulations. The use of personal information is everywhere and it’s almost ...
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POPI ACT - IMPLICATIONS FOR VARIOUS BUSINESS AREAS

Published: Thu, 02 Jul 20

02 July 2020: The long-awaited Protection of Personal Information Act 4 of 2013 comes into force on Wednesday 1 July 2020, and companies will have a period of one year to get their ducks in a row or risk substantial fines and even imprisonment. From employee data, to direct marketing, e-commerce and the ...
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Lloyd’s presents solutions for global industry and government partnerships

Published: Wed, 01 Jul 20

Lloyd’s presents solutions for global industry and government partnerships to fast-track societal and economic COVID-19 recovery Open-source frameworks provide blueprint for better protecting society against systemic catastrophic events   01 July 2020, Johannesburg - Lloyd’s, the world’s ...
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Insurance Gateway Launches Virtual Offices

Published: Fri, 26 Jun 20

Insurance Gateway developed a new way of connecting brokers to their clients. This new platform will launch 1 July 2020 and I would like to invite you to have a look. To view our offices please click the link below. Features include online appointments, instant video meetings, document management, AI, CRM and even ...
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Norton Rose Fulbright’s Insurance Comic Book

Published: Fri, 19 Jun 20

It is never fun having to reject a claim but we have found a fun way to learn how to do it fairly. As the brainchild of who else but Donald Dinnie, director at global law firm Norton Rose Fulbright, for the next part of the popular Big Read Book Series, the team has produced a unique Comic Book Edition of ...
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