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Press Room (Page 2)

Press Archive »

Satrix scoops 10 SALTA awards including South Africa's favourite ETF

Published: Thu, 25 Mar 21

Satrix’s Top 40 ETF was yesterday named South Africa's favourite exchange-traded fund (ETF) for the fourth consecutive year at the 2021 South African Listed Tracker Funds Awards (SALTA). The index investment industry leader scooped 10 SALTA awards, with the wins coming just two weeks after Satrix was named ...
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Hollard Group’s life insurance pay-outs soar to historic highs during Covid-19 pandemic

Published: Thu, 25 Mar 21

The Hollard Insurance Group, South Africa’s largest privately owned insurance group, today reported that it has paid out the highest death benefit claims in its 41-year history in the period since March 2020. 6 billion in death benefit claims were made between April 2020 and January 2021, significantly higher ...
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Scenario planning for future disruptions

Published: Wed, 17 Mar 21

The Covid-19 global pandemic highlights the importance of business continuity planning for current and future operational disruptions. Good continuity management learnings – robust planning and honest supply chain de-risk assessments – help businesses better adapt when the next event arrives. Covid-19 ...
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SOCIAL INFLATION

Published: Wed, 17 Mar 21

Social inflation is challenging the liability environment for companies and impacting potential claims payments for insurers, driven by a wide variety of factors such as anti-corporate sentiment, the rise of the litigation funding industry and even the growing use of jury psychologists. And it is no longer just a ...
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THERE’S A STORM COMING: CLIMATE CHANGE

Published: Wed, 17 Mar 21

Businesses are entering a period of huge policy and regulatory change as the world steps up its efforts to combat global warming. Actions to address climate change pose significant operational and compliance challenges for companies and those that over promise or lag behind are facing increasing scrutiny. As ...
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ESG MOVES INTO THE MAINSTREAM (AND THE BOARDROOM)

Published: Wed, 17 Mar 21

The journey from a voluntary regime for companies around environmental, social and governance (ESG) topics to a more regulated and compulsory one involving transparency, disclosure and reporting is well underway. Although there are currently no global, standardized ESG reporting benchmark requirements, “hard” ...
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New CEO to breathe life into financial sector transformation

Published: Tue, 09 Mar 21

Breathing new life into the Financial Sector Transformation Council (FSTC*) is a top priority for Pumla Ncapayi, who was recently appointed as CEO of the body tasked with overseeing transformation in the financial sector. The FSTC exists to play a key role in driving the financial sector’s transformation agenda ...
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SAIA welcomes Competition Commission guidelines on automotive aftermarket

Published: Tue, 09 Mar 21

The South African Insurance Association (SAIA), as a representative body for the non-life insurance industry, supports the objectives of the Competition Commission Guidelines as they relate to the non-life insurance industry and the adoption of proactive measures that promote competition and transformation in the ...
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Life insurers pay more than half a trillion Rand to policyholders and beneficiaries in 2020

Published: Mon, 08 Mar 21

Policyholders and beneficiaries received claims and benefit payments worth R522. 7 billion from South African life insurers in 2020. According to the long-term insurance statistics released today by the Association for Savings and Investment South Africa (ASISA) this represents an increase of R31. 7 billion from the ...
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To insure or self-insure? A conundrum for fleet operators

Published: Thu, 04 Mar 21

Johannesburg, 4 March21: Fleet insurance is essential for businesses with vehicle fleets and drivers. With proper management and meticulousness, fleet managers can reduce insurance costs, improve the safety of employees and benefit from as much insurance cover as is required. But with escalating insurance costs, many ...
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Allianz Global Corporate & Specialty Partners with Google Cloud and Munich Re to Provide Cyber Risk Management Solution for Cloud Customers

Published: Thu, 04 Mar 21

Johannesburg/London/Munich/New York/Paris/Sao Paulo/Singapore - March 2, 2021 – Allianz Global Corporate & Specialty (AGCS), the corporate insurer of Allianz SE, and Munich Re have jointly developed a new commercial cyber risk insurance solution called “Cloud Protection +. ” This collaboration ...
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Michael Furtschegger to lead Entertainment line of business at AGCS globally

Published: Thu, 25 Feb 21

Furtschegger was previously responsible for the international expansion of Entertainment, which is an AGCS line of business since 2015 Entertainment was hit significantly by Covid-19-driven claims in 2020, but is expected to develop into a successful and sustainable book of business for AGCS Johannesburg/London/Munich/New ...
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AGCS 12 months results update

Published: Fri, 19 Feb 21

In an extremely challenging environment in 2020, Allianz demonstrated resilience to an unprecedented health crisis and prolonged interest rates. The financial performance in the fiscal year 2020 has been remarkably robust across all business segments, though the Covid-19 pandemic left its mark, especially in the Property-Casualty ...
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Allianz delivers a strong finish to 2020

Published: Fri, 19 Feb 21

In the face of an extremely challenging environment in 2020, Allianz demonstrated resilience to an unprecedented health crisis and prolonged low interest rates. The financial performance in the fiscal year 2020 has been remarkably robust across all business segments, though the COVID-19 pandemic left its mark ...
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How you can benefit from the Skills Development Levy

Published: Tue, 16 Feb 21

Do you, as an employer, understand why you are paying a Skills Development Levy (SDL)? Do you know that this gives you access to funds for training? Many business owners just see it as a compulsory payment of 1% from their monthly payroll, and that’s it. “Many employers don’t realise that ...
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Insurer Liberty adapts its education benefits to the realities of the pandemic

Published: Fri, 05 Feb 21

The COVID-19 pandemic has for now, not only changed the way the traditional schooling system functions but the cost of education as well. With home-schooling becoming the norm, more parents are opting to pull their children out of traditional schooling and choosing full-time home-schooling rather, a trend ...
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Allianz Risk Barometer 2021: Covid-19 trio tops South Africa and global business risks

Published: Tue, 19 Jan 21

10th Allianz survey: Business interruption, Pandemic outbreak and Cyber incidents are the top three business risks for 2021 – all strongly interlinked. Cyber incidents, Business interruption and Pandemic outlook are the top three business risks in South Africa. Pandemic outbreak rockets to #2 from ...
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Introducing our new eNews App

Published: Wed, 13 Jan 21

Insurance Gateway is thrilled to introduce our brand new electronic newspaper. The final product is available as both a mobile and desktop application. Our aim with the app was to develop an electronic newspaper that would dynamically reflect and complement our more extensive Insurance Gateway website. The pages are ...
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Rule 19 – how it affects advisers and the industry, and are there tools to support advisers in complying?

Published: Mon, 11 Jan 21

In September 2019, Rule 19 of the Policyholder Protection Rules underwent critical changes impacting insurers and financial advisors. The changes in relation to the termination of long-term policies brought about the inclusion of the Replace Advice Record (RAR), which applied when policyholders were replacing specific ...
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1Life recognised as the top direct life insurer for the 10th year running

Published: Tue, 15 Dec 20

1Life Insurance has maintained its position as South Africa’s leading direct life insurer, with the largest market share, for the tenth consecutive year, within the long-term insurance industry. This is according to the annual Swiss Re Individual Risk Market New Business Volume survey. “There ...
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Short-tail Insurance:

Insurance under which claims are typically settled within one year of the occurrence of the events giving rise to the claims.
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