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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, ...
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Is the Covid-19 e-commerce boom here to stay?

Published: Tue, 28 Jul 20

The Covid-19 pandemic has accelerated the adoption of e-commerce in a way no company could have imagined. In fact, in many instances, it has brought 3-5-year sales projections forward in just a matter of months. “Many businesses are already living in the future,” said Gerrit Smit, Partner - Head of Equity ...
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Art as a store of value in times of crisis

Published: Mon, 27 Jul 20

During times of crisis, the appeal of collectible assets like art can intensify. Nervous of the present risks in investment markets, investors will look to include assets with a more consistent store of value in their portfolios.   Historically, average valuations across the art market have tended ...
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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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FINANCIAL LESSONS 2020 HAS TAUGHT US

Published: Mon, 20 Jul 20

While most of us would choose to fast forward to 2021, this year has taught us many hard lessons, including financial ones. Jaco Prinsloo, Certified Financial Planner at Alexander Forbes, reflects on some of the learnings we should all take with us. Lesson 1: Debt can be scary There are few things scarier ...
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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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Minister urges South Africans to build their houses on rock

Published: Wed, 01 Jul 20

Why this has a profound meaning for your retirement investments   In his recent budget speech, Finance Minister Tito Mboweni warned South Africans that “the storm is not over”. Although lockdown restrictions are easing, the unprecedented emergency budget speech drove home the sobering impact ...
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EMERGENCY BUDGET SIGNALS THAT NOW IS THE TIME TO RECESSION PROOF YOUR FINANCIAL GOALS

Published: Wed, 01 Jul 20

Despite a gloomy emergency budget, investors urged to control what they can by taking practical steps to protect their finances during an economic downturn. 1 July 2020: Last week, Finance Minister Tito Mboweni painted a bleak picture, indicating that South Africans will be facing a deep recession. Despite this, ...
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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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SAIA Appoints Ms Pamela Ramagaga as General Manager: Insurance Risks

Published: Wed, 17 Jun 20

It is with great pleasure to announce to you that the South African Insurance Association (SAIA) has appointed Ms Pamela Ramagaga to the position of General Manager: Insurance Risks effective 1 June 2020. Ms Ramagaga has successfully held the position of Acting General Manager: Insurance Risks from January 2020 ...
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From The Glossary »

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Treaty Schedule:

A document attached to and forming part of a standard form (i. e. pre-printed) reinsurance treaty listing all variable factors such as commissions, rates of premium, commencement and termination dates, reinsurer’s proportion etc.
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