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Press Room (Page 2)

Press Archive »

COFFEE, A NEW WORK FROM HOME OFFERING IS LAUNCHED

Published: Mon, 12 Oct 20

Six-months ago, at the start of lockdown, the majority of South Africans set up their workstations in their own homes in an effort to stop the spread of COVID-19. With the introduction of Lockdown Level 1, more of the workforce can now return to their respective offices, but will they?   “Remote working ...
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THE IMPAIRMENT PROBLEM

Published: Wed, 07 Oct 20

What can happen when sprinklers meet human error?   The Liberty Mutual study documented fires in industrial occupancies where sprinklers were present and should have operated, or perhaps even did operate, but were shut off either before the fire event or prematurely during the fire. These actions, known ...
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The Short-term Insurance Ombudsman (OSTI) - Briefcase 3rd Edition

Published: Wed, 07 Oct 20

The Ombudsman for Short-term Insurance (OSTI) has released its quarterly Briefcase (attached). It contains news from the editor, case studies, consumer tips and general information on what the Ombudsman has done during the past three months. In this edition, the Briefcase tackles claims around stolen luggage, ...
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Review your will to account for COVID-19, advises JustMoney

Published: Mon, 05 Oct 20

The COVID-19 pandemic is a timely reminder of the importance of ensuring your personal finances are in order – and a key component of this is an up-to-date will. This legal document, that should take into account the current value of your assets, with instructions on how you wish to allocate them, is particularly ...
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COVID-19 contributing to increase in consumers who take up insurance via digital platforms

Published: Mon, 28 Sep 20

28 September 2020 – COVID-19 may be contributing to the growing number of consumers who are using digital channels to take up or maintain their life insurance. This is according to FNB Life, which reported a 22% year-on-year increase in customers who take up or maintain their life insurance via FNB’s digital ...
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Time to open up the market

Published: Mon, 28 Sep 20

Over the last two years the South African Motor Body Repairers’ Association (SAMBRA), has been lobbying hard to remove restrictive Insurer Supplier Panels and OEM approval programmes, which effectively preclude consumers exercising their right of choice and damages small business’ who have spent years ...
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Allianz Global Corporate & Specialty announces new leadership roles for Mediterranean & Africa

Published: Fri, 25 Sep 20

Marilyn Faugas, currently Head of Market Management for AGCS France is appointed Regional Head of Distribution for AGCS Mediterranean & Africa Region. The current Head of Underwriting Property for AGCS France, Jean-Baptiste Regnier, is promoted to Regional Head of Property, AGCS Mediterranean & Africa Region ...
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Allianz Global Wealth Report 2020: Wealth Immunity

Published: Wed, 23 Sep 20

A bumper year: In 2019, gross financial assets jumped by 9. 7% and reached EUR 192 trillion Crisis? What crisis?: Global financial assets increased by 1. 5% in the first six months of 2020, driven by fast-rising bank deposits Trend reversal: The wealth gap between rich and poor countries has widened again South ...
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AUTO & GENERAL INSURANCE PUTS ITS MONEY WHERE ITS MOUTH IS

Published: Tue, 22 Sep 20

In these uncertain and unpredictable times, service reliability is crucial. But, how many companies actually practice what they preach, are accountable for their actions, stick to their promises and put their money where their mouths are? Now is the time to make firm commitments, and stick to them. ...
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FNB announces TaxTim as a new eBucks Rewards partner

Published: Tue, 22 Sep 20

FNB has announced a new partnership with online tax solution firm TaxTim, the latest partner to join its eBucks Rewards programme. FNB and RMB Private Bank customers can now earn up to 50% of the cost of their tax return submission fee back in eBucks when paying for the service using their qualifying FNB/RMB Private ...
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Allianz and Euler Hermes strengthen Africa team

Published: Wed, 16 Sep 20

Johannesburg – September 16, 2020 – Allianz Global Corporate & Specialty (AGCS) appointed Asheen Maikoo and Piet Schutte as Senior Risk Engineers on September 1, 2020, to continue to provide world-class risk consulting services to help businesses in Africa manage, prevent, and ...
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Allianz: Companies face five liability loss trends in the face of the coronavirus pandemic

Published: Wed, 09 Sep 20

Johannesburg/London/Munich/New York/Paris/Sao Paulo/Singapore – September 09, 2020 – Liability exposures for companies around the world are increasing. Factors such as rising litigation, collective redress and large court verdicts, costly and frequent recalls in the automotive and food sectors, the disruptive ...
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HOW THE NEW POPI ACT AFFECTS INTERMEDIARIES

Published: Fri, 04 Sep 20

Cyber-attacks are on the rise during lockdown, increasing from the norm of 30 000 daily to 310 000 recorded on the 18 March as criminals exploit the unsecured home networks used by millions of office workers who are now operating remotely. The Protection of Personal Information (POPI) Act aims to mitigate ...
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Indwe embraces drone technology to help improve risk management and optimise insurance

Published: Wed, 02 Sep 20

Using unmanned aerial vehicles (UAVs), or drones as they are more commonly known in insurance, is gaining momentum. Globally, 17% of commercial drones in operation are used to assist insurers and large organisations in not only better assessing risk exposure but also improving both risk control evaluation and operational ...
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Businesses need to restart facilities with care and caution as lockdown eases to reduce risk of damages

Published: Mon, 31 Aug 20

Allianz Global Corporate & Specialty recommends site security inspections and dedicated loss prevention measures to ensure a successful and safe reopening after lockdown. Fires, machinery breakdowns and faulty workmanship/maintenance among the most expensive causes of insurance claims. Condition of electrical ...
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Indwe adopts drone technology to take risk management to new heights

Published: Wed, 26 Aug 20

Financial services company, Indwe Risk Services (Indwe), has adopted risk management technology – and more specifically drone technology – to propel its propensity to identify and understand risk. RiskTech®, the latest risk management offering from Indwe, harnesses the power of advanced technology ...
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OSTI DONATES TO DOOR OF HOPE

Published: Fri, 14 Aug 20

Johannesburg, 13 August 2020: With COVID-19 continuing to have devastating effects on both the local and global economy, and financial pressures mounting on more families, paired with rising unemployment, there has been a rising number in babies being abandoned or given up for adoption. In response to this ...
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Covid-19 shines spotlight on gaping holes in personal risk planning and responding insurance solutions

Published: Tue, 11 Aug 20

The Covid-19 pandemic has pulled a critical thread, unravelling the fibre of every economic and social structure, across countries, continents and communities. In the wake of soaring infections, hospitalisations and global lockdowns, this black swan event has painfully revealed how vulnerable we are to an unprecedented, ...
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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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Having a say in our future, digitisation in insurance

Published: Thu, 30 Jul 20

The present is the only space in time we can influence, said Professor of Futures Studies Andre Roux at the fourth iteration of the InsureTalk Webinar series. And influenced we have been.   "The pandemic has affected us all, forcing a new way of interaction," said Craig Olivier, Chief ...
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From The Glossary »

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Quick ratio:

Indicator of a company's financial strength (or weakness). Calculated by taking current assets less inventories, divided by current liabilities. This ratio provides information regarding the firm's liquidity and ability to meet its obligations. Also called the Acid test ratio.
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