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Press Room (Page 4)

Press Archive »

COVID-19 and Business Interruption Insurance

Published: Fri, 15 May 20

Johannesburg - The COVID-19 pandemic and the resultant lockdown has created unprecedented socio-economic challenges in the lives of South Africans. The South African Insurance Association (SAIA) supports the actions taken by the State President, Mr Cyril Ramaphosa, and the South African government, to limit the spread ...
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Easy maintenance tips to take you through lockdown in Autumn

Published: Thu, 14 May 20

With the last warmth of Autumn upon us, it’s a good time to prepare your home for the colder months ahead. Lockdown means many of us have much more time at home than we are used to. Why not use the opportunity to get ahead of some much-needed maintenance before Winter sets in? Here are some tips. Burn bright It’s ...
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Is it time to reassess your cover?

Published: Mon, 11 May 20

Insurance cover is not a one-size-fits-all approach. Rather, your coverage is likely to comprise a personalised range of products and levels of cover. This approach can be confusing for the average consumer, but there is a very good reason to applaud this build-your-own coverage: flexibility. Like pieces ...
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The ABC of cyber safety

Published: Mon, 11 May 20

Bertus Visser, Chief Executive of Distribution at PSG Insure   As the lock down continues, more businesses will be doing all they can to keep operating online. Cybercriminals have been quick to exploit any opportunities and vulnerabilities they can find, highlighting the importance of cyber security and ...
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Fire Risks Amplified for Landlords

Published: Tue, 05 May 20

Amid Covid-19 business closures and SA’s economic nosedive   Fire is one of the major causes of insured losses in South Africa, and its impact is likely to amplify and accelerate as landlords face the aftermath of the Covid-19 lockdown and South Africa’s precarious and constrained economy. It ...
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2020 - Short-term insurers lose sight of customer experience as race to digital transformation intensifies

Published: Tue, 05 May 20

Consulta releases latest 2019 South African Customer Satisfaction Index for Short-Term Insurance   There is a fallacy across many businesses that digital transformation and customer experience and satisfaction are interchangeable. Technology will change and evolve, but the fundamentals of being relevant ...
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Covid-19: TERS - 5 important updates

Published: Mon, 04 May 20

by Joon Chong, Dhevarsha Ramjettan, Johan Olivier, Shane Johnson, Bianca Viljoen, Zipho Tile   Since the launch of TERS, there has been (almost) daily changes introduced by the Unemployment Insurance Fund. Following those amendments, the Minister of Employment & Labour ...
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1Life Insurance offers free tuition for school children through Boston City Campus Connect and Ivy Digital

Published: Tue, 28 Apr 20

1Life Insurance has reaffirmed the company’s long-standing commitment to educating South Africans by launching a new partnership with Boston City Campus Connect and Ivy Digital, that will provide children of 1Life newsletter subscribers with free tuition from Grades 8 – 12. “In 2013 we ...
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The non-legal guide to surviving the Coronavirus

Published: Fri, 24 Apr 20

Soon after the WHO declared COVID-19 a pandemic, and the declaration of the National Disaster, there was an outbreak of legal and other publications, some more helpful than others, dealing with COVID-19, the law, the end of the world, and surviving the Coronavirus. You could seek guidance from a letter supposedly ...
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Locked down, but not out

Published: Mon, 20 Apr 20

Bertus Visser, Chief Executive of Distribution at PSG Insure   It’s lockdown and suddenly your front gate is completely stuck and won’t unlock. No matter how much you manoeuvre the key or how much oil you spray on to the lock mechanism, it just won’t budge! If it’s your only way ...
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Western National Insurance provides Covid-19 relief to clients

Published: Fri, 17 Apr 20

These are extraordinary times that require us all to work together. We are in unchartered territory and face a great deal of uncertainty as to the way forward, and no doubt we’ll continue to encounter many challenges. “At Western National Insurance, we believe that the challenges ahead can be overcome ...
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Coronavirus: Temporary care & maintenance status in the mining industry – loss control measures

Published: Tue, 14 Apr 20

Like many industries, the pandemic has forced mining companies to take extraordinary precautions to reduce the spread of the virus while protecting the health and safety of employees. Many companies have implemented Care and Maintenance (C&M) procedures to temporarily discontinue operations, as maintaining them ...
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Coronavirus: Loss prevention measures for cargo storage and transportation

Published: Thu, 09 Apr 20

The pandemic has brought about sudden changes for cargo transportation, impacting shippers and transport companies around the world and potentially increasing the risk environment, particularly for high-value and temperature-sensitive goods. In a new risk bulletin, Allianz Global Corporate & Specialty’s ...
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Coronavirus: Safeguarding Of Construction Sites During A Cessation Of Works

Published: Thu, 09 Apr 20

Many construction sites face the prospect of having to temporarily shut down as the coronavirus outbreak brings a halt to operations. In a new risk bulletin, Allianz Global Corporate & Specialty’s risk consulting experts provide an overview of some relevant loss prevention measures in such a scenario. Work ...
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The Pandemic, Physical Damage, Business Interruption Losses and Reinsurance

Published: Tue, 07 Apr 20

The Pandemic, Physical Damage, Business Interruption Losses and Reinsurance How is your 2000 piece jigsaw puzzle progressing?   Coronavirus and physical damage You may have seen reference to the recent Ontario Superior Court of Justice decision in MDS Inc v Factory Mutual Insurance Company ...
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Savvy ways to save on insurance and utility costs by managing your risks better

Published: Tue, 07 Apr 20

With the economy taking a hammering and sharp price increases on everything from petrol, food and basic commodities like water and electricity, there is no more crucial time to take the bull by the horns and save on costs by working smarter with your money and reducing unnecessary risks. One area where consumers can ...
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From The Glossary »

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Structured Funds:

Structured funds are a type of multiple-manager fund. Again the principle of unitisation is applicable with structured funds, where the structured fund management company is free to invest in any proportion of any investment type within the limits of the fund`s mandate. The structured fund consists of underlying investment portfolios which are managed by different asset managers. The structured fund manager then manages the aggregate portfolio which ...
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