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Allianz appoints Africa Head of Property, Energy and Construction

Robert Ter Morshuizen has been appointed Head of Property, Energy and Construction effective from April 1, 2020 reporting to Allianz Global Corporate & Specialty (AGCS) Africa CEO Thusang Mahlangu, Global Head of Engineering and Construction at AGCS Chris van Gend and AGCS Global Head of Property ...
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Covid-19 and insurance claims

If you haven’t already dusted off the business interruption, liability and event cancellation policies you have underwritten, or placed for an insured, and checked for coronavirus coverage, now is the time to do so. Exposure and benefits of both business interruption coverage (covering ...
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Cyber risk during COVID-19 outbreak

A common response by businesses to the spread of COVID-19 has been to implement measures that require social distancing and remote working. To ensure business continuity, some of these measures rely on the availability of technology like VPN access, as well as the use of online platforms to hold team ...
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Cyber Risk Implications of the Coronavirus Outbreak

The outbreak of COVID-19 has caused significant disruption to businesses and a degree of panic within the employee community. Companies across the globe are activating contingency and business continuity plans and are allowing employees to work from home to limit the spread of the virus. In a new reality ...
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The importance of business continuity during the coronavirus shutdown

Johannesburg, 17 March 20: Following Sunday evening’s far-reaching presidential address, the reality of dealing with COVID-19 has finally hit home to South Africans. With the country going into a shutdown as travel bans are imposed, schools closed and large gatherings prohibited, businesses across ...
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From The Glossary »

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Automatic Premium Loan (APL):

A procedure whereby a life company, if previously requested to do so, will make automatic loans against the cash value of a policy in order to pay premiums that have not otherwise been paid by the end of the grace period.
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