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Press Archive »

Allianz Africa COO appointed President of the AIO

Published: Thu, 13 Jun 19

Johannesburg, June 12, 2019 – Allianz Africa announced the appointment of Allianz Africa Chief Operations Officer (COO), Delphine Traoré, as President of the African Insurance Organization (AIO) effective June 12, 2019. Delphine served as Vice President of the organization from 2018 and takes over from ...
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Allianz partners with the AIO at their 46th annual conference

Published: Tue, 11 Jun 19

Over a 1000 delegates from over 60 countries will be present at one of the largest insurance gatherings The theme of the conference is Insurance penetration in Africa: “Insuring the uninsured”. Allianz to continue increasing insurance coverage for individuals and businesses in Africa ...
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AGCS Offers Response Services in Environmental Emergencies for Policyholders

Published: Thu, 06 Jun 19

AGCS partners with GM Consultant and HETI to provide an effective response to pollution and contamination incidents Global vendor network provides seamless response, including 24/7 crisis hotline and intervention in 30 countries across Europe, Asia and North/South America Crisis management services are becoming ...
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Allianz: Shipping losses lowest this century, but incident numbers remain high

Published: Thu, 06 Jun 19

Safety and Shipping Review 2019: 46 large ships lost worldwide in 2018, down by a record 50% annually and 55% below the 10-year average of 104. Total losses significantly fell in accident hotspots such as South East Asia. Machinery damage is the major cause, responsible for US $1bn worth of marine insurance industry ...
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Associated Compliance Newsletter 070 - May 2019

Published: Thu, 06 Jun 19

May 2019 - Associated Compliance Newsletter From AC CPD June 2019 to May 2020 Just when you thought it was safe to take your foot of the CPD pedal, and for some that pedal was flat to the floor during May, you are already in. From AC HAS The legalisation of cannabis for private use has ...
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Fast-changing Arctic and North Atlantic conditions bring route risks

Published: Mon, 03 Sep 18

Climate change is impacting ice hazards for shipping, freeing up new trade routes in some areas, while increasing the risk of ice in others. More information on the Safety and Shipping Review 2018.   There was another milestone for Arctic shipping in early 2018 when a specially-designed LNG tanker became ...
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Damage arising from marijuana operations not covered by policy (US)

Published: Mon, 03 Sep 18

  Sandra Sithole, Director Norton Rose Fulbright South Africa Inc.     A US appeals court in August 2018 found that an insurer does not have to indemnify its insured for damage to a warehouse by tenants who converted it into a marijuana growing operation, finding that an exclusion ...
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Associated Compliance Newsletter 068 – August 2018

Published: Fri, 31 Aug 18

The August 2018 Associated Compliance Newsletter has been published in the Insurance Gateway® Knowledge Base. The compliance landscape has become increasingly time consuming and complex to navigate. It will therefore be well worth your time to read the latest edition of the Associated Compliance newsletter, which ...
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SAIA Consumer Education initiative recognised as ‘best practice’

Published: Fri, 31 Aug 18

Johannesburg: In its latest infographic on “The importance of financial education in promoting financial inclusion”, the Belgium based Global Federation of Insurance Associations (GFIA) commended the South African Insurance Association (SAIA)’s long-standing consumer education programme, as the “best ...
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Importance of RE Qualifying Criteria

Published: Fri, 31 Aug 18

In response to a recent enquiry from a candidate, it is important to highlight the absolute necessity to ensure that you take into account the qualifying criteria when preparing for the regulatory exams. Firstly, we want to emphasise that studying the Preparation Guide is in fact the very first step a candidate should ...
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Financial Services Industry – no need to overcomplicate things

Published: Fri, 31 Aug 18

The Financial Advisory and Intermediary Services (FAIS) Act, the General Code of Conduct, the Financial Intelligence Centre Act (FICA), Treating Customers Fairly (TCF), the Protection of Personal Information Act (POPI), the Retail Distribution Review (RDR) and Fit and Proper requirements are just some of the standards ...
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Your complete guide to the South African non-life insurance sector

Published: Thu, 30 Aug 18

Johannesburg: ‘Everything you need to know about non-life insurance in South Africa’, a 420 page overview of the South African non-life (short-term) insurance industry was launched at the Insurance Conference 2018 held at Sun City from 29-31 July 2018. The annual insurance event was attended by more than ...
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Black Business Growth Funding a win-win for financial sector black empowerment

Published: Thu, 30 Aug 18

The financial sector has four months left in which to shore up ownership and empowerment financing scores for 2018 against the targets of the Amended Financial Sector Code (FSC) by making use of the new alternative option of channelling funding to black owned enterprises in line with the FSC’s Black Business ...
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The lifecycle of a project risk

Published: Thu, 30 Aug 18

      Dr. David Hillson, The Risk Doctor Partnership           As we manage individual project risks, they pass through a lifecycle which can be described using a set of status values. These can help us to understand where each risk is in its lifecycle, so that ...
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The practice of “Defensive Medicine” grows alongside the rise of medical malpractice claims

Published: Wed, 29 Aug 18

        Aneesa Bodiat, Head of Legal  Natmed Medical Defence (Pty) Ltd           The number of medical malpractice claims in South Africa is rising at an alarming rate, and along with this trend is the potential increase in the practice of defensive ...
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Insurers and loss adjusters to take care when investigating claims

Published: Tue, 28 Aug 18

By Jay Page, senior associate, Bowmans If it is not already high on the agenda, becoming familiar with the requirements of the Protection of Personal Information Act (POPI Act) should be a priority. In the UK last year, a firm of loss adjusters was found guilty of unlawfully disclosing personal data illegally obtained ...
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Competition Commission proposes tough measures on motor insurers

Published: Tue, 28 Aug 18

By Mark Griffiths Norton Rose Fulbright South Africa Inc. On 1 August 2018, the Competition Commission called for final comments on its far-reaching Code of Conduct for Competition in the Automotive Industry. This consultation is the last opportunity for stakeholders to comment before they decide whether or not to ...
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Suffer a data breach and lose up to one third of your customers

Published: Tue, 28 Aug 18

    Anton Jacobsz, managing director Networks Unlimited Africa       JOHANNESBURG: Astonishing findings from RSA’s recent survey in the UK showed that 28 percent of customers have elected to boycott companies that have been shown to mishandle personal data. RSA is a global ...
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Leaking of attorneys admission examinations papers

Published: Mon, 27 Aug 18

By Ettienne Barnard – LSSA Co-Chairperson and Ashwin Trikamjee - Convener LSSA Examinations Committee The Law Society of South Africa (LSSA) and the Examination committee, today decided that based on the leaks of the attorneys admission examinations, all four (4) papers should be rewritten in October 2018, ...
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South African start-up, Pineapple Insurance, accepted into Google accelerator

Published: Mon, 27 Aug 18

Pineapple, South Africa’s first peer-to-peer insurance company, today announced that it has been accepted into Google’s Launchpad accelerator. There have been eight batches of start-ups accepted into the accelerator over the past three years. This includes start-ups from tech hubs such as Singapore, ...
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Preferred Life:

Life insurance issued only in large policies, and sometimes to specially selected risks, at premiums lower than those for the company’s regular insured.
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