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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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Asia Corporate Payment Survey 2020: COVID-19 will overturn last year’s incipient recovery

Published: Tue, 07 Jul 20

After a 2019 that was dominated by trade tensions between the United States and China, Coface has observed an incipent recovery in Asia (excluding China), supported by supply chain shifts and additional liquidity from the US Federal Reserve. Average payment terms improved in 2019, rising to 67 days compared to 69 ...
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Coface finalises the acquisition of GIEK Kredittforsikring AS

Published: Tue, 07 Jul 20

Coface announces the closing of the acquisition of GIEK Kredittforsikring AS, a company created in 2001, and owned by the Norwegian Ministry of Trade, Industry and Fisheries, that manages a short-term export credit insurance portfolio. Coface has acquired all GIEK Kredittforsikring AS shares, and the business will ...
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Are corporate balance sheets in Spain and Italy ready for the COVID-19 shock?

Published: Tue, 07 Jul 20

Although the second quarter of 2020 is shaping up to be the most challenging period of the year, there are now good reasons to think that the road to recovery will be long and arduous. Despite immediate tax deferrals, liquidity guarantees, it is likely that many firms will find themselves in difficulty. According ...
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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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InsureTech supports consumers on their financial wellness journey

Published: Wed, 01 Jul 20

InsureTech (the ability to address your Insurance needs interactively and seamlessly) supports consumers on their financial wellness journey    Iemas Insurance Brokers is at the forefront of affordable and trusted digital solutions. Managing Director, Piet Wolmarans and Operations & Compliance ...
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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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Allianz Global Corporate & Specialty SE embarks on global transformation program

Published: Wed, 01 Jul 20

“New AGCS”: CEO Joachim Mueller aims to regain market leadership and rebuild profitability through a comprehensive transformation program Technical excellence in underwriting and claims is a key pillar plus a simplified regional set-up as well as leaner processes and reduced complexity to drive cost ...
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CTU renews partnership with Genasys Technologies

Published: Wed, 01 Jul 20

Specialist underwriting manager for the commuter-vehicle industry, Clarendon Transport Underwriting Managers (CTU), has renewed its partnership with global insurance technology provider Genasys Technologies. CTU has managed and operated its broker channel, insurance policy and claims administration on the Genasys ...
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Lloyd’s presents solutions for global industry and government partnerships to fast-track societal and economic COVID-19 recovery

Published: Wed, 01 Jul 20

Open-source frameworks provide blueprint for better protecting society against systemic catastrophic events   01 July 2020, Johannesburg - Lloyd’s, the world’s leading specialist insurance and reinsurance market, today published a number of ways the insurance industry could fast-track global ...
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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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Developments and issues in the construction and engineering insurance and reinsurance markets

Published: Tue, 23 Jun 20

              Chris van Gend, Global Head of Energy & Construction, Allianz Global Corporate & Specialty (AGCS) and Robert Ter Morshuizen, Head of Property, Engineering and Construction Africa At AGCS we currently see a number of developments ...
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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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Business resilience: Learnings from the COVID-19 pandemic

Published: Wed, 17 Jun 20

It is safe to say, most of us were unprepared for the COVID-19 outbreak, and even more were unprepared for the mitigation measures taken to prevent the large-scale loss of lives. Infectious diseases are not new, as far as risks go - these risks have existed in modern times, e. Spanish flu, avian flu and ...
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Coface Barometer Q2 2020 From a massive shock to a diversified recovery

Published: Thu, 11 Jun 20

A few weeks after the first containment easing measures, economic activity seems to be picking up in most European countries. However, about two months after China, this gradual and partial recovery will not erase the effects of containment on global growth. In this context, Coface forecasts that the recession in ...
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Euler Hermes Social Risk Index (SRI): South Africa vulnerable to social unrest

Published: Mon, 08 Jun 20

Each quarter, Euler Hermes assesses the evolution of country risk. The world leader in credit insurance has this year added environmental, societal and governance (ESG) risks to its analyses, to have a more precise and complete assessment. This decision makes perfect sense in today’s context as the Covid-19 ...
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Insurance and Risk in a Post-Covid Economy

Published: Mon, 01 Jun 20

Certain insurance classes will take a hit while others will have time to recover, consumer behaviour will radically change the rules of engagement for insurers and brokers, and accelerate digital transformation   Nothing will be the same in the world post-Covid 19. As our economy slowly starts to ...
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Allianz strengthens Property line of business

Published: Mon, 01 Jun 20

Allianz Global Corporate & Specialty (AGCS) Africa has announced three appointments in its Property line of business. Effective July 1 2020, Ronald Dodo-Tabaziva will be joining AGCS Africa as a Lead Property Underwriter. He is a Fellow and Associate of the Insurance Institute of South Africa (IISA), and holds ...
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Kidney Failure:

Endstage renal failure due to chronic irreversible failure of both kidneys to function as evidenced by the Life Assured’s requiring regular peritoneal dialysis or heamodialysis or having had renal transplantation.
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