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Allianz brand value climbs 17 percent to over 15 billion USD in one year

Published: Thu, 21 Oct 21

Allianz named the world’s ‘Best Insurance Brand’ again in Interbrand’s Best Global Brands ranking 2021 Allianz climbs five ranks to #34 of top 100 global brands Largest brand value increase since Allianz entered the 100 Best Global Brands ranking   Munich, October 20, 2021 ...
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Allianz Risk Barometer 2022

Published: Thu, 21 Oct 21

Allianz invites you to take part in this year’s Allianz Risk Barometer survey. The survey launched on October 20, 2021 and runs till November 17, 2021. What is the Allianz Risk Barometer? The Allianz Risk Barometer is Allianz’s annual report identifying the top corporate risks for the next ...
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Leadership Changes at Allianz Africa

Published: Thu, 21 Oct 21

Effective November 1, 2021, Delphine Traoré becomes CEO of Allianz Africa. She retains her current responsibilities as COO. Nairobi, October 20th: Delphine Traoré, Member of the Board of Management of Allianz Africa and Regional Chief Operations Officer (COO), will succeed Coenraad Vrolijk ...
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Information Regulator publishes an invitation for public comments on new POPIA Regulations

Published: Wed, 20 Oct 21

New amended draft regulations on POPIA have been published for comment, covering various steps that people can take in exercising their rights under POPIA and how businesses can request consent for direct marketing purposes On 15 October 2021, the Information Regulator published an invitation for public comments ...
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Aon launches Ransomware Defence to address growing challenges around cyber insurability

Published: Thu, 07 Oct 21

Many organisations across EMEA, UK currently unable to purchase cyber insurance   Aon, a leading global professional services firm, today announced the launch of a new offering aimed at increasing the resilience of businesses in EMEA and the UK and by addressing cyber insurability challenges. Insurers ...
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Business insolvencies in South Africa rise by 21.5%

Published: Wed, 06 Oct 21

Thanks to massive state intervention, global insolvencies decreased in 2020 (-12%) and will continue to do so in 2021 (-6%). Euler Hermes expects global insolvencies to rise by +15% in 2022, but still at a low level (-4% compared to pre-crisis figures). The US will be an exception in the global landscape, keeping ...
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How drones have changed the insurance landscape

Published: Mon, 04 Oct 21

For decades, insurers have relied on traditional, predominantly manual methods of assessment to underwrite insurance policies, determine fair premiums and manage difficult claims. This lengthy process often includes an assessment of the client company’s risk management controls, including safety practices, fire ...
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AGCS appoints Regional Head of Liability for Mediterranean & Africa

Published: Mon, 04 Oct 21

Johannesburg/Paris/Rotterdam – October 4, 2021: Allianz Global Corporate & Specialty (AGCS) today announced the appointment of Stéphanie Perreau as the Regional Head of Liability for AGCS Mediterranean & Africa. Nicolas Lewandowski succeeds Stéphanie as the Head of Liability for ...
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How to protect an empty office

Published: Fri, 01 Oct 21

Santam, 01 October 2021: When Covid-19 hit, many businesses had to move staff out of their offices and implement work from home strategies. While this safety precaution was necessary, prolonged periods of ‘empty offices’ come with some unintended consequences, especially where one’s insurance is ...
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SAIA Bulletin - September  2021

Published: Fri, 01 Oct 21

From the Desk of the Chief Executive: Viviene Pearson The July riots have been keeping the industry busy for the past two and a half months. We are glad though that Sasria (SOC) Ltd, a SAIA member and, a government owned only non-life insurer that covers political riots in South Africa, ...
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Fulcrum Collections Welcomes Asiya Swaleh as New Business Development General Manager

Published: Wed, 29 Sep 21

Fulcrum Collections, the premium collections division of The Fulcrum Group, has appointed Asiya Swaleh as General Manager: Business Development. Her appointment is effective 1 October 2021, and she will be based at Fulcrum Group’s Bryanston office. Asiya, who started her career at Liberty ...
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ESG: What do boards need to know?

Published: Tue, 14 Sep 21

Environmental, social and governance (ESG) metrics can be hard to measure, but the risks surrounding them are increasing, as governments and citizens exert pressure on business to change their ways for the greater good. Allianz Global Corporate & Specialty’s (AGCS) latest report (attached), ESG Risk Drivers, ...
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Covid-19 Vaccine Distribution Risks and Insurance: Q&A with Allianz Specialists

Published: Tue, 07 Sep 21

As COVID-19 vaccine distribution rolls out across Africa and the world, insurers of the pharmaceutical industry are in a position to share their experience as to what constitutes a successful and safe distribution process. Allianz Global Corporate & Specialty (AGCS) is one insurer with such experience working ...
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Car insurance for women: Keeping you safe no matter where you are

Published: Mon, 30 Aug 21

For today’s woman who owns a car, motor insurance is a must-have. However, there are various issues to keep in mind when you, as a woman, buy cover for your vehicle. The first question to ask is whether your insurance considers your gender in the underwriting process. Statistics analysed by various ...
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Published: Mon, 23 Aug 21

Three severe waves of the coronavirus pushed South Africa’s unemployment rate to a record high of 32. 6%. The July unrest only exasperated our unemployment crisis – Employment and Labour Minister, Thulas Nxesi, estimates that 105 000 people in KwaZulu Natal and Gauteng are facing job losses. As ...
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Helping Businesses Cut the Cost of Fraud & Drive Performance

Published: Fri, 20 Aug 21

Using our AI, ML Fraud Detection, and Investigation Platform we can help businesses cut the cost of fraud and drive performance enhancements. The recent announcement by the IFB (in the UK Market) that it would be adding an AI solution to its current system offerings to monitor its vast wealth of Insurance data should ...
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Data & Analytics in Insurance

Published: Wed, 18 Aug 21

Gartner state that while data and analytics is the foundation of the insurance industry, analytics maturity remains low. Insurers still lack the investment in emerging technologies, data sources and business units to enable the intelligent enterprise. Do you agree and specifically is this the case in the Claims area?   Most ...
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Big Data and Insurance

Published: Mon, 16 Aug 21

Everyone talks about the “Big Data” opportunity for Insurers but is this fantasy or fact? There are two quite distinct areas when talking about using big data, the first is to help acquire new business and the second is to improve the management of the existing book. And whilst the use of “big ...
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Published: Fri, 13 Aug 21

With increasingly severe weather, growing political volatility, cyber concerns and other threats, farmers need to continue to invest in their risk preparedness. As the farming industry is disrupted by digital, insurers and intermediaries must anticipate emerging risks to remain relevant and be the partner that farmers ...
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Case studies from the Ombudsman for Short-Term Insurance

Published: Thu, 12 Aug 21

In recent years OSTI has seen an increase in motor vehicle claims rejected on the basis of a breach of what is referred to as the reasonable precaution clause. In this issue we look at case studies involving two such claims to give insight into how OSTI approached these matters. We also look at how OSTI dealt with ...
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From The Glossary »



A bonus is the amount of a life insurance company’s profits allocated to a ‘with profits’ life insurance policy after an actuarial valuation of the whole portfolio of policies in force. The bonus is added to the value of the policy, becoming payable at maturity of the policy or death of the life insured.
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