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Allianz Global Corporate & Specialty appoints first Chief Data Officer

Published: Tue, 31 Mar 20

Chief Data Officer Ali Shahkarami will align global data initiatives, tools and investments and further drive AGCS’s data and analytics strategy With this newly created role Allianz Global Corporate & Specialty (AGCS) aims to create a ‘data first’ decision making culture AGCS Chief Operation ...
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GENRIC Insurance Company donates to Government’s Solidarity Fund

Published: Mon, 30 Mar 20

GENRIC Insurance Company has stepped up to support the Government's Solidarity Fund. President Cyril Ramaphosa announced the creation of the Solidarity fund in his address on Monday 23 March in an effort to mitigate the economic impact of the coronavirus and the 21-day lockdown which commenced 27 March ...
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Allianz appoints Africa Head of Property, Energy and Construction

Published: Wed, 25 Mar 20

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 Thierry Portevin ...
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Covid-19 and insurance claims

Published: Thu, 19 Mar 20

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 the insureds ...
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Cyber risk during COVID-19 outbreak

Published: Thu, 19 Mar 20

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 meetings, client ...
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Cyber Risk Implications of the Coronavirus Outbreak

Published: Wed, 18 Mar 20

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 where millions ...
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The importance of business continuity during the coronavirus shutdown

Published: Tue, 17 Mar 20

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 industry sectors ...
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POSTPONEMENT NOTICE: SAIA BREAKFAST SESSION 2020

Published: Mon, 16 Mar 20

Following the national disaster declaration made by the President of South Africa, Mr Cyril Ramaphosa, on 15 March 2020 around the spread of the coronavirus, the South African Insurance Association (SAIA) has decided to postpone the SAIA Breakfast Session which was to be held on 19 March to a later date in May 2020 ...
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Allianz: 5 sustainability trends to watch for companies

Published: Thu, 12 Mar 20

Companies can potentially face reputational damage or legal liabilities if they fail to appropriately manage environmental, social and governance (ESG) issues. Allianz Global Corporate & Specialty’s ESG team identified key trends to watch: climate change, water management, preserving biodiversity degradation ...
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Insurance Growth Report Balancing risk and reward 2020 - Part 1 / 3

Published: Thu, 12 Mar 20

The outlook for the insurance industry is finely balanced. The green shoots of market hardening that appeared in 2018 appear to have taken root in 2019. Losses from natural catastrophes were down. And innovative technologies that promise benefits across the entire re/insurance value chain are maturing. ...
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Hannover Re delivers double-digit earnings and premium growth and increases dividend

Published: Wed, 11 Mar 20

Group net income rises by 21. 2% to EUR 1. 28 billion Gross premium grows by 15. 2% adjusted for exchange rate effects Proposed dividend of EUR 5. 50 (previous year: EUR 5. 25) per share Book value per share increases to EUR 87. 2%) Major loss expenditure higher than anticipated Guidance for 2020 ...
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Insurance Growth Report Charting the ebb and flow of insurance M&A Part 2/3

Published: Wed, 11 Mar 20

Following part one of our Insurance Growth Report, which presented a review of worldwide mergers and acquisitions, here we analyse transaction trends by region. 2019 saw another annual increase in global M&A activity in the insurance industry, with 419 deals completed worldwide representing a 10% increase ...
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Aon to Combine with Willis Towers Watson To Accelerate Innovation on Behalf of Client

Published: Tue, 10 Mar 20

Aligns Aon United and Willis Towers Watson growth strategies to accelerate innovation from both organizations to benet clients Combines diverse colleague experience and shared values to drive distinctive outcomes for clients Enables delivery of complementary capabilities that unlock new sources of value for all ...
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The Data Company Group Limited joins Genasys eco-system for insurers

Published: Sun, 08 Mar 20

Partnership provides insurers with new opportunities to combat fraud Genasys Technologies has further strengthened its proposition to insurers with the latest addition to its ecosystem. Genasys has partnered with The Data Company Group Limited to deliver ...
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Coronavirus business interruption and supply chain impact

Published: Thu, 05 Mar 20

In addition to causing chaos in an increasing number of cities and countries around the world, the outbreak of the infectious disease poses a significant threat to corporates and their suppliers, given China’s role as the world’s manufacturing superpower. What are the major areas of disruption and how ...
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Top trends that will shape the insurance sector in the next decade

Published: Wed, 04 Mar 20

Contributors: Carl Moodley - Chief Underwriting & Claims Officer; GENRIC insurance Company Stuart Forbes - Chief Risk and Compliance Officer; GENRIC insurance Company Eugene Olivier – Chief Information Office; GENRIC insurance Company   Across the globe, trends in technology, economics ...
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PAJA applies to s37C Pension Funds Act decisions

Published: Tue, 03 Mar 20

Authored by Amina Yuda, Associate   In February the high court confirmed that the Promotion of Administrative Justice Act (“PAJA”) applies to section 37C decisions on the distribution of death benefits made by the boards of retirement funds under the Pension Funds Act. In Mbatha v Transnet Sector ...
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BUDGET 2020: THE RIGHT INTENT, BUT THE CHALLENGE REMAINS DAUNTING

Published: Thu, 27 Feb 20

BY ARTHUR KAMP, CHIEF ECONOMIST AT SANLAM INVESTMENTS Budget 2020 is the best we could have hoped for in difficult circumstances. In essence, it aims to constrain consumption spending relative to capital expenditure, while recognising that persistent tax increases are counter-productive and constrain growth. Budget ...
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Why you need insurance in the palm of your hand for all those ‘oops, eina, wuuu shem’ moments.

Published: Wed, 26 Feb 20

After the back to school or work dust settles, South Africans tend to review their insurance policies in search of better premiums, value-adds and cover. Insurance service providers are generally associated with call centres, lengthy phone calls and loads of paperwork. However, the insurance landscape is changing ...
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South Africa’s National Budget Speech 2020: A fiscal surprise

Published: Wed, 26 Feb 20

South Africa’s Minister of Finance, Mr Tito Mboweni delivered a surprising budget for 2020/21 before Parliament today by opting not to increase tax rates, highlighting the fact that in the current economic environment, substantial increases are likely to be ineffective. The focus of the budget over the last ...
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