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Press Room

Press Archive »

NORTON ROSE FULBRIGHT SCOOPS AWARD FOR INNOVATIVE INSURANCE COMIC BOOK

Published: Wed, 18 Nov 20

At a virtual awards ceremony on Friday November 13, 2020, Norton Rose Fulbright in South Africa was recognized by the Institute of Risk Management South Africa (IRMSA) for leaping out of the proverbial box with an innovative ‘first-in-industry’ comic book, developed to inform clients about avoidance and ...
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Top brokers acknowledged at CIB Broker Awards

Published: Thu, 12 Nov 20

Top brokers acknowledged at CIB Broker Awards   The 2020 CIB Broker Awards took place on 6 November in Johannesburg, under strict COVID-19 protocols for a well-deserved celebration. The event recognised CIB’s best-performing brokers over the financial year ending 31 August 2020. The ...
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KPMG launches IFRS 17 Managed Services powered by SAS

Published: Tue, 10 Nov 20

An IFRS 17 managed services offering for South African insurers and re-insurers provides more than just the numbers. KPMG South Africa is launching an IFRS 17 Managed Services offering powered by SAS, which will provide additional analysis, automation and will lower operational costs for insurance clients ...
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Justin Jacobs appointed as Chief Underwriting Officer of Coface South Africa

Published: Wed, 04 Nov 20

As part of the Coface global strategy to reinforce the Risk functions due to the unprecedented times we find ourselves in, we are pleased to announce that Justin Jacobs has been appointed as Chief Underwriting Officer for Coface South Africa, effective December 1st, 2020. Justin brings strong experience ...
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FPI awards – Winners announced

Published: Thu, 29 Oct 20

“We believe that hard work deserves to be rewarded, and that’s why we make sure that we recognise the outstanding achievers in the financial planning industry annually,” according to the Financial Planning Institute of Southern Africa (FPI). On Tuesday night, at a gala dinner that formed part of ...
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Advisors now more dependent on social media

Published: Thu, 29 Oct 20

Advisors now more dependent on social media “Amid the coronavirus pandemic, financial advisors are flocking to social media in order to maintain contact with clients and prospects and to stay abreast of developments in their industry,” according to research released ...
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International Survey maps the future of home and motor insurance

Published: Thu, 29 Oct 20

International Survey maps the future of home and motor insurance A recent Deloitte survey aimed at discovering what customers want, and how COVID-19 has shifted their needs, highlighted that customers favour simplicity. This was the primary finding of a survey of 8 000 customers ...
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Does digital assistance make insurance relevant beyond loss coverage?

Published: Thu, 29 Oct 20

In an era of digitisation and disruption, one aspect where most insurers come up short is providing real value beyond the insurance policy. Traditionally, insurers and brokers have (and continue to) only really engage with policyholders when it comes to policy renewals, claims and premium increases. Of course, ...
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Coface reports €28.5m net income for the third quarter and launches a share buyback programme for €15m*

Published: Tue, 27 Oct 20

Download Coface Q3 Results.
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What will Finance Minister Tito Mboweni's 2020 Medium Term budget offer?

Published: Thu, 22 Oct 20

South Africa's economic recovery plan The plan is aimed at fast-tracking the recovery of the economy from the devastation caused by the COVID-19 pandemic. It outlines government's plan to revive the economy with short and long-term interventions. If the plan is executed as presented, it is expected to ...
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It's all about Software-as-a-Service (SaaS)

Published: Thu, 22 Oct 20

What is SaaS eCommerce? SaaS stands for Software-as-a-Service, is a software licensing and delivery model in which software is licensed to a user, it’s a way of delivering services which can be accessed via the internet. SaaS applications run on a provider’s servers; eCommerce platforms allow ...
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Introducing Insure Cloud, your SaaS short term insurance platform

Published: Thu, 22 Oct 20

Stepping into the market   During the pandemic COVID-19 many industries along with the insurance sector experienced a time of uncertainty followed by a sudden change and growth in technological and digital space. The heavy reliance on web-based tools and services for our day-to-day interactions; proved ...
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Allianz appoints Head of Property for South Africa

Published: Wed, 21 Oct 20

Ronald Dodo-Tabaziva, currently Lead Property Underwriter is appointed Head of Property in South Africa. Robert Ter Morshuizen, who oversaw Property, Energy and Construction will focus on Energy and Construction. Allianz Global Corporate & Specialty (AGCS), the corporate insurance carrier of Allianz ...
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Allianz once again named the world’s #1 insurance brand in Interbrand’s Best Global Brands Ranking

Published: Tue, 20 Oct 20

The ranking confirms Allianz’s growing brand strength and relevance in people’s lives Allianz’s resilience and focus on customer centricity is reflected in the success of the brand Munich, October 20, 2020 – For the second consecutive time, Allianz has emerged as the top insurance brand ...
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Creating an insurance strategy

Published: Wed, 14 Oct 20

Insurance, at its essence, is a source of finance to pay for losses, when they occur. In theory, the contributions of the many pay for the losses of the few. The risk transfer to an insurer is subject to conditions but there is the advantage of stability in settled law and practice. For larger organisations, ...
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How to adjust your insurance to achieve optimal financial wellness

Published: Tue, 13 Oct 20

The last quarter of 2020 is in full swing and little did we know what an interesting and strange year it would be. Apart from the many ups and downs personally as well as financially, most of us had to make drastic changes to our finances to adapt to salary reductions and loss of income. Piet Wolmarans Managing Director ...
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COFFEE, A NEW WORK FROM HOME OFFERING IS LAUNCHED

Published: Mon, 12 Oct 20

Six-months ago, at the start of lockdown, the majority of South Africans set up their workstations in their own homes in an effort to stop the spread of COVID-19. With the introduction of Lockdown Level 1, more of the workforce can now return to their respective offices, but will they?   “Remote working ...
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Call for actuaries to collaborate with government to rid South Africa of “wicked problems”

Published: Wed, 07 Oct 20

As the world continues to grapple with the “wicked problems” created by the Covid-19 pandemic, governments able to efficiently mobilise their diverse talent pools appear to be presenting their citizens with better outcomes than those unable to do so, according Lusani Mulaudzi, President of the Actuarial ...
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THE IMPAIRMENT PROBLEM

Published: Wed, 07 Oct 20

What can happen when sprinklers meet human error?   The Liberty Mutual study documented fires in industrial occupancies where sprinklers were present and should have operated, or perhaps even did operate, but were shut off either before the fire event or prematurely during the fire. These actions, known ...
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Loss Adjusters - Do Not Be Misguided, You Need A Reputable Engineer For Your Assessments…..Now More Than Ever!

Published: Wed, 07 Oct 20

The risks for the insurance industry are increasing by the day because of structural designs, structural failures, sub-standard construction levels, floods, and fire damages.   Structural designs to ensure compliance became so problematic, that an independent review became inevitable without ...
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From The Glossary »

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Sortino Ratio:

This measures whether the return in excess of a specified benchmark was sufficient to cover the downside volatility/risk inherent in the investment. This ratio is useful to measure potential under-performance rather than the volatility that arises from out-performance.
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