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Associated Compliance Protection of Personal Information Act Series: Part 6

The sixth article in our series on this piece of legislation. If you have not yet read any of these articles we would encourage you to do so as this will provide the information necessary to prepare you for POPIA implementation. Openness Transparency is a well known concept within the financial services ...
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Allianz named ‘International Corporation of the Year’ in Africa

Allianz recognized for its outstanding growth in Africa African insurance market presents long-term growth potential MUNICH, ABIDJAN, JOHANNESBURG: At the 5th annual Africa CEO Forum held in Geneva March 20-21, Allianz received the ‘International Corporation of the Year’ ...
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Setting aside arbitrator’s award for going beyond the dispute

Patrick Bracher, Director Norton Rose Fulbright South Africa Inc. Arbitration clauses must be construed liberally to give effect to their essential purpose which is to resolve legal disputes arising from commercial relationships before privately agreed tribunals, instead of through the courts. When ...
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Failure of PI insured to report potential malpractice suit (US)

      Patrick Bracher, Director Norton Rose Fulbright South Africa Inc.   The question debated in a claim under a lawyers’ professional indemnity policy was whether the attorneys could have reasonably expected the underlying malpractice action ...
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Understanding your cyber risk exposure and the insurance options available

By Ethan Pitts Camargue Underwriting Managers (Pty) Ltd The cyber risk facing the world today has never been greater. As more and more homes and businesses make the transition into the cyber realm, we find that cyber risk no longer only sits with the giant multinational corporations and financial ...
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From The Glossary »

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Indemnity:

The amount paid by the insurer to the insured for loss or damage covered under the insured’s policy. Indemnity value takes into account the effects of depreciation. Short-term insurance contracts may be either indemnity or non-indemnity contracts. If it is an indemnity contract the insured is entitled to recover the commercial value of what is insured, that is depreciated value. Replacement value puts the insured into a position that is better ...
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