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Swiss Re Institute preliminary sigma estimates: catastrophes cause global economic losses of USD 36 billion in the first half of 2018

Total global economic losses from disasters in H1 2018 were USD 36 billion, significantly down from USD 64 billion in H1 2017 and well below average Global insured losses from disasters were USD 20 billion in H1 2018, down from USD 30 billion in H1 2017 Winter storm Friederike was the ...
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Types of intent that can affect your car insurance claim

When deciding on whether someone should be covered in the event of a motor vehicle accident, an insurer may decide that a seemingly negligent driver actually acted with intent and should therefore not be covered, and such insurer may apply criminal court judgments to do so. This is according ...
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President Ramaphosa appoints acting NDPP

    Dr Silas Ramaite Acting National Director of Public Prosecutions     President Cyril Ramaphosa has appointed Dr Silas Ramaite as Acting National Director of Public Prosecutions (NDPP) following this week’s ruling by the Constitutional Court on ...
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Risk management for the health care industry: The importance of checklists

    Aneesa Bodiat*, Head of Legal Natmed Medical Defence (Pty) Ltd       Surgery is becoming ever more sophisticated and complex, and the rise of the super-specialist surgeon complements a modern world in which what we know about the human body ...
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Shippers get serious about Cyber Threat

Major attacks like the NotPetya malware incident have been a wake-up call for the shipping sector, creating a renewed urgency around tackling the threats posed to vessels and supply chains, as well as prompting an increasing interest in cyber insurance. At the same time, new regulations will exacerbate ...
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Claims Incurred But Not Reported:

Claims resulting from accidents or occurrences which have taken place, but of which the insurer has not received notice or report of the loss. An estimate is made of the amount of these claims based on previous experience. Also referred to as losses incurred but not reported (IBNR's).
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