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Coronavirus and its effects on international trade and insurance

The deadly novel coronavirus outbreak (2019-CoV) has resulted in passenger and cargo ships being quarantined around the world, partial and complete travel bans to parts of China and shipping and airlines being unable or unwilling to deliver cargo to the contractual destination. Malcolm Hartwell, ...
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Political and environmental risks are the main threats facing businesses in 2020

As Coface launches the 2020 edition of its Country & Sector Risks Handbook, Chief Economist Julien Marcilly today presents the main threats for the global economy in 2020 at the Coface Country Risk Conference in Paris. The US-China trade agreement will not be enough to rekindle international trade With ...
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COMPARING THE BENEFITS OF A TAX FREE SAVINGS ACCOUNT AND A RETIREMENT ANNUITY FUND

By Jaco Prinsloo, Certified Financial Planner at Alexander Forbes Financial Planning Consultants   The benefits of saving are well known, as are the tax benefits offered by tax-free savings accounts (TFSA) and retirement annuity funds (RA). But what is unclear is which savings vehicle is ...
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Cyber attackers’ home in on South African businesses

Ransomware industry flourishes in SA while business are largely unprepared for the business interruption and financial fallout of a breach   In a recent Carte Blanche episode, the investigative news programme revealed that South Africa had faced a number of major cyberattacks during 2019 ...
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SELECTING THE WRONG DIRECTORS FOR THE SOE AND SOC BOARDS HAS BEEN DISASTROUS

By Terrance M. Booysen and peer reviewed by Jene’ Palmer CA(SA) (CGF Lead Independent Consultant)    As most South Africans eagerly awaited some reprieve from a year of constant and negative bombardment, be this over matters such as a massively contracted economy, rising unemployment, ...
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From The Glossary »

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Ceding Company:

An insurer which transfers all or part of a risk to a reinsurer by means of a reinsurance contract. Sometimes referred to as the cedent.
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