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Allianz Risk Barometer 2021: Covid-19 trio tops South Africa and global business risks

Published: Tue, 19 Jan 21

10th Allianz survey: Business interruption, Pandemic outbreak and Cyber incidents are the top three business risks for 2021 – all strongly interlinked. Cyber incidents, Business interruption and Pandemic outlook are the top three business risks in South Africa. Pandemic outbreak rockets to #2 from ...
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Introducing our new eNews App

Published: Wed, 13 Jan 21

Insurance Gateway is thrilled to introduce our brand new electronic newspaper. The final product is available as both a mobile and desktop application. Our aim with the app was to develop an electronic newspaper that would dynamically reflect and complement our more extensive Insurance Gateway website. The pages are ...
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Healthcare planning new year resolutions for 2021

Published: Tue, 05 Jan 21

2020 has been a brutal year, financially and emotionally. The pandemic and its subsequent aftershocks on household income and spending have been severe. Going into the new year, many families are reviewing household expenses and prioritising the ‘must haves’ from the ‘nice to haves’, but also ...
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Healthcare Funding and Resources – SA’s ‘other’ pandemic

Published: Wed, 09 Dec 20

Wednesday, 9 December 2020 - The global COVID-19 pandemic has plunged the medical community into a furious race to develop a vaccine – at an exponentially faster rate than any other illnesses. By early June over a hundred studies were being conducted to develop a vaccine, and pharmaceutical company Moderna is ...
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Report highlights impact of Covid-19 on household finances

Published: Mon, 07 Dec 20

Report highlights impact of Covid-19 on household finances Towards the end of November 2020, the Momentum/Unisa Household Finance Insight Report for 2020 was released. A specific analysis was done to estimate the impact of Covid-19 and the lockdown on household finances to, among others, determine the magnitude ...
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Local CIS industry sees record net inflows despite Covid-19 woes

Published: Mon, 07 Dec 20

Local CIS industry sees record net inflows despite Covid-19 woes The Association for Savings and Investment South Africa (ASISA) recently released the Collective Investment Schemes (CIS) industry statistics for the quarter and year ended September 2020. South African investors committed R57 billion in net inflows ...
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Draft Conduct Standard published for CIS Managers

Published: Mon, 07 Dec 20

Draft Conduct Standard published for CIS Managers A draft Conduct Standard, setting out both the principles and fit and proper requirements that CIS managers must comply with on an ongoing basis, was released by the Financial Sector Conduct Authority (FSCA) on 2 December 2020. The draft Conduct Standard ...
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FAIS Ombud Annual report highlights the need for TCF

Published: Mon, 07 Dec 20

During the 2019/2020 financial year the Office of the FAIS Ombud received a total of 8835 new complaints - a reduction of 5. 23% from the 9323 received during the 2018/2019 financial year and the 10 211 received during 2017/2018. In the report, released on Friday, the FAIS Ombud emphasises its three-fold ...
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DIVERSITY AND DIRECTORS AND OFFICERS LITIGATION

Published: Wed, 02 Dec 20

Diversity awareness is more important than ever before for senior management in all companies, as more and more investors, activists and shareholders, not to mention regulators, begin taking it more seriously. But, for those who don’t, a flurry of recent lawsuits should raise concerns that directors and officers ...
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COVID-19: NAVIGATING THE ‘CEO MOMENT’

Published: Wed, 02 Dec 20

In the wake of the Covid-19 shockwaves, companies are still having to plan and implement return-to-office measures. Given that, and a looming global recession, the pressure – and risks – couldn’t be higher for executives, as highlighted in a recent Clyde & Co. and Allianz Global Corporate & ...
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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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Health checks and treatment should be addressed even during COVID-19

Published: Wed, 04 Nov 20

Around the world, many people are choosing to delay treatment for serious and chronic ailments because they are worried about being exposed to COVID-19 in healthcare settings. In the early months of the pandemic, some hospitals in the United States saw a marked decline in the number of heart attack and stroke patients ...
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BrightRock need-matched products continue to provide certainty for clients, driving growth

Published: Wed, 04 Nov 20

Key performance indicators BrightRock ranked second in terms of new business annual premium written by independent financial providers in the second quarter of 2020 (COVID-19 lockdown) * BrightRock, once again, was the fastest growing insurer in our segment in this period * 4% increase in new business annual ...
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Medical malpractice claims, adverse inferences and res ipsa loquitur

Published: Sun, 01 Nov 20

The Eastern Cape MEC for Health was held vicariously liable for the negligent conduct of provincial hospital nursing staff in failing to take the necessary steps to ensure that a patient’s wound was properly assessed and cleaned and that all debris, specifically a large shard of glass, had been removed. The ...
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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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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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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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