Technical Excellence – Principles and PracticePublished: Mon, 12 Apr 21 Technical excellence is a term that is often cited in insurance, and especially so in relation to AGCS’s international clients with their complex risk profiles. But while it is frequently used, what does it truly mean in this context? AGCS’ Chief Underwriting Officers, Renate Strasser and Tony Buckle, ...
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First edition of the Ombudsman’s Briefcase for 2021Published: Tue, 06 Apr 21 In our first edition of the Ombudsman’s Briefcase for 2021 we take this opportunity to wish you a safe and prosperous year ahead. We face this year with a little more hope having emerged from a second wave of the coronavirus and with the COVID-19 vaccine being rolled-out. In this edition we look at insurance ...
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POPIA 101Published: Thu, 01 Apr 21 All businesses with employees, customers and suppliers must comply with POPIA, which comes into effect on 1 July 2021. Here is a practical guide to the most important aspects
With the commencement date of the Protection of Personal Information Act 4 of 2013 (POPI) of 1 July 2021 fast approaching, businesses ...
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Satrix scoops 10 SALTA awards including South Africa's favourite ETFPublished: Thu, 25 Mar 21 Satrix’s Top 40 ETF was yesterday named South Africa's favourite exchange-traded fund (ETF) for the fourth consecutive year at the 2021 South African Listed Tracker Funds Awards (SALTA). The index investment industry leader scooped 10 SALTA awards, with the wins coming just two weeks after Satrix was named ...
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Scenario planning for future disruptionsPublished: Wed, 17 Mar 21 The Covid-19 global pandemic highlights the importance of business continuity planning for current and future operational disruptions. Good continuity management learnings – robust planning and honest supply chain de-risk assessments – help businesses better adapt when the next event arrives.
Covid-19 ...
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SOCIAL INFLATIONPublished: Wed, 17 Mar 21 Social inflation is challenging the liability environment for companies and impacting potential claims payments for insurers, driven by a wide variety of factors such as anti-corporate sentiment, the rise of the litigation funding industry and even the growing use of jury psychologists. And it is no longer just a ...
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THERE’S A STORM COMING: CLIMATE CHANGEPublished: Wed, 17 Mar 21 Businesses are entering a period of huge policy and regulatory change as the world steps up its efforts to combat global warming. Actions to address climate change pose significant operational and compliance challenges for companies and those that over promise or lag behind are facing increasing scrutiny.
As ...
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ESG MOVES INTO THE MAINSTREAM (AND THE BOARDROOM)Published: Wed, 17 Mar 21 The journey from a voluntary regime for companies around environmental, social and governance (ESG) topics to a more regulated and compulsory one involving transparency, disclosure and reporting is well underway. Although there are currently no global, standardized ESG reporting benchmark requirements, “hard” ...
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New CEO to breathe life into financial sector transformationPublished: Tue, 09 Mar 21 Breathing new life into the Financial Sector Transformation Council (FSTC*) is a top priority for Pumla Ncapayi, who was recently appointed as CEO of the body tasked with overseeing transformation in the financial sector. The FSTC exists to play a key role in driving the financial sector’s transformation agenda ...
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SAIA welcomes Competition Commission guidelines on automotive aftermarketPublished: Tue, 09 Mar 21 The South African Insurance Association (SAIA), as a representative body for the non-life insurance industry, supports the objectives of the Competition Commission Guidelines as they relate to the non-life insurance industry and the adoption of proactive measures that promote competition and transformation in the ...
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Local hedge funds industry finding its feet in a regulated environmentPublished: Mon, 08 Mar 21 The South African hedge funds industry ended 2020 with assets under management of R73. 27 billion. Statistics released by the Association for Savings and Investment South Africa (ASISA) show that assets under management increased by R4. Hayden Reinders, convenor of the ASISA Hedge Funds Standing Committee, says this ...
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To insure or self-insure? A conundrum for fleet operatorsPublished: Thu, 04 Mar 21 Johannesburg, 4 March21: Fleet insurance is essential for businesses with vehicle fleets and drivers. With proper management and meticulousness, fleet managers can reduce insurance costs, improve the safety of employees and benefit from as much insurance cover as is required. But with escalating insurance costs, many ...
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Treasury further tightens the noose on retirement assets of emigrantsPublished: Wed, 03 Mar 21 The Budget Review 2021 includes a proposal to impose a deemed retirement withdrawal tax on retirement assets of emigrants as an exit tax. The proposal is unclear and has numerous issues.
Data from various sources suggests that around 23 000 South African (SA) tax residents emigrate each year in search of ...
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Michael Furtschegger to lead Entertainment line of business at AGCS globallyPublished: Thu, 25 Feb 21 Furtschegger was previously responsible for the international expansion of Entertainment, which is an AGCS line of business since 2015
Entertainment was hit significantly by Covid-19-driven claims in 2020, but is expected to develop into a successful and sustainable book of business for AGCS
Johannesburg/London/Munich/New ...
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AGCS 12 months results updatePublished: Fri, 19 Feb 21 In an extremely challenging environment in 2020, Allianz demonstrated resilience to an unprecedented health crisis and prolonged interest rates. The financial performance in the fiscal year 2020 has been remarkably robust across all business segments, though the Covid-19 pandemic left its mark, especially in the Property-Casualty ...
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Allianz delivers a strong finish to 2020Published: Fri, 19 Feb 21 In the face of an extremely challenging environment in 2020, Allianz demonstrated resilience to an unprecedented health crisis and prolonged low interest rates. The financial performance in the fiscal year 2020 has been remarkably robust across all business segments, though the COVID-19 pandemic left its mark ...
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How you can benefit from the Skills Development LevyPublished: Tue, 16 Feb 21 Do you, as an employer, understand why you are paying a Skills Development Levy (SDL)? Do you know that this gives you access to funds for training? Many business owners just see it as a compulsory payment of 1% from their monthly payroll, and that’s it.
“Many employers don’t realise that ...
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