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Press Room

Press Archive »

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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Introducing Insure Cloud, your SaaS short term insurance platform

Published: Tue, 12 Jan 21

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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Allianz Begins Eight-Year Worldwide Olympic & Paralympic Partnership

Published: Mon, 11 Jan 21

Official start of worldwide partnership with Olympic & Paralympic Movements Allianz expands local initiatives to engage and bring together athletes, teams, volunteers and fans in more than 200 countries Backs Olympic & Paralympic Movements with products & services   Munich, January 11, ...
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Keeping your 2021 in check

Published: Wed, 06 Jan 21

Bertus Visser, Chief Executive of Distribution at PSG Insure The new year is in full swing already, but for those who enjoyed a festive break, holding on to that holiday feeling might be quite tempting. Procrastinating can be peaceful to a point but delaying some important upgrades to your insurance cover could ...
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PRESS RELEASE: C2 Technologies Group

Published: Wed, 06 Jan 21

C2 Technologies Group selects The Data Company to deliver an IFRS 16 lease management solution. The Data Company is delighted to announced that it is working with C2 Technologies Group (“C2 Group”), a global technology and software company, to develop a lease tracking solution to help them and their customers ...
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Allianz: Litany of new risks for directors and officers in 2021 driven by insolvencies, cyber threats and ESG scrutiny

Published: Tue, 15 Dec 20

AGCS report identifies mega risk trends for directors and officers in 2021 – Covid-19 pandemic and its economic fallout increase exposures for them to be held accountable for poor performance or management decisions Nervousness in an already strained D&O insurance market about current risk environment ...
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Outsmart criminals by being safety savvy – Iemas Insurance Brokers gives a few tips on how to stay safe during the festive season

Published: Tue, 15 Dec 20

Staying at home or not travelling as much as you used to, does not mean that you won’t be a victim of crime. According to an annual report released by Stats SA, at the end of March this year 469 224 property-related crimes were reported, while 18 162 carjacking cases and 59 883 shoplifting cases ...
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Aon Report Highlights a Path Toward "The New Better" in Wake of COVID-19 Pandemic

Published: Wed, 09 Dec 20

Study shows global shift in attitudes of leading organisations toward long-tail risks and the impacts on how society will continue to work, travel and convene. More than 130 organisations across multiple industries and four continents in ten cities participated in coalition meetings, sharing best practices ...
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Allianz Global Corporate & Specialty makes global leadership appointments

Published: Mon, 07 Dec 20

Jeremy Sharpe joins from AIG to lead AGCS’s Global Distribution function Patrick Thiels moves to lead AGCS’ expanded Mediterranean & Africa Region Corinne Cipière joins Board of Management of Allianz France. Johannesburg/London/Munich/New York/Paris/Sao Paulo/Singapore – December 7, ...
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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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Top brokers acknowledged at CIB Broker Awards

Published: Thu, 12 Nov 20

Top brokers acknowledged at CIB Broker Awards   The 2020 CIB Broker Awards took place on 6 November in Johannesburg, under strict COVID-19 protocols for a well-deserved celebration. The event recognised CIB’s best-performing brokers over the financial year ending 31 August 2020. The ...
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KPMG launches IFRS 17 Managed Services powered by SAS

Published: Tue, 10 Nov 20

An IFRS 17 managed services offering for South African insurers and re-insurers provides more than just the numbers. KPMG South Africa is launching an IFRS 17 Managed Services offering powered by SAS, which will provide additional analysis, automation and will lower operational costs for insurance clients ...
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Justin Jacobs appointed as Chief Underwriting Officer of Coface South Africa

Published: Wed, 04 Nov 20

As part of the Coface global strategy to reinforce the Risk functions due to the unprecedented times we find ourselves in, we are pleased to announce that Justin Jacobs has been appointed as Chief Underwriting Officer for Coface South Africa, effective December 1st, 2020. Justin brings strong experience ...
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Expense Loading:

The portion of the annual premium which is intended to cover expenses incidental to the business of insurance, such as sales expenses, taxes, general administration, salaries and underwriting profit.
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