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Allianz achieves 2.6 billion euros operating profit in 2Q 2020

Published: Thu, 06 Aug 20

2Q 2020 operating profit of 2. 6 billion euros 2Q 2020 net income attributable to shareholders down 28. 6 percent to 1. 5 billion euros 6M 2020 total revenues stable at 73. 5 billion; in 2Q 2020 total revenues decreased by 6.
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Digital transformation in the financial services sector

Published: Thu, 06 Aug 20

by Carla Collett, Partner, Peter Grealy, Partner, Nozipho Mngomezulu, Partner, Dawid de Villiers, Partner, Karl Blom, Senior Associate, and Wendy Tembedza, Senior Associate from Webber Wentzel   Data protection and cybercrime are becoming more pressing issues for financial ...
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Genasys adds Flowgear to its eco-system

Published: Tue, 04 Aug 20

Partnership enables zero coding integrations with SKi® platform   4 August 2020: Genasys Technologies can now enable super-fast zero-coding integration of its Ski® platform with the addition of Flowgear to its ecosystem. Flowgear’s iPaaS platform (Integration Platform as a Service) ...
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Liberty Drives Hope - and places the needs of ordinary South Africans at the core

Published: Fri, 31 Jul 20

                                    It was a desperate cry for help on Facebook. When Karen Denny, Divisional Executive for Liberty’s Digital Marketing team, ...
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Millions of South Africans avoid preventative health screenings due to a lack of financial access

Published: Thu, 30 Jul 20

A lack of access to primary healthcare due to financial constraints is leaving millions of South Africans vulnerable, resulting in more severe health conditions and illnesses that are only discovered once they are at crisis stage. While quality primary health care will ensure “early detection” in most ...
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BELT CONVEYORS IN UNDERGOUND MINES

Published: Wed, 29 Jul 20

    ASSESSMENT AND EFFECTIVE MANAGEMENT OF RISK BELT CONVEYORS IN UNDERGOUND MINES By Eugene Pretorius   A Risk Assessment on the belt conveyors in the underground metal and no-metal mines was conducted. The objective of the exercise was to determine the inherent fire risks ...
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Design “Away” Fires In Substations And Transformers

Published: Wed, 29 Jul 20

    By : Eugene Pretorius. N. Dip. (Fire Tech)   Many fires can be prevented and or reduced to insignificant losses by introducing minuscule changes at the incipient design stages of new substations and the placement of new transformers at sites. We have been involved in various ...
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SAIA Successfully Holds Annual General Meeting (AGM) 2020

Published: Mon, 27 Jul 20

Johannesburg – At its first ever virtual Annual General Meeting (AGM) held on 23 July 2020, the South African Insurance Association (SAIA) successfully nominated a new SAIA Board of Directors composed of non-life insurance member companies, reinsurance companies and state-owned enterprise chief executives and ...
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POST-PANDEMIC PRODUCTION RELOCATION: AN OPPORTUNITY FOR CEE COUNTRIES?

Published: Mon, 27 Jul 20

Here are the main points addressed in this Coface study:   A favourable context Foreign trade and inclusion in supply chains had already increased for Central & Eastern Europe (CEE) in recent years, boosted by most of its countries’ decision to join the European Union (EU) in 2004. Strong ...
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Lloyd’s approves new specialised syndicate to insure transportation of COVID-19 vaccine to emerging economies

Published: Fri, 24 Jul 20

Lloyd’s, the world’s leading specialist insurance and reinsurance market, today announced the creation and in principle approval* of its newest “syndicate in a box,” Syndicate 1796, set up to insure the storage and transportation of a COVID-19 vaccine once developed to emerging economies. This ...
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SAVING IS ESSENTIAL, SO IS INSURANCE

Published: Thu, 23 Jul 20

Johannesburg, 23 July 2020 – Each year, during National Savings Month, the spotlight is firmly on educating South Africans how to increase their savings nest egg and why they should consider it. But often the role insurance can play in securing our financial futures is overlooked. The Ombudsman for Short-Term ...
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Grant Maxwell to lead Alternative Risk Transfer line of business at AGCS

Published: Thu, 23 Jul 20

Grant Maxwell appointed as Global Head of Alternative Risk Transfer at AGCS reporting to Chief Underwriting Officer Corporate Tony Buckle Non-traditional risk transfer solutions increasingly important for multinational corporations Johannesburg/London/Munich/New York/Paris/Sao Paulo/Singapore – 23 July, ...
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GLOBAL TRANSPORT: WHAT DOES THE FUTURE HOLD BEYOND COVID-19?

Published: Tue, 21 Jul 20

Here are the main points addressed in this study (download it here)   Coface does not expect the sector to recover to fourth quarter 2019 level before 2022. In Coface’s central scenario, the turnover of listed companies of the global transport sector will be 32% lower in the 4th quarter ...
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United States: Two-speed business bankruptcies

Published: Thu, 16 Jul 20

United States: Two-speed business bankruptcies   As the COVID-19 epidemic hits the United States very hard, Coface forecasts in its baseline scenario that the country's GDP will contract by 5. 6% in 2020, before rebounding by 3. Nevertheless, this forecast is threatened by the resurgence of the outbreak ...
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atWORK 6 integrates Finametrica into its Wealth Module

Published: Thu, 16 Jul 20

Cloud-based software solution atWORK has scored a coup by integrating Finametrica’s award-winning risk profiling toolkit into its newest financial planning software. Advisers who weren’t already convinced of the value of risk profiling have surely had their minds changed by COVID-19. The pandemic ...
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Allianz: Gulf of Guinea sees piracy activity soar, West African Coast is third hotspot for shipping losses

Published: Wed, 15 Jul 20

Safety & Shipping Review 2020: 41 large ships lost worldwide in 2019, down by more than 20% year-on-year and almost 70% over a decade. Consequences of coronavirus and a sustained economic downturn could threaten long-term safety improvement and trigger an uptick in losses from cost-cutting measures, fatigued crew, ...
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The Ombudsman for short-term insurance (OSTI) released its quarterly Briefcase

Published: Mon, 13 Jul 20

The Ombudsman for short-term insurance (OSTI) released its quarterly Briefcase (attached). It contains news from the editor, case studies, consumer tips and general information on what the Ombudsman does.
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POPI BREACH COULD MEAN FINES OF UP TO R10 MILLION AND A 10-YEAR JAIL SENTENCE

Published: Thu, 09 Jul 20

Where to start for SA businesses?   09 July 2020: Parts of the long-awaited Protection of Personal Information Act 4 of 2013 came into force on 1 July 2020, and companies will have a period of one year to get their ducks in a row or risk substantial fines and even imprisonment. The Act seeks to ...
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Asia Corporate Payment Survey 2020: COVID-19 will overturn last year’s incipient recovery

Published: Tue, 07 Jul 20

After a 2019 that was dominated by trade tensions between the United States and China, Coface has observed an incipent recovery in Asia (excluding China), supported by supply chain shifts and additional liquidity from the US Federal Reserve. Average payment terms improved in 2019, rising to 67 days compared to 69 ...
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Coface finalises the acquisition of GIEK Kredittforsikring AS

Published: Tue, 07 Jul 20

Coface announces the closing of the acquisition of GIEK Kredittforsikring AS, a company created in 2001, and owned by the Norwegian Ministry of Trade, Industry and Fisheries, that manages a short-term export credit insurance portfolio. Coface has acquired all GIEK Kredittforsikring AS shares, and the business will ...
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Investment Manager:

A person appointed by a fund in terms of an agreement or policy whereby the board of trustees delegates its function to invest the fund's assets.
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