Our Blog & Insurance Related News

Association backs intermediaries to navigate the COVID-19 storm

The Financial Intermediaries Association of Southern Africa (FIA) has its finger on the pulse of the country’s financial advice and insurance broking community. We spoke to two members of the FIA Board to find out what the FIA was doing to guide its members during...

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How will the coronavirus impact the business travel market?

The continuing coronavirus (COVID-19) lockdown means business travel remains at a standstill, and the long-term implications this pandemic may have on the insurance offering that employers provide once travel resumes is a burgeoning consideration. New research from...

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Lockdown brings out the best in SA insurers

In the weeks since South Africa’s Covid-19 lockdown started, local insurers appear to be embracing the Treating Customers Fairly (TCF) principles even more so than required by law under normal conditions.   Sustaining this could stand the industry in good stead when...

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Remote working to cause 10-fold increase in SA cyber attacks

A showed a sharp spike in network attacks between 15 March and 21 March, with affected devices increasing in number from the 20 000/30 000 average to peak at approximately 310 000 over these few days.   This is according to a Kaspersky Lab report, which states the...

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Glut of Jet Fuel Is on Brink of Overwhelming Global Storage

The world is close to running out of space to store all the fuel that jets are no longer burning. Only about 20% of land-based storage for the product remains -- about 50 million barrels -- while airlines cut flights, according to Vienna-based consultant JBC Energy...

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How to build a more diverse team

The more alike people are, the more likely they are to think along the same lines; therefore, there is less room for debate, discernment and disagreement   As organizations grapple with more complex decisions and an ever-increasing pace of change, building a workforce...

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Brands must consider protecting customers from cyber attacks

South African public and private sector organisations have fallen victim to a range of sophisticated cyberattacks over the last year and have resulted in reputational damage, loss of productivity and finances.   Most organisations have to protect against a growing...

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IUMI on the coronavirus and containership fires

At the annual winter meeting press conference held by the International Union of Marine Insurance (IUMI), a host of the most pressing issues facing this sector were discussed and debated by several IUMI office holders who act as senior representatives of the global...

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Eight attributes of a hard insurance market

Global insurance pricing is on the rise. According to Marsh’s latest Global Insurance Market Index, all three major product lines – property, casualty, and financial and professional – are showing rate increases. As of September 2019, there had been eight straight...

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More SA ransomware attacks ring alarm bells

News has emerged that Tracker SA Systems were hacked over the weekend in the form of a ransomware attack.   Heino Gevers, cybersecurity expert at Mimecast, comments: “South African organisations are likely to continue being targeted by cybercriminals until they...

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Boost your client conversion rate

Service excellence has its own unique currency; it generates, retention, referrals, wallet share and the highest margins.   Fortunes are spent on generating new prospects to drive sales growth. Companies must measure the cost of their lead acquisition to ensure ROI.  ...

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Spring clean your insurance: 4 tips to help you save

Did you recently get married?  Move in with your partner?  Or maybe you made some adjustments to your property.  Every year, our lives change and every new year we ‘spring clean’ the clutter to make way for the new resolutions.  But more often than not there is one...

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