May 31, 2024 | 2024, Cybersecurity and business, South Africa
South African firms are paying an average of R18 million to ransomware attackers and, following that action, it can take between one and six months for the business to recover fully from the attack. Further , South Africa is ranked fifth in the world when it comes to...
May 24, 2024 | Cyber Insurance, Cybersecurity and business
In the digital age, the escalating sophistication of cyber threats necessitates innovative solutions to mitigate financial losses. Cybersecurity insurance emerges as a crucial tool, offering protection against various cyber incidents such as data breaches, system...
May 17, 2024 | AI, insurance, insurance news
Despite higher inflation, interest rates and cost of living, the South African insurances market experienced a revival during the last two years, with the gross written premium across the local insurances market expected to show an annual growth rate of 5,14% from...
May 10, 2024 | Cybersecurity and business
Cyber incidents have emerged as the top risk faced by the hospitality, leisure, and tourism sector in 2024, according to the Allianz Risk Barometer. The report, based on insights from over 3,000 risk management professionals and business leaders, emphasizes the...
May 3, 2024 | 2024, AI, insurance, insurance news, Latest Insurance Articles
Artificial intelligence (AI) has been instrumental in shaping the insurance industry for the past few years and insurance providers have integrated AI models with established methodologies from the actuarial sciences to enhance risk analysis and streamline claim...
