Aug 30, 2024 | 2024, insurance, insurance news, Latest Insurance Articles, South Africa
South Africa’s general insurance industry is set to grow at a compound annual growth rate of 5.8% in the next four years, according to a forecast by GlobalData. The global analytics and data company predicted that the value of gross written premiums in the country...
Aug 23, 2024 | insurance, insurance news, South Africa
Climate change is posing the most significant threat to the sustainability of non-life insurers. This was one of the key takeouts from Soul Abraham, Chief Executive for Retail at Old Mutual Insure, who recently spoke at the African Insurance Exchange Conference. “The...
Aug 16, 2024 | Climate Change, insurance news, Latest Insurance Articles, South Africa
Old Mutual Insure welcomes the recent move by the Prudential Authority (PA) of South Africa to allow insurers to develop innovative weather index-based products. “We commend the PA for strengthening our nation’s resilience against climate catastrophes. By doing...
Aug 9, 2024 | 2024, insurance, insurance news, South Africa
Major changes are set to be made to South African insurance products as the Prudential Authority approved the launch of weather index-based products to mitigate against an insurance crisis due to climate change. South Africa’s insurance industry has come under...
Aug 2, 2024 | 2024, Cybersecurity and business, South Africa
Financial service providers are increasingly being targeted by hackers because they hold sensitive information about their clients. This data is indeed a rich treasure trove of information that can be used to commit fraud should it fall into the wrong hands. This is...
