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Cyber attack rattles real estate firm Pam Golding
South Africa-based real estate company Pam Golding is scrambling to contain a cyber attack it recently suffered. Yesterday, the company announced it had experienced a “cyber incident” that resulted in unauthorised access to some of the personal information stored on...
Brokers pay attention: this is cyber’s leading emerging risk
One hot risk factor isn't getting the attention it deserves One of cyber’s biggest risks may be being overlooked: third-party risk was a key factor in cyber insurance claims and financial losses in 2024, according to new data from cyber risk solutions company...
SA’s insurance industry to hit R200 billion by 2028 as disasters, cyber crimes take their toll.
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...
The heat is on: Weather index-based products a game-changer in dealing with loss events.
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 so,...
Partnering, AI can help combat insurance fraud.
Partnering is vital for insurers to ensure they are able to effectively combat fraud. This is one of the messages to come out of the Insurance Crime Bureau (ICB) conference, held under the theme of “Breaking Barriers & Building Bridges for the Future”. It saw more...