Mar 14, 2025 | cyber, Cyber Crime, Cyber Insurance, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News, South Africa
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...
Mar 7, 2025 | cyber, Cyber Crime, Cybersecurity and business, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News
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...
Feb 7, 2025 | cyber, Cyber Crime, Cyber Insurance, Cybersecurity and business, insurance, insurance news, South Africa
The average cost of a data breach in South Africa rose to R53,1-million in 2024, a 10% increase from 2023, according to research by IBM. Cyberattacks are also becoming more frequent and, according to a recent article titled Unmasking cyber threats in Africa, local...
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...
