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...
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 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...
Jul 19, 2024 | 2024, AI, insurance, insurance news, Latest Insurance Articles
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...
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...
