Recent crime statistics reveal that Commercial Crime is a rapidly growing risk for organisations in South Africa, yet many businesses are caught unprepared when an incident is discovered or when it is suspected that some…
Conduit to work with the Prudential Authority to expedite the recapitalisation of Constantia Insurance Co Limited
August 1, 2022
Conduit Capital’s Constantia Insurance Group is a cash-generative, profitable group of insurance companies, with sufficient resources to meet policyholder claims. Policyholders are not at risk from the decision by the Prudential Authority. Constantia is close…
Santam, South Africa’s largest short-term insurer, has warned that clients could, over the next couple of weeks, and possibly months, experience delays in the repair of damaged motor vehicles due to a global shortage in…
Bryte Insurance Company Limited (Bryte), the proactive insurance risk specialist, has launched a new transactional website focused on its travel business. South Africa continues to see a significant increase in international travel, with international departures…
Blue Ocean Underwriting Managers Pty Ltd Blue Ocean is an independent FSP that is 100% black owned and managed. The company is 51% owned by founders and management, Winston Skosana, Peter Maphike and Pelaelo Moloi….
Minimising losses ahead of Day Zero
July 20, 2022
Lizo Mnguni, spokesperson for Old Mutual Insure The Eastern Cape has been plagued by persistent drought, forcing some areas to turn to water shedding and rationing. For the Nelson Mandela Bay Metro, the region’s worst…
Fire, faulty workmanship, and natural catastrophes top causes of insurance claims for business in South Africa
July 19, 2022
Allianz A fire at a busy warehouse leaves a company struggling to replace its buffer stock; a ransomware attack paralyzes a company’s IT systems; the use of industrial adhesives in manufacturing results in a costly…
PwC Despite South African insurers’ best efforts to leverage advanced campaign content to steer consumer sentiment on social media in a more positive direction, the claims process remains a major pain point for customers across…
