Allianz Commercial proudly sponsored the IIWC and IIKZN Gala Dinners in November 2024, fostering relationships and industry growth. With themes celebrating global journeys and Arabian Nights, these prestigious events united hundreds of insurance professionals across Cape Town and Durban.

Year-end fatigue and festive distractions heighten businesses' vulnerability to Business Email Compromise (BEC) scams. By fostering cybersecurity awareness, enforcing verification protocols, implementing robust email security, and securing insurance like Allianz’s Commercial Crime Policy, companies can safeguard against this growing threat.

Gauteng faces a critical water crisis as Rand Water warns of potential depletion this summer. Riskonet Africa urges businesses to act now by reviewing risk exposures and insurance coverages.

A recent webinar hosted by SIGCyber of IITPSA emphasised the importance of Third Party Risk Management (TPRM) for mitigating cyber and broader business risks. Experts highlighted that managing third-party risks, beyond just cybersecurity, is essential for protecting sensitive information, reducing reputational, legal, and financial risks, and improving overall security.

The agriculture sector is vital for economic growth. It contributes 3% to GDP, supports 941,000 jobs, and generated US$13.2 billion in export revenue in 2023 – South Africa produces 10% of the global citrus production. But climate-induced changing weather patterns threaten the outlook for certain crop yields in 2024.

Andrew Aubin, Aon South Africa's regional GM for the coastal region, highlights the escalating challenges faced by small businesses in South Africa due to economic pressures, crime, and geopolitical uncertainties.