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FANews
The Stage
Five flags to plan your future by … with thanks to scenario planner, Clem Sunter

Each New Year presents opportunities for you to reflect on your life and work situation and write down goals and objectives for the coming year or years; but it can prove challenging to do so in times of uncertainty. Circa 2022 the world faces innumerable problems, not least of which climate change, pandemic and political tensions between China and Russia on the one hand, and Western-styled democracies on the other. Pandemic has been particularly disruptive, with all of us seeking out workarounds for lockdown restrictions and adapting to the consequent work-from-home trend. You should pay close attention to global developments because South Africa’s future is inextricably linked with that of the rest of the world.

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Straight Talk
Pay attention to the risk environment, or live to regret it

A thorough understanding of the global risk environment is necessary for firms operating in today’s competitive marketplace. Even small and mid-size, domestically-focused firms can get a jump on competitors by staying up to date on the dominant themes keeping the leadership teams at global multinational corporations up at night. The Global Risks Report 2022 (GRR), published annually by the World Economic Forum (WEF), offers a comprehensive assessment of prevailing risk sentiment. This year’s report was compiled with assistance from Marsh McLennan, SK Group and Zurich Insurance Group.

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Featured story
Riot insurance cover to soar by up to 1736%

The cost of insuring a heavy commercial vehicle (HCV) against loss or damage due to civil commotion, riots, strikes and terrorism could soar by as much as 1736% as South Africa’s special risks insurer sets about rebuilding its balance sheet after a horrific 2021. This according to Sasria SOC Limited’s 2022 rate renewal schedule, which is likely to go ahead from 1 February 2022 with minimal changes to those published early this year.

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Opportunities and challenges in the funeral space
Opportunities and challenges in the funeral space

The widespread adoption of funeral policies illustrates how an appropriately designed product can address financial market issues, such as access and affordability.

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CPD - Let's make it easier
CPD - Let's make it easier

There are many CPD providers, all giving you a different experience and a variety of options to ensure that you get your CPD hours. Complete this survey and stand a change to win a R500 Takealot voucher.

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Quick Polls

QUESTION

Are you shocked by Sasria’s 2022 rate increases, or is it expected given the sheer scale of the July 2021 rioting plus the ongoing increase in frequency and severity of protest losses?

ANSWER

Yes, I am shocked and so will my clients be shocked
No, it was expected
fanews magazine
FAnews November 2021 Get the latest issue of FAnews

This month's headlines

New proposals to amend PPRs have major impact
The untold truth about intermediary agreements
Rethinking claims
Tik-Tok: The clock is ticking on SA’s R45 billion unclaimed benefits bomb
Medical schemes’ average increases for 2022
Disability claims aggregation
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