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The adoption of new technologies in construction will fundamentally affect the risk landscape for engineering insurance, sigma study says

13 June 2018 | Swiss Re

• Global engineering insurance premiums for 2017 were estimated at around USD 21 billion, having stagnated in recent years • While London remains an important centre for construction-related insurance, increasingly engineering risks are underwritten from international hubs in Singapore, Dubai and Miami. Underwriting performance has deteriorated recently, with premium rates declining and claims rising in some construction sectors • New technologies could lead to significant improvements in efficiency including enhanced monitoring, mitigation and management of engineering-related risks. But they bring with them new risks such as cyber. • Urbanisation, the replacement of ageing infrastructure and development of renewable energy sources should promote construction spending and in turn demand for engineering insurance.

Fairtree Capital website safe and secure

12 June 2018 | General

The Financial Sector Conduct Authority (FSCA) issued a statement on the 5th of June 2018 warning the public to take caution when dealing with an entity purporting to be Fairtree Capital.

First South African Insurtech partner to join Plug and Play

08 June 2018 | Sanlam

Sanlam, a South African-based life insurance company, announced today its partnership with Plug and Play, the world’s largest global innovation platform headquartered in Silicon Valley. This is the first South African partner in the Plug and Play Insurtech program.