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Jardine Lloyd Thompson acquires Eikos Risk Applications, South Africa

07 October 2015 | General

• Market-leading marine and transportation Risk and Insurance broking resources in South Africa • Acquisition adds scale to JLT South Africa and boosts JLT SA’s presence in Durban

Global accelerator Startupbootcamp Insurance partners with MMI Holdings to bring their FastTrack tour to South Africa

07 October 2015 | Momentum Metropolitan Holdings

MMI Holdings partners with Europe’s leading accelerator programme showcasing South Africa’s entrepreneurial talent in the global market. FastTrack is open to innovative early stage startups specialising in insurance.

The USD 1.3 trillion disaster protection gap: innovative insurance tools exist to support governments to be better prepared

07 October 2015 | Swiss Re

• Disaster risks are increasing but insurance hasn't kept pace: the estimated USD 1.3 trillion1 gap between insured and total losses remains stubbornly large, hampering a country's ability to recover • Governments are uniquely exposed as they typically shoulder the cost of relief and recovery and also pay for reconstruction of infrastructure • Uninsured losses following a catastrophe impact economic growth over several years, hampering a country's ability to bounce back • Innovative insurance solutions can help countries, cities and individuals preserve hard-won development gains, even in the face of major natural disasters and climate change but it's crucial to arrange them before disaster strikes • Governments increasingly use these solutions to manage their budgets and fiscal contingencies; successful examples can be found in many emerging markets as well as in OECD countries but more needs to be done

Going back to basics to increase financial soundness

07 October 2015 | Santam

The recent deterioration of the Rand against major currencies is creating a tough environment for short-term insurers as the costs of repairing vehicles increases dramatically. While this environment looks to be a predominant force for the immediate future, there are insurers who are able to find growth in tough conditions

quick poll

Question

Are financial advisers ready for the combined impact of COFI and AI?

Answer

Yes, fully prepared and already adapting Somewhat prepared, but still facing implementation challenges Not yet prepared, more time and support needed Unsure / still assessing the impact

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