Non-life / Commercial

Fires on vessels still one of the biggest safety issues for shipping industry

Insurance risks on top of the 2022 business agenda

The unprecedented pace of technological innovation and resultant shifts in the operating environment - for organisations of all sizes - looks set to continue in 2022.

Insurers face serious risk due to rise in cyberscams

South Africa is seeing a rise in one of the most financially damaging online crimes, a type of digital scam known as business email compromise (BEC). This is according to Charl Berning, senior forensic manager at Hollard Insure, who says this poses a serious cyber risk for insurers and their customers.

SCA rules on BI indemnity period

On 7 October 2021, the Supreme Court of Appeal of South Africa (SCA) finally handed down its judgement to ‘cement’ legal certainty on the indemnity period applicable to pandemic-related contingent business interruption (CBI) covers underwritten by Santam. The judgement in Santam Limited v Ma-Afrika Hotels (Pty) Ltd & Another ended a months-long legal wrangle that first had to establish what constituted a valid claim under CBI covers issued by Santam’s Hospitality & Leisure division, and then determine the indemnity period that applied.