Non-life / Commercial

Insurance risk to R3bn worth of assets reduced using IoT technology

IoT hardware and software provider IoT.nxt with partner Gilela Business Innovations developed a fire control panel monitoring solution, now live at 25 sites across South Africa, that improves the protection of R3bn worth of insured assets.

Business interruption insurance cover hinges on policy wordings

Despite early court rulings in favour of policyholders, some businesses with COVID-19-related losses will not have business interruption cover in terms of the Financial Conduct Authority (FCA) test case determined in the United Kingdom (UK) at the end of last month.

Trends affecting Professional Indemnity cover

No professional relishes the thought of making a mistake or being accused of being negligent in the execution of their professional duties.

5 Steps to reducing transport risk