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The local entertainment sector grapples increasing risks

23 July 2018

• Cyber incidents and natural catastrophes are new emerging risks for the sector • Political risks and violence are increasingly becoming a concern for the industry • Embracing of new technologies led to the drop in risks emanating from artificial intelligence and nanotechnology

Insuring your business against cyber crime

18 July 2018

Last month’s hack at one of SA’s largest insurers has been a wakeup call for many local businesses that have maintained a fairly relaxed approach to cybersecurity. As the biggest SA breach to date, it dominated the headlines, but the reality is that cyber security issues have been creeping up on us for some time, with an increasing number of businesses having been victims of “ransomware” attacks. “It’s crucial for advisers to understand cyber risks, and how to insure against them,” said Bertus Visser, Chief Executive of Distribution at PSG Insure. “This is often easier said than done, however, as they are very different to traditional business risks, and the nature of cybercrime is continually evolving.”

Plant and machinery: Don’t let the unexpected derail your business

17 July 2018

Small, medium and micro enterprises (SMMEs) are the backbone of the South African economy. With an increased focus from government in driving support for emerging SMMEs, including the design of the infrastructure project rollout to favour up-and-coming contractors, there are big opportunities for emerging businesspeople to apply their entrepreneurial ability in the construction, earthmoving and related industries. Those who do so are well advised to consider insuring valuable plant and equipment – machinery which is exposed, daily, to intrinsic risks associated with these activities.

The risk of listeriosis continues to linger

16 July 2018

Emerging triggers are causing recalls of food products, reputational risk and brand disassociating, writes Catia Folgore, Product Recall expert at Allianz Global Corporate and Specialty (AGCS) Africa.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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