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Call for legislation to prevent unfair performance bond call-ups in construction sector

20 August 2013

While the provision of and reliance upon on-demand performance bonds remains prevalent within the local construction and engineering sectors, recent statistics released by Performance and Customs Bond Services (PCBS), a specialist guarantee construction U

Growth in luxury brands in SA calls for specialised insurance

13 August 2013

Global consultancy Bain has predicted a 20% to 30% growth in the luxury brands market in South Africa over the next five years indicating the increased buying power in the country. However, owners of luxury brand items may be at an increased risk of under

Incurred but not enough reported - Why short term insurers should set IBNER claims reserves

05 August 2013

According to Patrick Ndururi, executive head: actuarial services at Centriq Insurance, “it is in insurers’ best interest to hold extra reserves for IBNER (Incurred But Not Enough Reported) claims until the proposed SAM (Solvency and Assessment Management)

AIG’s CyberEdge app keeps clients ahead of the liability curve

25 July 2013

While there is little doubt that prevention is always better than cure, particularly when it comes to the matter of corporate security threats, complete prevention is simply not possible. In those instances where something does make it through a company’s

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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