Non-life / General

Tips for insuring ‘out of favour’ risks

Local businesses are turning to alternative risk transfer (ART) mechanisms as their brokers and underwriters encounter challenges in securing sufficient insurance capacity for global programmes, and struggle to find cover for risk types that are ‘out of favour’ among reinsurers.

Western Cape weather chaos: Are you physically and financially prepared for the aftermath of a disaster

The Western Cape recently struggled with a heavy bout of extreme weather from gale-force winds to fires, and from heavy rains to flooding, authorities issued high-level alerts and ended up closing down numerous roads and schools. Millions of rands of damage was wrought leaving many homes, vehicles, and infrastructure in disrepair.

Turning personal accident into opportunity

Brokers who are keen to add value to their commercial and individual clients will do well to consider including personal accident cover in their product suite. David Honeyman, Business Head: Accident & Health at SHA Specialist Underwriters reckons there are opportunities to improve personal accident and group personal accident penetration by working through intermediated distribution channels, and fine-tuning solutions for industries.

Super election year increases risks of political violence, warns Allianz