Non-life / General

Natcat figures for the first half of 2019

According to Natcat figures published by Munich RE, cyclones in Mozambique and India with high casualty numbers and losses in the billions of dollars, for the first half of 2019, once again illustrate the urgent need for improved resilience against the consequences of natural disasters.

Growing liability risks threaten business sustainability

The liability risks that South African businesses face as a result of possible product defects, are increasing by orders of magnitude with each passing year, and SHA’s Specialist Risk Review has revealed that as many as 21% of businesses have been faced with a product liability claim in the past five years. Nevertheless, many businesses are still not applying appropriate risk management measures against possible liabilities.

Employee injuries pose massive risks for businesses

Regardless of safety measures, the risk of an employee getting injured at work is ever-present in any business. Indeed, recent research by SHA Specialist Underwriters has shown that nearly a third of corporations had to deal with the serious injury or death of an employee because of a work related incident in the last three years. In spite of this, many businesses are still dangerously unprepared for the aftermath of an employee injury.

Protect Your Family Against the Financial Risk of an RDP House