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Major attacks like the NotPetya malware incident have been a wake-up call for the shipping sector, creating a renewed urgency around tackling the threats posed to vessels and supply chains, as well as prompting an increasing interest in cyber insurance. At the same time, new regulations will exacerbate the fall-out from any future failure. More information on the Safety and Shipping Review 2018.
If there was a fire nearby your home, would you know what to do? If the river adjacent to you started flooding, what immediate actions would you take?
June signalled a year since the Great Knysna Fire when a runaway tornado of flames tore through the Sedgefield-Knysna-Plettenberg Bay area. As one of the most disastrous fires in the country in a century it took lives, razed commercial plantations and caused damage to properties and infrastructure. A thousand firefighters from all over the country descended on the hamlet and its surrounds to bring the blaze under control.
In terms of international trade, South Africa plays a very important role in connecting the westerns parts of the world with the eastern parts. This has been a significant driver in South Africa taking a position of prominence when it comes to maritime trade.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?