Non-life / General

Brokers brace for higher strike, riot and civil commotion covers

You do not need to remind South Africans what happens when citizens take their unhappiness to the streets. In July 2021, civil commotion and looting incidents in parts of Gauteng and KwaZulu-Natal caused over R50 billion in economic losses, the brunt of which were carried by the country’s state-owned special risks insurer, Sasria SOC Limited.

Brokers must lead the charge

Brokers and corporate risk managers are increasingly finding themselves at the frontline of the battle against evolving cyber threats. These risk professionals, aided by insurers and reinsurers, are being challenged to find innovative ways to mitigate against and transfer the potential losses attaching to one of the most misunderstood exposures facing 21st Century businesses.

It is windy season, when the winds blow, will your insurance cover hold?

South Africans know to expect a lingering chill in the air and powerful winds sweeping across the country as August arrives.

SA’s emerging agriculture risks