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Gauteng flood chaos

23 March 2018

Mandy Barrett of insurance brokerage and risk advisors, Aon South Africa, says the damage wrought across the country over the last few months and years highlights just how vulnerable we are to the changing weather patterns and climate change. General consensus from meteorologists is that climate change is having a massive impact on property losses, and South Africa should brace for a new normal of abnormally heavy rain and hail storms, powerful winds and on the opposite extreme - drought conditions in many regions,” says Mandy.

The value of advice in ensuring customers are adequately insured

23 March 2018

Buying motor insurance is often a grudge purchase. Therefore, when customers opt in, it is essential that their risks are evaluated correctly and their premiums calculated accordingly, so that they are adequately insured and can be delighted at claim stage.

Allianz artificial intelligence report : Rise of the robots brings huge benefits for businesses, but also creates new loss and liability scenarios

22 March 2018

• AI-based applications will increase vulnerability of businesses to cyber-attacks and technical failure, leading to larger-scale disruption and loss scenarios • Companies face liability challenges as responsibility shifts from human to machine and manufacturer. New framework needed to manage rise in AI-generated damages • Risk management can help maximize the net benefits of AI. Five areas are crucial for identifying threats: software accessibility, safety, accountability, liability and ethics • Insurance industry is an early adopter of AI applications to automate repetitive processes, boost risk analysis and improve customer interaction