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Rich South Africans at risk of underinsurance

22 August 2017

While the concept of underinsurance is usually associated with low income earners, there are an increasing number of risks faced by wealthier South Africans that they are failing to insure for, resulting in potential losses running into hundreds of thousands of Rands.

Fires cost South African businesses millions annually

15 August 2017

South Africa loses millions of rand to fire each year. The past fire season has seen thousands of people displaced from their homes as a result of fires in the Knysna area while acres of vineyards were destroyed in the Western Cape in January, decimating revenues within the wine industry. The commercial and industrial sector has also taken a knock. Businesses and enterprise owners that provide jobs and manufacture commodities in the national economy affected by fire have all been hard hit - emphasising the acute need for proper prevention, protection and insurance cover against the risk of fires.

Most significant, most misunderstood risk

01 August 2017

Each year our attention is drawn to one of the most significant, most misunderstood risks that organisations face today, which is climate change.

Growing value of assets require expertise when insuring

26 July 2017

Despite tough economic times, South Africa’s luxury brand market totaled $2.3-billion (about R30-billion) last year, according to the New World Wealth and AfrAsia Bank study. While this extravagant spending represents a tiny percentage of the total population, the number of international brands entering the country, as well as the increasing availability of expensive electronic devices, means that the average value of consumers’ assets are also generally rising.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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