Explore the Category

Insuring the wine industry - Mitigating fire and other risks in the South African wine industry

19 January 2017

The recent spate of fires in the winelands of the Western Cape has again brought the issue of the wine producer’s risk to the fore, with a number of wine farms being adversely affected. Shehnaz Somers, head of commercial underwriting at Santam said the company is still assessing the damage and loss as a result of fires spreading to well-known vineyards and guest farms in the winelands and surrounding areas over the past month.

Businesses encouraged to review their insurance policies with more wildfires expected

19 January 2017

In the past three weeks, fires throughout the Western Cape have destroyed several historical buildings, residential properties, businesses and farms. With claims now starting to flow in, according to insurers, the total cost of the damages are increasing on a daily basis. Latest figures estimate that the cost of the damages in the Somerset West region alone are already in excess of R100m.

Short term Insurance claim trends and unforeseen risks

16 January 2017

By nature, the short term insurance industry is a volatile one. To highlight the changes in the industry, would be to highlight the overall challenges that have affected the financial services industry as a whole.

Storing valuables in a bank safety deposit box still the safest option

13 January 2017

The recent heist at a FNB branch lead to hundreds of clients’ safety deposit boxes to be robbed on New Year’s evening. This incident has led consumers to query how safe bank vaults are and whether there are any insurance implications should their valuable items be stolen from the deposit box.

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

View the Results