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South Africa’s roads are 10% safer this year, according to Discovery Insure Driving Challenge statistics

17 September 2015 | Motor

The Discovery Insure Driving Challenge made its debut in 2014 and is back this year with even better results than last year. Discovery Insure reports a 10.5% overall improvement in driving behaviour in 2015 compared to 2014. With 1.24 million deaths per year on the world’s roads, it is clear that innovative technologies which make people more aware of their driving behaviour can make an important impact on safety.

Mitigating areas of weakness to prevent wrongful acts

10 September 2015 | General

Sir Isaac Newton once remarked that, “If I have seen further, it is by standing on the shoulders of giants”. This is similar to Winston Churchill’s expression that, “the further back you look, the further forward you are likely to see”.

Weaker Rand impacts insurance and could lead to premium increases

09 September 2015 | General

With the South African Rand recently dropping to its lowest level since 2011 having lost about 18% of its value against the US this year alone, the cost of items purchased or imported from overseas has actually risen. In light of this, it is vital for consumers who own and regularly purchase imported goods to consider the implications of the weak value of our local currency on the insured value of their items.

Businesses must prepare for new generation of cyber risks

08 September 2015 | General

• Allianz report highlights that cyber risks are evolving far beyond privacy or reputational issues. • Global cyber insurance market forecast to grow to over $20 billion by 2025. • Interconnectivity of devices and businesses drives new risk exposures with business interruption a key vulnerability, and catastrophic scenarios a possibility. • Complexity of risk means businesses need to develop a cyber-security culture with different stakeholders sharing risk management knowledge.

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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