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In South Africa, unfair dismissal events make up around 80% of the cases at the Commission for Conciliation, Mediation and Arbitration (CCMA) each year, with almost 700 cases being referred to the CCMA every day. This staggeringly high caseload highlights the importance for all local businesses to have effective labour dispute insurance in place.
A tough underwriting cycle, which started in 2012, continued to affect the industry in 2013 and has also left its mark in 2014. According to Paul Carrager, Managing Director of Compass, the industry also needs to come to terms with a few other challenges before it can move forward.
The recent 5.5 magnitude earthquake that struck the North West Province, and other looming natural disasters like storms, hail, droughts and floods, demand that the South African insurance industry better understands how to react to disaster recovery through fund management.
Following the spate of brazen armed robberies at shopping malls in the Western Cape and Gauteng over the past few months – and with the busy holiday season just around the corner – leading short-term insurer Santam provides some tips on how to stay safe when out shopping.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?