Non-life

Explosive growth in kidnap for ransom in South Africa

Do not get blamed for your client’s underinsurance woes

External factors such as inflation and the growing disconnect between residential property prices and construction costs could be costing you and your clients in more ways than you realise. If you fail to address this mystery issue, you and your clients could end up sharing a merry dance at one of South Africa’s pro-consumer ombud schemes, so pay close attention to what follows.

Insurers, reinsurers square up over billion dollar aircraft losses

Nothing better illustrates the complexities in 21st Century non-life insurance than the looming battle between Russia-based airline operators, Western aircraft lessors and their respective insurers and reinsurers. Today’s opening one-liner was inspired by a 30-minute presentation to the Norton Rose Fulbright 2024 Insurance Seminar. In it, an insurance law expert discussed a developing aviation lessor insurance claims debacle.

Land Bank Insurance Company urges emerging farmers to insure their operations

Land Bank Insurance Company is urging New Era (emerging) farmers to gain an understanding and appreciation of the importance of insuring their farming assets, as unforeseen events could have a catastrophic impact on their ability to continue farming.