Non-life

Latest food recall by McCain underscores the importance of recall insurance cover

The recent spate of high-profile recalls of food products should not be a matter of concern for the public but should reassure consumers that the standards of food production quality remain very high in South Africa.

Embedding is the future of motor insurance

Consumer behaviour is changing; from music to movies to asset ownership, the buzzword these days is subscription. Driven largely by the millennial and Gen Z generations, the emphasis is now on access to, rather than ownership of, assets.

Allianz Risk Barometer 2022: Pandemic outbreak tops hospitality, leisure and tourism industry risks

The value you sell to your clients

The latest results from South Africa’s largest non-life insurer suggest that all is well in the world of commercial and personal lines insurance, with the firm reporting a 5% increase in gross written premiums, to R32.7 billion, and an 8% net underwriting margin from its conventional insurance business last year. This strong performance contributed to a near-tripling in headline earnings, from 905c/share in 2020 to 2495c/share, though this is off a low base. One of the most heartening bullets contained in the report highlighted the ongoing sustainability of the business, with the insurer’s economic capital coverage ratio safely within its 150-170% target range, at 169%.