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Businesses to protect against commercial crimes

25 September 2014

The recently released 2013-14 crime statistics revealed that business robberies are steadily on the rise with a reported 13.7% increase – 461% higher now than it was in 2004/05. The report also revealed that an additional 2 238 armed attacks on businesses in had taken place in 2013/14 compared to the previous year.

The meaning of risk

25 September 2014

The meaning of risk is not quite as profound a question as the meaning of life, but is as perplexing.

Rising bad debt: Businesses urged to review risk management procedures

17 September 2014

The South African financial service industry’s reputation took a knock recently as a result of events such as African Bank being placed under curatorship after experiencing high levels of bad debts, as well as the downgrade of four of the largest banks by Moody’s. While risk management practices may have been in place within these businesses, these incidents highlight that even the most stringent procedures cannot protect a business against financial risks and liabilities should the warning signs be ignored by management.

Disruption - is the insurance industry ready for it?

17 September 2014

The short answer is the industry in general is absolutely not ready. The industry - both insurers and brokers - have had a tendency to be providers of product and not necessarily of solutions. This creates opportunities for other forces to create disruptive innovation in our own back yard. Leading from this, in terms of the insurance brokerage industry, I believe we face three key risks in the short to medium term.

quick poll

Question

Do you think short-term insurance broking will survive the AI plus humanoid robotics age?

Answer

Human first always Not a chance Possibly maybe Yes, but reimagined

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