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Life dominated South Africa’s insurance market to be put under immense strain by COVID-19

08 July 2020 | General

South Africa’s top 10 insurers overwhelmingly depend on the life insurance sector for their premiums, which leaves them exposed to high claims as a result of the COVID-19 pandemic, according to GlobalData, a leading data and analytics company.

As work sites start to reopen, CFOs are concerned about the global economy and a potential new COVID-19 wave

30 June 2020 | General

As COVID-19 restrictions continue to lift in some countries while others remain in lockdown, PwC’s latest COVID-19 CFO Pulse Survey reveals that CFOs are most concerned about the effects of a global economic downturn (Africa: 51%; Global: 60%), the possibility of a new wave of infection (Africa: 39%; Global: 58%), and the financial impact on their businesses (Africa: 59%; Global: 47%).

Insurers will see take-up of cyber insurance rise following COVID-19

23 June 2020 | General

The rise in remote working due to the pandemic will increase the risk of cyber- attacks, and leave small businesses vulnerable, according to GlbalData, a leading data and analytics company. This presents a chance for insurance to improve penetration rate.

Upskilling your workforce should remain a key priority even in an uncertain world

18 June 2020 | General

Companies focused on expanding their employees’ skills and are ahead of their peers on the upskilling curve, are more optimistic about their future, according to research by PwC.

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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Coface Barometer Q2 2020 : From a massive shock to a diversified recovery

11 June 2020 | General

Global Peace Index: Global peacefulness falls with sustained rise in civil unrest in the last decade and is set to worsen as economic impact of COVID-19 takes hold

10 June 2020 | General

Life Insurance – demonstrating value in a post-pandemic economy

09 June 2020 | General

Euler Hermes Social Risk Index (SRI): South Africa vulnerable to social unrest

08 June 2020 | General

Allianz Global Pension Report 2020: South Africa ranks 41st

29 May 2020 | General

SA Households lost over R800 billion in real net wealth during Q12020

25 May 2020 | General

COVID-19 pushes global reinsurers farther out on thin ice; sector outlook revised to negative

19 May 2020 | General

Survey: The influence of service quality on perceived customer satisfaction and loyalty in South Africa’s insurance sector

11 May 2020 | General

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