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Sasria's grid failure cover retraction signals shift in South Africa's insurance landscape

15 May 2023

Sasria SOC Ltd.’s recent retraction of a notice, which initially stated that it would not cover claims resulting from civil unrest following grid failure, highlights a significant development in South Africa's risk management and insurance landscape according to leading risk consultancy Riskonet Africa.

Tough economic conditions are fuelling commercial crime in SA

10 May 2023

Commercial crime is on the rise in South Africa, as many people seek to maintain their lavish lifestyles amid tough economic conditions, meaning that businesses need to be particularly vigilant and give serious consideration to protecting themselves against these risks.

The art of ‘sweating your assets' to grow your wealth

10 May 2023

Individuals and families who are in the wealth creation phase of their financial lifecycle may be missing out on opportunities to increase their net worth by failing to unlock the full potential of their assets.

Financially savvy moms: Time-tested tips for building wealth and security

10 May 2023

As we observe Mothers’ Day this coming weekend, it's important to recognise the major influence that mothers have in helping us form value systems in life. Our mothers often play a crucial role in shaping our approach to various aspects of life, including our attitudes towards money.

quick poll

Question

What do you believe will be the biggest challenge when the COFI framework is finally implemented?

Answer

The cost and complexity of relicensing Demonstrating customer outcomes through data and reporting Embedding a customer-first culture across the business Aligning existing compliance frameworks with COFI requirements

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