The past six months have been a serious challenge to most business models and no less so the world of the broker. Although the broker model has evolved immensely over the past decade, face to face …
Avoiding Insurance Fraud
Digital detection spells jail time for insurance scammers By: Christelle Colman, insurance Expert at Old Mutual Insure The Insurance Crime Bureau estimates that in 2019 up to 20% of the R35 …
Modelling man-made risk: Beirut’s wake-up call
By: Hollard Marine Sea ports are exposed to a wide range of ever-changing risks. The catastrophic explosion in August in Beirut, Lebanon, killed 190 people, injured about 6 500 and …
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Insurers need to move beyond risk and protection
By: Cornel Schoeman, Chief Operating Officer of GENRIC Insurance Company Limited Consumers demand more monetised value and digital convenience. Until recently, traditional insurance models have …
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How Covid-19 is changing claims trends and risk exposures
By: Allianz AGCS report: traditional property and liability claims have been subdued during lockdowns but this was more than outweighed by a surge in Covid-19 related claims notifications, …
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Pandemics, climate change, cyber: Better preparation needed
By: Munich Re Globalisation has made the consequences of catastrophes more extreme Pandemics: Accumulation risk for insurers – State-backed pools required Increase in cyber attacks during …
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