Insuring cyber risk:
Not for the faint
Cyber risk is one of those areas that requires quite varied expertise to manage and insure. The challenge is that brokers must advise their clients on risks that are so complicated and have so many facets,
that the risk to the broker is massive.
However, with brokers increasingly taking up their role as risk advisers, they will need to develop the relevant skills, even
if it is just the skill of using cyber risk professionals to ensure their advice is sound.
Cybercrime changes daily and the technology that people and business use is getting more sophisticated by the
day. How do brokers then advise their clients without exposing themselves? Big thank you to our contributors for their participation in this feature where we unpack the the risks and share suggestions on how to protect clients.
Look out for our Cyber Risk E-book, where we will host several more opinion pieces which we could not fit into the magazine.
Enjoy the read
#Knowledgeshared
Cyber Risk
- The importance of device and connectivity management
Ross Hickey, Founder and CEO of Trinity IoT - Why Cyber Security Insurance is Crucial for Risk Mitigation
Philippa Wild, Head: Commercial Underwriting at Santam - Little confidence in dealing with cyber-attacks
Spiros Fatouros, CEO, Marsh Africa - Vigilance needed to mitigate risk of costly cyberattacks Ryan van de Coolwijk, Product Head: Cyber at iTOO Special Risks
- Six ways CFOs can stay ahead of hackers
Ryan Mer, CEO at eftsure Africa Global - Why aren’t more SMEs taking cybersecurity seriously?
Carey van Vlaanderen, Chief Executive Officer, ESET South AfricaLaunch - ‘Working from anywhere means threats are everywhere’ George Parrott, the commercial partner at King Price
- Cyber breaches put businesses at risk for major losses Lana Ross, Chief Operating Officer of Discovery Business Insurance
#Knowledgeshared
Financial Planning
- How intermediaries can protect vulnerable clients
Alfred Banda, Risk Specialist at Sanlam Individual Life - Does long-term investment planning have a place in an ever-changing world?
Khanyi Nzukuma, Chief Executive at Glacier by Sanlam - Memories of exchange controls still haunt local investors
By Brandon Naidoo, Lead Specialist: Investment Proposition, Liberty - Unclaimed benefits – is the retirement fund industry doing enough?
Jeanine Astrup, a consulting actuary representing the Actuarial Society of South Africa - The real cost of grief without proper estate planning Jeffrey Wiseman, CEO of Momentum Trust
- Growing the long-term insurance industry in times of economic downturn
Schalk Malan – CEO, BrightRock - Advice imperatives and the lingering impact of covid Ashona Singh, Risk Specialist at Sanlam Individual Life
- Ten top tips on the planned two-pot system for retirement savings
Joon Chong, Partner from Webber Wentzel - NetcarePlus GapCare offers more healthcare options NetcarePlus GapCare
#Knowledgeshared
Short- Term
- More to vehicle insurance than what you drive and where you live
Netstar - Tech trends bring new risks for insurers
Jan-Hendrik Botha – Head of Underwriting at Western - How to mitigate climate-change related risks?
Karen Rimmer, Head: Distribution of PSG Insure - Bringing innovation to life with LAUNCHPAD
Herman Schoeman, CEO of Guardrisk and Xolani Nxanga, Insurtech Lead, LAUNCHPAD - Managing short-term insurance adverse trends Wilma van der Walt, Executive for Customer Experience and Operations at PPS Short-Term Insurance
- The role of loss adjusters in the evolving insurance industry
Candace Jooma, claims manager, Mirabilis - Building our future through education Bonny Loureiro, GM of RITE, chats to us about Renasa’s passion for primary education.
#Knowledgeshared
Technology
- Reimagining financial advice in a data rich world Jacques Coetzer, General Manager of Strategy & Transformation at SanlamConnect
- Thriving in the Digital Age of Insurance
Alfred Banda, Risk Specialist at Sanlam Individual Life - Don’t let your customers pay for your bad tech
Craig Olivier, Co-CEO, Genasys Technologies - The need for empathetic customer experience
Wimpie van Der Merwe (CEO, Global Choices) - Speed To Market in the Insurance Industry Wayne Toms, CEO, GhostDraft
- Reengineering the customers journey to improve the industry image, trust, and confidence Tavio Roxo,Co-Founder & CEO of OWLS Software
Our contributors for September.
Ashona Singh
Brandon Naidoo
Jeffrey wiseman
Xolani Nxanga
