Lloyd’s CEO John Neal to leave in 2025
“Since appointing John as CEO in 2018, he has made a tremendous contribution to Lloyd’s. Today we see…
“Liability risks are significant. The hard costs involved, as well as the extensive reputational damage could bring a business to its knees. Therefore, business owners need to think above and beyond the cost of covering the third party’s immediate medical expenses," says Thabo Twalo, Chief Underwriting…
“Since appointing John as CEO in 2018, he has made a tremendous contribution to Lloyd’s. Today we see…
“Given the complexities, insurance advisers play an important role in helping businesses choose the right…
“We are pleased to welcome Portugal ASF as a signatory to the MMoU. As we have experienced over the past…
The IAIS says it undertakes a robust assessment of the comprehensive and consistent implementation of…
As the year moves into its twilight months, 2025 begins to loom over us, and the insurance industry is no exception. Driven by evolving customer needs, technological advances, and regulatory shifts, the upcoming year is set for some shaking up.
Assupol understands that the introduction of the two-pot system can be overwhelming and that is why they…
"Business Interruption cover should be integrated into a holistic approach to protect the business, recognising…
"We invest heavily in culture, talent development and creating an effective workforce. Our culture is a key differentiator that helps us attract and retain talent. I would describe it as inclusive, diverse, safe, caring, supportive, fun and client centric. We want our staff to feel inspired, appreciated…
"A good leader should set a vision for people, so that the employees feel part of something bigger than…
"I first joined Standard Bank in 1995 and have since then held several executive positions including…
A career in insurance is probably the best-kept secret. I started my career in 1998 in a postroom in…
"I feel very fortunate to have had the opportunity to work in a diverse range of roles over the last…
"There is so much jargon surrounding the industry, from waiting periods, penalties, exclusions, limitations of pre-existing conditions to application of formularies, preferred providers, and tariff codes, to name a few," says Reo Botes is Managing Executive of Essential Employee Benefits.
“Medical expenses can quickly escalate beyond what standard medical aid covers. This is where gap cover…
"While the 2024 Transformation Report reflects consistent progress over the past six years, we must also…
“Getting ahead of the possibility of the disease is always the best option. And I would advise regular…
"The AI Coach is central to our commitment to democratise financial access across the continent. By providing…
“Electricity volumes are expected to rise by 2% annually, reversing decades of stagnation, while costs to consumers are projected to decrease, providing a strong and stable return profile for investors,” says Portfolio Manager Brian Arcese.
"Asian markets have also been remarkably dynamic, with fresh developments from China emerging almost…
"One of the standout benefits of AMETFs is accessibility. As exchange-traded products, they can be bought…
"When market sentiment is low, asset prices tend to follow suit and creates a ripe environment for long-term…
"Creating lasting wealth to pass down for generations to come can seem an overwhelming task. But taking…
“One record-breaking high after another - the consequences are devastating. The destructive forces of climate change are becoming increasingly evident, as backed up by science. Societies need to prepare for more severe weather catastrophes," commented Thomas Blunck, Member of the Board of Management,…
"Much of this increasing loss burden results from value concentration in urban areas, economic growth,…
"Enhancing the overall resilience of the Group has been a key priority for the management team. With…
“It’s important to remember that education is one of the best investments you can make in your child’s future. Planning, prioritising, and creativity can help you start the school year right, and set your child up to succeed, without breaking the bank,” says Sarah Nicholson, Operations Manager, JustMoney.co.za.
"I’ve asked our actuaries to do the sums. And they illustrate how hard it will be to make up for the…
"Financial discipline is important, especially during the last few weeks of the year – It is the basis…
"We are pleased to partner with Money Fellows to enhance their market offerings and competitiveness, while supporting the company's expansion into new markets in the Middle East and Africa," says Dr. Reda Helal, Group Managing Director, Processing, Africa & Co-Head Group Processing at Network International.
“It’s important to remember that education is one of the best investments you can make in your child’s…
"The Bank's intervention will also benefit micro-enterprises focused on road maintenance, enabling infrastructure…
"As businesses navigate an increasingly complex risk landscape, it is essential to broaden the focus beyond economic risks. 2024 is on track to be the warmest year on record, and so the escalating impacts of climate change must not be ignored.," says Peter Giger, Group Chief Risk Officer, Zurich Insurance…
"Our nine-month results confirm the continued strong momentum across all of Zurich’s businesses. In P&C,…
"As I move forward as CEO, I intend to place a firm focus on developing and driving our growth strategy,…
"The insurance industry is one such industry where we have seen organisations rapidly adapt to meet changing…
“The majority of leaders are aware of the advantages that AI can bring, especially when it comes to managing…
"Several factors have caused the global energy landscape to shift dramatically in recent years—with the post-pandemic recovery, geopolitical tensions and climate challenges being among them—and these have made Africa's energy poverty more poignant," says Pedro Omontuemhen, PwC Africa Oil and Gas Leader.
"The sentiment in global financial markets has been notably more favourable towards South Africa since…
"A significant driver behind this increase is the rise in energy use, driven by factors such as the energy…
"As at 30 June 2024, the FSCA has said it had approved a further 63 licence applications, bringing the number of licensed CASPs in South Africa to 138. The total number of applications received to date is 383, of which five have been declined," announced the Financial Services Conduct Authority (FSCA).
"While aggregate systemic risk scores increased slightly at year-end 2023, the interim GME analysis found…
“Comments received in response to the 2023 public consultation helped enhance the ICS design, which is now almost…
"South Africa's legislative landscape is marked by conflicts and inconsistencies that can hinder effective governance and the successful implementation of public-private partnerships. Addressing these issues requires a concerted effort to harmonise legislation, improve clarity in regulatory frameworks,…
"Regular check-ins after a withdrawal are essential. These conversations allow us to continuously update…
"Living longer should be celebrated, but it also requires us to approach retirement planning differently.…
Municipal infrastructure in South Africa is under significant strain, as the country continues to face the dual challenge of ageing systems and a growing population, leaving local governments grappling with essential service delivery, especially in water, energy, and sanitation. While the outlook remains…
"Rather than attempting to be 'everything to everyone', successful managers focus on presenting a targeted…
"Treasury highlights elevated fiscal risks, including potentially lower revenue growth from economic…
"In gas markets, Iran is a significant producer, but it is not major exporter of gas. Unlike the oil market, there is little or no spare capacity in global gas markets right now. The big players in the region are Qatar and the UAE whose combined exports comprise around 20% of global liquified natural…
"In gas markets, Iran is a significant producer, but it is not major exporter of gas. Unlike the oil…
"The escalation of the Middle East conflict, now involving fighting against Hezbollah in Southern Lebanon,…
"The escalation of the Middle East conflict, now involving fighting against Hezbollah in Southern Lebanon,…
"Interest rate risk and high breakeven levels combined with concerns that crop and livestock prices could…
Insurance Biz is a New Africa Busines News Services (NABNS) publication launched in 2013 to focus on the insurance industry, investments, financial planning, employee benefits etc. It remains a great resource of news for industry professionals, and for those who seek to learn about the financial sector developments.
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