Vehicle owners are being hit hard with thefts of valuables from parked cars as car jamming gangs targets shopping centres and schools in the northern suburbs. A report on the front page of the Star newspaper (25 Jan) says a dramatic shootout unfolded at Bryanston Parallel Medium Primary School between police officers and a man …. »
The Financial Services Board (FSB) published the proposed Binder Regulations on Friday, 22 August 2011 for public comment (by 5 September) after some two and a half years of debate. Following a few minor subsequent amendments, the regulations have now been passed effective from the beginning of 2012. The explanatory memorandum to the regulations confirms …. »
Insurance forms an essential element of a combined strategy to tackle food security, but that insurance has to be effective and risk assessment needs to be knowledgeable and thorough. Conventional methods of insurance often fail to answer to the constantly changing needs of the dynamic agricultural sector. Specific cover for specific needs is what clients …. »
The Ombudsman for Short-term Insurance would like to caution consumers purchasing insurance cover from insurers to satisfy themselves prior to inception of any contract, that the policy offered by the insurer covers their specific risk needs and not to be fooled into purchasing insurance products because they offer a low premium. It is well known …. »
COVER interviewed Nick Swart, Etana’s divisional MD of Construction, Engineering and Guarantees. COVER: Why has this become such a highly competitive environment lately? Is this owing to an increase in players? In recent years, especially leading up to the World Cup, there has been a lot of building happening in South Africa, which has resulted …. »
Dave Jack, BnBSure. There seems to be an idea amongst certain sectors of the insurance industry that risks in the tourism industry are like any other and can be underwritten on the same basis as any other risk – the one-size-fits-all concept. Nothing could be further from the truth. This particular industry is unique and, as …. »
It is to be regarded as highly unfortunate that the Engineering Insurance Sector in South Africa lost its prominence, its important foothold and beneficial role within the greater insurance industry. Why unfortunate? Because of great and greater opportunities lost! Consider the following: In 2011, can the local insurance sector provide 100% capacity for all mega-projects …. »
Is the CPA the final word on product liability? Donald Dinnie, Director, Deneys Reitz Residual Common Law product liability claims Our common law acknowledges that physical or financial harm to others by producing or distributing a defective product is actionable. Our law has no difficulty in providing a remedy to persons who are harmed physically …. »
Distribution costs have a huge impact on the price of insurance products to the consumer impacting on the viability on certain products. Hence, many insurers turned to more innovative ways (multi-product, multi-channel distribution models or alternative distribution strategies) to realise cost efficiencies in distribution and to access target markets in more remote areas. Benefits realised …. »
The recent ruling by the Ombudsman for Short-Term Insurance in favor of an insurer, described in their annual newsletter as follows, reflects the need for owners of art and collectibles to buy specialist cover. As a specialist insurer, our products are tailored to understand the collectors’ needs and are interpreted in such a way. The …. »
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