Following analysis of the wide-ranging and interrelated risks that have emerged from the crisis in “Ukraine: A conflict that changed the world” - today Lloyd’s and Aon publish: ‘The (re)insurance industry response’.

Attie Blaauw, Head of Personal Lines Underwriting at Santam explains that policyholders must thoroughly understand the difference between accidental loss or damage to property versus gradual wear and tear which is typically not covered by insurance and require regular maintenance by the policyholder.

Hollard Insure, the short-term insurance arm of the Hollard Insurance Company Ltd, South Africa’s largest independent insurer, has appointed company veteran Pierre Geyer as its new Managing Executive: Regions and Trucking.

The warnings of the Intergovernmental Panel on Climate Change’s Sixth Assessment Report (AR6) (August 2021) could not be clearer: climate change is a code red for humanity and system-wide action is needed to limit the irreversible impacts of climate change.

Insurer King Price says it has settled more than R21 million in claims in the past 14 months alone due to damages sustained through power surges and dips, most of which were caused by loadshedding – and it expects this figure to rise as the country veers between high stages of loadshedding territory again.

The South African Insurance Association (SAIA) appointed Thusang Mahlangu as Deputy Chairperson of their Board of Directors at their meeting held in September 2022. Thusang is the Chief Executive Officer of Allianz Group’s industrial insurer, Allianz Global Corporate & Specialty (AGCS) in South Africa and has been serving on the SAIA Board since 2019.