Rishai Neerachand, Executive Head of Business Insurance at Miway, says many SMEs underestimate liability risks, warning that incidents involving third-party injury, property damage, defective products or professional advice can result in costly legal claims, making tailored liability cover an essential part of long-term business sustainability and growth.
Not All Insurance is Created Equal! The founding partners of Cross Country Insurance Consultants realised this and set out to create an insurance product specifically for the 4×4 market.
Santam has achieved Gross Written Premium (GWP) growth of 8% (2021: 5%) for the group’s conventional insurance business and a net underwriting margin of 5.1% (2021: 8%), for the year ended 31 December 2022.
The Hollard Highway Heroes competition has led to a big improvement in participating drivers’ road behaviour. Better driving, in turn, reduces risk and leads to safer roads. It also means lower fuel and maintenance costs, and fewer claims.
Unfortunately, insurers’ risk appetite to offer insurance in flood-prone areas is also reducing, so when undertaking a new build, always speak to your insurer or broker first
