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.

Aon has launched a *Tax Risk Insurance solution that protects you or your business if you are selected for a SARS tax audit, or if there is a dispute with SARS about an unfair re-assessment in terms of which SARS is demanding additional taxes

To assist consumers, businesses and policyholders, Santam Head of Personal Lines Underwriting Attie Blaauw has shared the following insights to the below questions:

It is highly recommended that tourism operators consider broad-form liability cover, which protects the business and its employees against third-party claims, including claims related to poor service.

According to a ranking published recently by Insuramore for the global commercial P&C (non-life) insurance market, 145 insurer (carrier / underwriter) groups had GDPW in this category of more than USD 1 billion in 2021.