News
Reinsurance Solutions Intermediary Services is growing all the time.
Take a look through our news articles for more on our latest client wins, new products and services, and exactly how we're helping Southern African insurance firms meet their customer obligations.
2022: slow growth, but recovery is in sight
January 24 2023 By Cameron Cupido 2022, cameron cupido, exec, insurance industry
Coming off the back of two difficult years for the insurance sector, it was hoped that 2022 would show signs of recovery, as markets around the world stabilised. While that has been the case to a large extent, growth has been slower than anticipated. Looking back, one of the highlights of the year was undoubtedly the chance to travel abroad again. In October I travelled to Europe for stakeholder meetings, and came to sincerely appreciate in-pe...
Read MoreAfrican reinsurance market seminar a resounding success
November 23 2022 By Reinsurance Solutions reinsurance, insurance, conference
Reinsurance Solutions, in collaboration with Swiss Re Africa, hosted a market seminar for the African reinsurance sector from 9 to 11 November 2022 in Mauritius. The seminar was incredibly well received by delegates, who travelled from across the continent to attend this important knowledge-sharing initiative. The seminar comes at a time when the reinsurance industry is facing a steadily hardening market, with inflation and prices across the b...
Read MoreCyber insurance: a solid growth prospect for global (re)insurance
November 14 2022 By Blessing Chiguye blessing chiguye, cyber security, cyber insurance
Cyber insurance offers significant growth potential for (re)insurers, as this risk becomes more prevalent the world over. In SHA's 2022 Specialist Risk Review of the views of 1040 South African business leaders across various sectors, respondents ranked cyber security third on the list of top threats, after power disruptions and labour matters. That is a fair estimation, given the context of South Africa's risk landscape over the past two years. ...
Read MoreCEO to CEO: International travel is not a nice-to-have, it's a necessity
November 01 2022 By Cameron Cupido travel, cameron cupido, exec
During the worldwide lockdown implemented as a result of the Covid-19 pandemic, international travel around the globe was all but shut down. Business travel was completely off the cards, and we had to adjust to talking to clients via screens. Having recently travelled to Europe for stakeholder meetings I can honestly say, there is no substitute for in-person engagement. Yes, the content of some of these meetings, like the impacts of the energy cr...
Read MoreBlessing Chiguye appointed Executive: Southern African & Lusophone Markets
August 16 2022 By Reinsurance Solutions blessing chiguye
Blessing Chiguye, a Regional Broker at Reinsurance Solutions Intermediary Services (RSIS), has been appointed to the position of Executive: Southern African & Lusophone Markets, effective 1 August 2022. Chiguye has extensive knowledge of the African reinsurance and insurance markets, specifically treaty design and structuring, and facultative reinsurance placements. He also has an excellent track record for building solid client relationships...
Read MoreIncreasing natural disasters necessitates new approach to CAT cover
August 01 2022 By Medgee Ithier medgee ithier, natural catastrophes, reinsurance, insurance
Incidences of natural catastrophes the world over are increasing year on year. One catastrophic modelling company predicts that catastrophe losses will double every decade. This is forcing insurers and reinsurers to relook at the way they model and underwrite these risks. Natural catastrophes are large-scale geological or meteorological events that have the potential to cause loss of life as well as damage to infrastructure and property. Natural ...
Read MoreProbabilistic modelling is only as good as the experts interpreting it
July 19 2022 By Thato Raboroko risk management, dfa modelling, analytics, thato raboroko, risk modelling
Sophisticated models and high-tech optimisation tools have become the order of the day for accurate risk modelling. But as precise as these carefully calculated predictions are, they mean little without the human element; that is, the expertise and knowledge that comes from years of experience, which is needed to match the right predictions to the right solutions. Predictive modelling is considered the industry standard, and no self-respecting (r...
Read MoreThe state of the riot wrap market in South Africa
June 01 2022 By Cameron Cupido pvt cover, reinsurance, insurance, cameron cupido, sasria, south africa
There has been a marked increase in demand for political violence and terrorism cover (PVT) from South African commercial clients following the riots and looting that rocked KwaZulu-Natal and Gauteng in July 2021. However, recent amendments by the state-owned South African Special Risks Insurance Association (Sasria) - the country's sole political riot insurer - have left a gaping hole in the cover available, forcing insurers to look to reinsurer...
Read MoreFlood risk modelling could have prepared us for the KZN floods
June 01 2022 By Thato Raboroko flood modelling, kzn floods 2022, thato roboroko, insurance analytics
South Africa is still reeling from the significant loss of life, and housing and infrastructural devastation, of the floods that rocked KwaZulu-Natal in April. The harsh reality is, this will happen again. Floods, wildfires, tropical cyclones and other climate change-related events have been increasing and will continue to increase in the future. Which begs the question - can risk modelling play a greater role in preparing communities for what's ...
Read MoreCEO to CEO: The challenge of leading the African division of a global multinational
May 30 2022 By Cameron Cupido
As a South African CEO navigating these challenging times, I wanted to reach out to other CEOs and share my personal insights around pressing issues, but also opportunities, in the hope this opens up dialogue around the current climate and topical matters impacting South African businesses. Africa is not a one-size-fits all market Being part of a multinational company operating in Africa comes with its perks: a pool of international talent and ...
Read MorePrimed for opportunity
December 07 2021 By Cameron Cupido yearend, 2021 review
'Opportunity does not wake up those that are asleep,' so the old Senegalese proverb goes. As an African company, we understand that all too well. If you are prepared, agile and alert to the prospect of opportunity, you will see it as it arises and be ready to take advantage of it. Despite another challenging year for all businesses maintaining operations during the pandemic, we at Reinsurance Solutions Intermediary Services have thrived. We adapt...
Read MoreRSIS partners with natural catastrophe specialists for best-in-class African risk modelling
October 27 2021 By Cameron Cupido cameron cupido, risk management, modelling, natural disasters
Reinsurance Solutions Intermediary Services (RSIS) has partnered with industry-leading specialists in natural catastrophe risk modelling to offer its insurance clients across the continent peace-of-mind reinsurance protection and risk management. The natural catastrophe perils covered by RSIS and its new partners include earthquake, flood, hail and cyclone, all modelled within the African context. These partners include Cat Risk Solutions, which ...
Read MoreSA insurers urged to look to African reinsurance brokers for profitable growth prospects
October 19 2021 By Reinsurance Solutions resinsurance, insurance, brokers, africa, opportunities, nicole lopes, blessing chiguye
The potential for growth in the African insurance sector is significant. South African insurers are well positioned to leverage their expertise across borders and maximise this robust growth opportunity. Participating in a recent Insurance Institute of South Africa webinar on the insurance opportunities in Africa, Reinsurance Solutions Intermediary Services (RSIS) Executive Head of Broking, Nicole Lopes, said the insurance penetration rate on the...
Read MoreCEO to CEO: Looking to Africa for business growth prospects
October 14 2021 By Cameron Cupido cameron cupido, ceo outlook, reinsurance, africa
As a South African CEO navigating these challenging times, I wanted to reach out to other CEOs and share my personal insights around pressing issues, but also opportunities, in the hope this opens up dialogue around the current climate and topical matters impacting South African businesses. African prospects for South African business growth Despite the economic slowdown as a result of the Covid-19 pandemic, all signs are that South Africa's more...
Read MoreStrike and riot cover in high demand by SA corporates
October 05 2021 By Cameron Cupido
Over the past two years, incidents of political violence, rioting, looting and civil unrest across Sub-Saharan Africa have grown both in frequency and severity, increasing demand for political violence and terrorism (PVT) cover. South Africa is no different; both corporates with operations here and those looking to expand into the rest of Africa are actively pursuing PVT insurance in a bid to mitigate this increasing risk. In 2015, the Global Ter...
Read MoreSouthern African facultative reinsurance: a golden opportunity for SA insurers
August 23 2021 By Blessing Chiguye blessing chiguye, reinsurance, fac inward, africa
The South African insurance market is all but saturated. Picking up new local business that steadily grows your books is difficult, and offers small wins at best. Naturally, South African insurers are looking for other ways to expand their businesses. The broader Southern African insurance sector represents an underexplored market, with significant opportunities for local insurers that are prepared to leave the comfort zone of the SA market and s...
Read MoreCEO to CEO: The challenges of leading during a pandemic
July 27 2021 By Cameron Cupido cameron cupido, covid-19
As a South African CEO navigating these difficult times, I wanted to reach out to other CEOs and share personal insights around this issue in the hope it might resonate and open up dialogue around the challenges we're all currently facing. A numbers guy Over the past 22 years that I have worked in insurance and reinsurance, my vision has always been to head up a powerful regional player in African reinsurance. Today, as CEO of Reinsurance Soluti...
Read MoreSmaller companies try harder
July 20 2021 By Cameron Cupido cameron cupido
Bigger equals better. That's the standard narrative of modern society. From our houses to our cars to our burgers, upsizing everything makes it better. When it comes to business, the same principle applies. Bigger firms have more staff and therefore more collective resources. They're able to offer greater numbers of products and solutions, and just by virtue of the fact that they're bigger, they're better at what they do. Linked to this is the id...
Read MoreOpportunities for marine underwriters in Southern Africa
June 24 2021 By Nicole Lopes marine insurance, reinsurance, africa, nicole lopes
The ocean is vital to the livelihoods of Africans. Whether subsistence fishermen or commercial fishing enterprises, importers or exporters, it plays a critical role in Africans' access to food, trade and income. This presents opportunities for marine underwriters that are prepared to invest in the continent and specifically, the Southern African region. Marine trade in Africa While a third of African countries are landlocked, maritime transit rem...
Read MoreNeed a new reinsurance broker? Here's what to look for
April 12 2021 By Cameron Cupido cameron cupido, reinsurance, reinsurance broker
'Not all brokers are created equal' might have been adapted from an old adage over the years for various sectors, including the insurance industry, but never has it been more appropriate than in the current climate and specifically, when trying to find a competent reinsurance broker. The fact is, reinsurance is a niche profession that requires a dedicated set of skills, significant experience and long-standing industry relationships to be truly e...
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