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.
Improved risk management with RSIS
April 12 2021 By Thato Raboroko reinsurance, reinsurance broker, insurance, thato raboroko
RSIS licenses the actuarial modelling software, Risk Explorer. This cutting-edge software provides better, faster and continuous insights into corporate risks, allowing us to develop optimal solutions to maximise returns, and accurately assess reinsurance pricing to inform budgets and reinsurer negotiations. Risk Explorer also enables us to provide portfolio and dynamic financial analysis, as well as reinsurance benchmarking. Through this tool, a...
Read MoreCovid-19: what it taught reinsurers in planning for the next pandemic
March 21 2021 By Cameron Cupido covid-19, corona, insurance, reinsurance
As with every sector the world over, reinsurance felt the impact of the Covid-19 pandemic and subsequent global lockdowns in 2020. An unexpected event for which no one was fully prepared, Covid-19 saw the mass cancellation of events, and the overnight shutdown and scaling back of large industry and business operations, while the service industry all but ground to a halt. The result was a significant amount of cancellation refunds having to be iss...
Read MoreKidnap insurance now a necessity for multinationals in Southern Africa
February 09 2021 By Cameron Cupido kidnap insurance, insurance, reinsurance, africa
When one thinks of kidnapping for ransom, Hollywood movies instantly come to mind. After all, the big screen and the Americas is where such stories usually play out. But what about Africa? In 2003, kidnap-for-ransom statistics sat at 6% for Africa and the Middle East combined. By 2016, this figure had risen sharply to 44% - with Africa accounting for 34% of that total. This represented a 600% increase in just 13 years. According to data gathered ...
Read MoreAon Willis merger - a risk for the SA reinsurance market?
December 07 2020 By Cameron Cupido reinsurance, merger, aon, willis
It was with interest that I read Mark Geoghegan's assessment of the Aon Willis merger in his September column, The $72bn broker, on The Voice of Insurance (https://www.thevoiceofinsurance.com/post/the-72bn-broker). Geoghegan cites a number of areas where the joint manifesto - penned by Aon's Greg Case and Willis Towers Watson's John Haley - falls short. These include its unfathomable omission of any reference to its people, retaining and attracti...
Read MoreAnalytics software: the game changer reshaping reinsurance
November 05 2020 By Cameron Cupido
The global reinsurance industry as we knew it is no more. This sector is transforming not only the way it services insurance companies, but also in the size and nature of its service providers. Gone are the days where the sole objective of reinsurance brokers was to provide additional capacity to insurers - and then, only by the so-called big industry players. In a world where value provides a competitive edge and technology has become a key driv...
Read MoreThe pressing case for political violence and terrorism insurance for corporates in Southern Africa
October 06 2020 By Cameron Cupido
No business can ever say with certainty whether or not it will be safe from the threat of political violence or terrorism (PVT). Even seemingly innocuous businesses can unexpectedly find themselves on the receiving end of violent protests. This was certainly the case in September 2020 when Clicks became the target of protest action. A racist advert on the chain's website sparked violent protests by Economic Freedom Front (EFF) members that ultima...
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