Tag: risk management

The insurance aspects of film production shouldn’t be left to chance and producers should consider the very diverse risks accompanying the development of movies or series. The role of commercial and film producers’ insurance cover is to protect the financial interests of the production funders against unfortunate events that may cause physical damage or delays resulting in a loss.

As South Africans prepare themselves for higher stages of load shedding in the coming colder months there remains a growing concern around the possibility of a total grid failure. A grid failure is described as a total or partial interruption or suspension of electrical power supply from the national, regional, municipal or private grid supplier resulting in widespread power outages.

To succeed in today’s economic environment, manufacturers must find new ways to create and capture value. But how do they do this when South Africa is currently facing a massive energy crisis, with load shedding impacting production and grinding their operations to a halt?

More than half of South African businesses were impacted by ransomware in 2022, according to a CSIR report on cybersecurity. If businesses don't implement adequate cybersecurity strategies, this percentage will increase as the country's reliance on digital technologies and the number of associated threats expand.

In previous years, insurance advisers may have been seen as the ‘middleman’. Often, they were regarded as a form of salesman, primarily selling clients insurance policies on their properties and possessions, as well as assisting them with the claims process.

New designated items listed as accountable institutions in Schedule 1 of the Financial Intelligence Centre Act (FICA) are urged to continue registering with the Financial Intelligence Centre (FIC) even after the deadline of close of business on Monday, 20 March 2023, to avoid being in non-compliance with the registration requirements.

Representing 75-80% of a portfolio, the core public equity and debt investments can drive the largest impact on positioning the whole portfolio on a path to meet whole portfolio climate objectives. Decarbonisation on a scale sufficient to reach global emissions-reduction targets will transform each sector of the global economy.

Insurance policies shouldn’t be seen as static agreements that are concluded as once-off arrangements. Instead, short-term insurance products are designed to evolve along with you and your family as your life takes shape, adapting to your changing needs.

Business travel is back with a bang – at least in South Africa – with business travel numbers exceeding 2019 levels. This according to a recent whitepaper, SME Travel Trends for 2023, that indicates that demand has returned a lot quicker and more aggressively than initially anticipated.

Which are the main factors driving the possibility that a company and its board of directors may be sued by investors or other stakeholder groups in 2023? A poor financial performance or even insolvency amid economic uncertainty and the prospect of a global recession, a lack of robust cyber security and governance processes, or an inadequate or non-compliant response to environmental, social and governance (ESG) issues are among the key risk trends in the Directors and Officers (D&O) insurance space