Tag: risk mitigation

Risks such as heavy rain, flooding, hail, frost, drought and fire are by no means new to the South African agricultural sector, but due to the effects of climate change, they are increasing in frequency and severity. These risks are also becoming more unpredictable amid changing weather patterns, which complicates risk management efforts for farmers.

Both the role and value proposition of insurance advisers is changing as the insurance industry becomes more complex. Understanding the client’s risks and offering the most appropriate solution requires that insurance advisers are experts in their field.

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.

The events of 2020 have placed renewed importance on organisations’ ability to deal with widespread uncertainty, disruption and change. Modern organisations are faced with the daunting task of collecting, storing and analysing vast amounts of data and deriving insights from that data that inform decisions and lead to improved business outcomes.