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Tony Webster

Product Recall and Contamination Insurance

Recent high-profile product recalls have focused an uncomfortable spotlight on failures of product safety and contamination prevention processes, highlighting the need for comprehensive risk management and insurance to manage the onerous reputational, financial and legal repercussions of a large-scale product recall. “Product recall and contamination insurance is relatively commonplace among most large commercial and multinational […]

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Gideon Galloway, CEO of King Price

King Price celebrates 2,190 days as local royalty

R100 million in decreasing premiums given back to clients, R1 insurance for some of their favourite things, and savvy protection against online bad guys all might seem normal now, but only 6 years ago, no bit of this was true. This June, King Price has 6 years under its belt, and an entire royal treasure […]

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The implications of driving an uninsured vehicle

Motorists have been warned to brace themselves for another massive hike in the petrol price next week, which may result in the fuel price breaking the R15 a litre barrier for the first time. Hannes van Rensburg, a member of the Short-term Insurance Committee of the Actuarial Society of South Africa (ASSA), predicts that this […]

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Hannes Smith

Staying vigilant could save you from becoming a victim of crime

South Africans have been experiencing a spate of criminal activity over many years. However, over the past couple of months, there has been a marked increase in unfamiliar and novel crimes such as car jamming and a new trend called “apple picking”, which sees criminals target iPhone users in parking lots and restaurants. However, besides […]

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travelinsurea

PSG Insure acquires Airborne Insurance Consultants

On 1 May 2018, PSG Insure aviation team acquired Airborne Insurance Consultants, Africa’s fastest-growing independent aviation insurance specialists. PSG Insure’s aviation team, under the management of our aviation specialist advisory office run by Reon Wiese, forms part of PSG Konsult, which is listed on the Johannesburg and Namibia stock exchanges. It is made up of […]

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Adrian Gore

Discovery launches Business Insurance

Discovery today announced the launch of Discovery Business Insurance – a new type of shared value insurance focused on building better and “healthier” businesses. Businesses today face a range of constantly evolving, complex and often intangible risks, driven by the pace of technological change. Businesses continue to face physical risks such as property damage, but […]

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Wheat field

Crop insurance firm cuts risk for South African farmers

A start-up using satellite imagery to substantially cut crop insurance costs for South African smallholder farmers is to receive a major boost from global social impact programme Expo Live, run by organisers of the next World Expo, Expo 2020 Dubai. More than 90 per cent of smallholder farmers in South Africa do not carry adequate […]

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Seelan Naidoo

Engineering, construction and real estate industries’ 2018 risks

The Allianz Risk Barometer 2018 reveals that risks of storms, earthquakes and floods are a top concern for businesses operating in the engineering, construction and real estate industries. Business interruption risks at 40% are in #2, showing a steady increase from 2017. Fire, explosion is a new emerging threat at #3 with 29%, which is […]

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