Senior management views talent scarcity as serious risk

Senior management views talent scarcity as serious risk

Senior management views talent scarcity as serious risk

Organisations are facing up to the realities of shifting demographics and new technology in terms of accessing the right talent, with senior management viewing talent scarcity more acutely than HR professionals. The 2017 Global Talent Trends Study from Mercer states: “As the competition for talent continues to rise and business models are disrupted by technology and socio-demographic shifts, organisations are…

New partner for South African risk consultancy as ownership changes

New partner for South African risk consultancy as ownership changes

New partner for South African risk consultancy as ownership changes

CGF Research Institute has announced that Palmer Business Concepts (PBC) has bought 40% of the shares of the company and has appointed Jene’ Palmer, owner of PBC, as its chief financial officer. Ms Palmer is a chartered accountant (SA) who has not only garnered a wealth of experience in the corporate environment, but has also been a lead independent consultant…

Gauteng insurance councillor of the year named

Gauteng insurance councillor of the year named

Gauteng insurance councillor of the year named

The Insurance Institute of Gauteng (IIG) has announced that Olivia Smith has been named  Councillor of the Year at their presidential inaugural event. This is the second year in a row she has received the award for the work she does as head of marketing for IIG on a voluntary basis. Former president of IIG Tracy McLaughlin said: “I was…

Investors close to easier arbitration as South Africa falls into line with more than 70 other countries

Investors close to easier arbitration as South Africa falls into line with more than 70 other countries

Investors close to easier arbitration as South Africa falls into line with more than 70 other countries

The South African government is expected to enact the International Arbitration Bill in the coming weeks, after agreeing a Bill late last year. Kwadwo Sarkodie, partner in the construction and engineering practice of the London office of Mayer Brown, said the Bill would make it much easier for investors doing business in the country, if they come into dispute. He…

South Africa’s Twin Peaks regulation under scrutiny

South Africa’s Twin Peaks regulation under scrutiny

South Africa’s Twin Peaks regulation under scrutiny

  Commercial Risk Africa attended a consumer-focused discussion on the impact of South Africa’s ‘Twin Peaks’ model of financial regulation on banks, insurers, pension funds and other financial services providers and their customers. The discussion – held under the ‘Sowetan Dialogues’ banner – was facilitated by Tim Modise, who quizzed senior representatives from government, the regulator and the banks on…

Time for women in risk to stand up and be counted

Time for women in risk to stand up and be counted

Time for women in risk to stand up and be counted

International Women’s Day 2017 was celebrated last week, and women in risk management were no exception. The UK’s Institute of Risk Management (IRM), which includes a chapter in Kenya as well as in South Africa, celebrated the global event by highlighting the role of women in risk. The institute comments: “While it may not be easy to predict what tomorrow’s…

Successful risk management keeps southern African insurance stakeholders in profit

Successful risk management keeps southern African insurance stakeholders in profit

Successful risk management keeps southern African insurance stakeholders in profit

  It is not easy to measure the size of insurance markets in southern Africa. Even in South Africa, which boasts among the best financial systems in the world, analysts have to rely on dated figures from the sector regulator, the Financial Services Board (FSB). What is known is that South Africa is the dominant short-term insurance market in the…

South African insurer grows premium but loses out on investment income thanks to forex strains

South African insurer grows premium but loses out on investment income thanks to forex strains

South African insurer grows premium but loses out on investment income thanks to forex strains

South Africa’s largest short-term insurer, Santam (JSE: SNT), announced full-year results on 2 March, for the 12 months ended 31 December 2016. In a year described as “a return to normal following an exceptional 2015”, the insurer grew its gross written premium (GWP) by 7% to R25.9bn. The reported net underwriting margin of 6.4% was nowhere near as good as…

Allianz appoints travel and assistance manager

Allianz appoints travel and assistance manager

Allianz appoints travel and assistance manager

Allianz Global Assistance has appointed Sharon Molotlegi as travel and assistance manager. Based in Johannesburg, Ms Molotlegi brings significant experience to the role, enabling her to manage and grow the portfolio across the continent. Allianz Global Assistance has offices in 34 countries and insures 21 million customers annually. All travel and assistance insurance in South Africa is underwritten by Allianz…

Marine insurance faces skills shortage challenge

Marine insurance faces skills shortage challenge

Marine insurance faces skills shortage challenge

The biggest challenge facing the marine insurance industry today is the lack of skills, according to one South African underwriter. Adriaan Bester, manager: marine, Lion of Africa Insurance, warned: “There is a shortage of skilled marine staff entering and confining in the marine insurance industry which creates a cause for concern. This ‘inexperience’ not only increases competitive levels unnecessarily, but…

1 2 3 14