Zurich shares lessons from extreme weather events: what disasters teach us about resilience

By Insurance24—HARARE

Risk-awareness and knowledge are the first steps in mitigating the impact of disasters.

• Extreme weather events are among the most likely causes of disasters
• Every dollar spent on disaster resilience saves five dollars in future losses
• Post-Event Review Capability analysis helps to identify opportunities to reduce risk and build      long-term resilience

With that in mind, Zurich Insurance Group (Zurich) is sharing what it has learned about how individuals, businesses and communities can increase

Policy administration in the cloud

Compiled by Insurance24

HARARE,  The move towards the cloud has seen insurers rethink their approach to not only solution development but also policy administration. Increasingly, ‘as a service’ is becoming pervasive in the industry. Claudette Steynberg, product manager at SilverBridge, takes a closer look.

“Despite initial scepticism around the benefits (and longevity) of the cloud, insurers

Using the cloud for tailored insurance solutions

Compiled by Insurance24

HARARE -With global public cloud services revenueexpected to have reached $260 billion at the end of last year, there is no arguing the fact that cloud hosted solutions will be a key driver for growth in the future. Patrick Ashton, managing executive at the SilverBridge

Sanlam posts satisfactory operational performance in first four months of 2018

By Insurance24

HARARE,  The Sanlam Group today announced a satisfactory operational performance for the four months ended 30 April 2018. This was achieved despite the challenging operating conditions in many markets in which the Group operates.

Sanlam, which celebrates 100 years this Friday, June 8, attributed the performance to its well-diversified profile.

Some of the key features from the first

The complexities of cyber liability in the hotel industry…

Complied by Insurance24

HARARE, Hotels and resorts hold significant cyber liabilities because of the nature of their business. They handle huge amounts of personal identifiable and other sensitive information, including: names, dates of birth, passport details, occupations, as well as debit or credit card details – and that’s just

New ISO Program Targets Home Healthcare Insurance Market

Compiled by Insurance24

Harare, ISO has launched a new home healthcare program that provides coverage and ratings for insurers covering the home healthcare market. ISO is a Verisk business.

The aging population is one factor in the significant expansion of home healthcare in the United States. The U.S. Census Bureau projects that the over-65

European Commission proposes changes to insurance rules

Compiled by Insurance24

HARARE, The Motor Insurance Directive may be set for an overhaul, if changes proposed by the European Commission pass through.
The Commission, which is the executive of the European Union, has put forward a proposal aimed at strengthening EU rules on motor insurance.
Announcing the proposed changes and signaling

Brace yourself for big insurance hikes says official

Compiled by Insurance24

HARARE,  An insurance industry leader believes that Obamacare premiums will see “substantial” increases next year.

Blue Cross Blue Shield Association vice-president Kris Haltmeyer said that the premium increases are a result of the GOP’s tax bill last December, which repealed Obamacare’s individual mandate. He also

The opportunity cost of insurance compliance

Compiled by Insurance24

HARARE, Regulatory compliance is a must for any South African business operating in the insurance market. The cost of operational compliance and risk management is substantial and is incurred across the business value chain which includes technology infrastructure, human capital, and professional services to mention a few. According

Insurance agencies aren’t doing enough to attract millennials

Compiled by Insurance24

HARARE, Work-life balance, opportunities for advancement, and a stable career path – who wouldn’t want to land a job with these qualities? And yet, millennials are still not entering the insurance industry in the numbers needed to replace a retiring workforce.

“It’s a great field, but I really don’t