Cloud-based policy administration
HARARE, The imminent arrival of two Microsoft data centres in South Africa has put renewed focus on the importance of the cloud. But how can insurers benefit from this environment and embrace the opportunities it unlocks? Claudette Steynberg, product manager at SilverBridge takes a closer look.
“Digital transformation has become a key talking point in boardrooms
Subscribing to lower rates with autonomous vehicles – the future of car insurance
HARARE, Up until the first four-wheeled petrol-driven vehicle was introduced by Frederick Bremer in the late 1800s, travel within the UK had heavily depended on traditional methods, such as horse and carriage. But this was all turned upside-down just before the turn of the century – bringing with it the first auto
Moore Stephens and BDO lift the lid on mega merger
“I thank the partners and staff of Moore Stephens LLP London for their contribution, as they prepare to leave the wider Moore Stephens UK business and a global organisation which is in good health.”
Those were the words of Moore Stephens International global chief executive Anton Colella after it was revealed that Moore Stephens LLP is in advanced
Revealed: what will drive insurance on during slowing global economic growth
HARARE, Emerging Asia will be the region that will drive the insurance industry amid solid but slowing global economic growth over the next two years, according to research from Swiss Re.
According to a report by the Swiss Re Institute, titled ‘Global economic and insurance outlook 2020’, the still-positive economic
Liberty Mutual announces new broker-friendly distribution model
HARARE, Global property and casualty insurance giant Liberty Mutualhas announced a new distribution model for its commercial insurance operation, Global Risk Solutions (GRS).
The new structure enables brokers and buyers to enjoy easier access to the full suite of GRS primary and specialty commercial insurance products across the
Policy administration is a fundamental business function for any insurer. The stakes are high in ensuring consistent customer service delivery across the operational value chain; failure could result in complaints being lodged with the ombudsman, reputational damage, and ultimately the loss of business. Angelique Strumpher, Administration Manager at SilverBridge, examines how outsourcing can help
Compiled by Insurance24
HARARE, Thanks largely to its property-casualty business, major insurer Allianz enjoyed a 20.6% rise in operating profit in the third quarter of 2018.
From €2.5 billion in the same period last year, the group’s operating profit climbed to €3 billion, with the Germany-headquartered firm citing factors such as strong premium growth and lower natural catastrophe claims.
Cybersecurity lessons: understanding the risks of ransomware
HARARE, It was Cybersecurity Awareness Month in October and as we edge into November it is still the perfect opportunity to discuss the growing development of cyber risk with the public and commercial world.
According to the latest World Economic Forum Global Risks Report 2018, cyberattacks are perceived as the global risk of highest concern
Insurance industry set for pricing shake-up? Fitch says ‘yes‘
HARARE, With the recent announcement of a review on how insurers set their prices, is a change in pricing on the cards?
Yesterday, the Financial Conduct Authority (FCA) launched a study that will examine claims that general insurance (GI) firms have been overcharging loyal policyholders. The final report will be published
Compiled by Insurance24
HARARE, Ed Broking Group will soon have a new owner.
The company has just announced that it has reached an agreement to be acquired by BGC Partners, Inc – a global brokerage and financial technology company. The acquisition is subject to a number of conditions and regulatory approvals.
As part of the agreement, a subsidiary of BGC will acquire 100% of Ed – that includes