Technology has practically taken over in most spheres of existence – from business transacting to personal and everyday activities like shopping, staying in touch, as well as education – and insurance is definitely a sector that is not exempt from this ‘technological takeover’.
Building renovations can be the fast-track solution to add significant value to commercial and residential properties. Before anyone brings a contractor on site when planning improvements to a property (whether it is used for residential or commercial purposes), establish whether a Construction All-Risks insurance policy is required.
It is time to stabilise business and socio-economic activities in the wake of the dramatic and deep changes that have taken place over the past 18 months, according to Sharon Paterson, Chief Executive Officer of Infiniti Insurance Limited.
KPMG South Africa this week launched its annual South African Insurance Industry Survey for 2021. Forty non-life insurers, twenty-one life insurers and seven reinsurers were surveyed. The results indicate that the South African insurance industry has been invaluable to the economy, serving as a shock absorber and allowing many businesses to recover.
Entrepreneurs invest a lot of energy into getting their businesses off the ground and finding ways to differentiate themselves from their competitors. Unfortunately, due to time constraints, few put the same dedicated effort into finding the best insurance solution for their business. Every business is unique, and there is no guarantee that stock standard insurance solutions can cater to the day-to-day needs of every small-and-medium sized enterprise (SME).
From the Caribbean to the Far East, the increasing intensity of extreme weather events has once again thrust climate change to the forefront of public discussion. Just weeks ago, Hurricane Ida completely wrecked Louisiana’s electricity grid in the US, while both Greece and Siberia have struggled to contain wildfires that have had a crippling effect on their local infrastructure.
It has been over two months since the unprecedented chain of events transpired in KwaZulu-Natal and Gauteng that left businesses looted, destructed and others burnt. Work has been underway since then to address the damages incurred and assist businesses to start operating again.
During the month of September, many homeowners flock outdoors to enjoy the start of Spring; this may even result in a purchase of a plant or two for one’s garden. But if you are super rich, your love for the outdoors may culminate into spend of anything between R500 000 and R1 million on a single tree for your property.
Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za