risk management Archives

24 Mar 2021

Risk-averse industry due to Covid-19 sees ASP Fire on an upward path

By Staff Writer

Its designation as an essential services provider during the Covid-19 pandemic resulted in ASP Fire attending to requests for assistance countrywide; from Tzaneen in the north to Pinetown in the East and Cape Town in the South. “ASP Fire has always maintained a strong service-based relation with its clients. This has resulted in a number...

02 Sep 2020

Risk intelligence the key to a sustainable future

By Staff Writer

Only by building risk intelligent organisations will leaders be able to overcome six distinct global threats identified by the Institute of Risk Management South Africa (IRMSA). This is according to Christopher Palm, IRMSA’s Chief Risk Advisor. “Leaders at the highest levels of the private and public sectors must embrace an enterprise-wide culture of integrated risk...

19 Aug 2020

COVID-19 has a positive spin for health and safety professionals

By Staff Writer

If any positives can be taken from the current COVID-19 pandemic, the prioritisation of professional health and safety standards in the workplace must rank highly among the most important ones. Suddenly risk management professionals’ voices are being heard. The professional services that they provide are being heeded and the recommendations being taken with the seriousness...

25 Jun 2020

How to ensure business agility in a pandemic

By Staff Writer

BY: Neil Birch, CEO at Novus Holdings Business agility is the capability of a business to respond quickly to a changing environment, whether it be internal or external. Qualities of agile businesses include being adaptive, flexible and creative in your response to change without losing momentum (remaining productive) or vision. A year ago, none of...

02 Mar 2020

How SMEs can use technology to succeed

By Staff Writer

Technology can greatly assist South African small to medium sized enterprises (SMEs) succeed in a difficult economic climate. In South Africa, SMEs are acknowledged as being instrumental in driving the country’s market economy and employment rates. With unemployment figures reaching 27.7 per cent last year and the economy forecasted to grow just under two percent,...

23 Jan 2020

Latest NOSA acquisition makes it a one stop shop for risk management

By Staff Writer

NOSA Group has closed the transaction to acquire QPRO and SAIGAS, the Assurance South African businesses of SAI Global, a recognised leading provider of integrated risk management solutions and assurance services.

10 Oct 2018

Mature companies need more than insurance to manage risk

By Janice Roberts

Risk management is perceived by most people as simply buying insurance. As a result, many companies take out insurance assuming they will be protected from the risks that they face, which is a rapidly eroding model that doesn’t take stock of risks that are in fact only partially or completely uninsurable.

23 Jan 2018

The high cost of supply chain glitches

By Staff Writer

Supply chain disruptions are widely regarded as one of the greatest risks facing manufacturers, and have become a top concern of global insurance providers.

05 Jul 2017

Cutting insurance in tough times will never justify recovery costs

By Janice Roberts

In tough economic climates – such as the recession South Africa finds itself in at the moment – households and small business owners may be tempted to reduce their short-term insurance, but the short-term savings may not justify the long-term cost of recovery in the event of a natural disaster.

12 Oct 2015

Intelligent design technology enhances fleet insurance

By Janice Roberts

Specialist cell captive insurance group, Guardrisk, offers a new technology that will ensure the best cover and peace of mind, when it comes to insuring company cars and fleet insurance.