No images? Click here
https://cover.cmail19.com/t/d-e-ejhlkkk-tuxkulyjy-a/ Share Mindshift
with a colleague
https://cover.forwardtomyfriend.com/d-tuxkulyjy-E0F23179-ejhlkkk-l-f
Subscribe [https://www.cover.co.za/mindshift] "Insights to feed your
career: A Deep Dive into Diverse Topics Shaping Financial Services and
insurance, today and into the future" In today's newsletter we delve
into pressing topics shaping global insurance landscapes and risk
management strategies. Don't miss our professional perspective's where
we explore the safety of commercial shipping, scrutinizing recent
incidents and their implications for supply chains, presented by
Allianz's Captain Rahul Khanna. Then, we uncover insights from Swiss
Re Institute's report on the surge in insured losses due to natural
catastrophes, underscoring the urgency for climate action. Finally,
Schalk Fischer of TransUnion South Africa sheds light on South
Africa's cost-of-living crisis and its impact on insurance trends,
offering valuable perspectives for insurers navigating challenging
economic climates. Grow engagement & drive traffic to your brand
through COVER Marketplace Leverage COVER's decades of insurance
knowledge and brand building acumen to showcase your company. ✉️
Email us [mailto:brent@cover.co.za]to find out how you can grow your
brand #KnowledgeShared #BrandBuilding PROFESSIONAL PERSPECTIVES Data
Insights Help to Ensure Growth for Insurers as Consumers Cut Spending
Schalk Fischer, Insurance Vertical Sales Leader at TransUnion South
Africa, discusses South Africa's cost-of-living crisis impacting
disposable income, with a 14-year low recorded. Insurers face
challenges as insurance becomes a discretionary cost, leading to
cancellation trends, declining enquiries, and premium increases for
financial stability. Read Article
[https://magazine.cover.co.za/april-2024-edition/data-insights-help-to-ensure-growth-for-insurers-as-consumers-cut-spending/]
An In-Depth Look at the Baltimore Bridge Collapse Allianz's Captain
Rahul Khanna delves into the safety of commercial shipping, post the
Francis Scott Key Bridge collapse. While rare, incidents raise
concerns amid increasing vessel sizes. Implications extend to supply
chains and insurance, spotlighting challenges in maritime
infrastructure and regulation. Read Article
[https://magazine.cover.co.za/april-2024-edition/an-in-depth-look-at-the-baltimore-bridge-collapse/]
New record of 142 natural catastrophes accumulates to USD 108 billion
insured losses in 2023 Swiss Re Institute's latest report reveals
2023's natural catastrophes, with USD 108 billion in insured losses,
driven by earthquakes, storms, and floods. With a 5–7% annual growth
in losses since 1994, urgent climate action is needed for mitigation
and adaptation. Read Article
[https://magazine.cover.co.za/april-2024-edition/new-record-of-142-natural-catastrophes-accumulates-to-usd-108-billion-insured-losses-in-2023/]
Quote of the week IT in the Financial Services sector has rapidly come
out of the back room to occupy the forefront of operations at banks,
asset managers and insurers as they escalate digital transformations
to meet customer expectations. - Guy Krige, Executive Risk Consultant
at ESCROWSURE READ OUR LATEST EDITION OF COVER April 2024 Edition
Doing business in South Africa is challenging due to high crime, poor
basic services, and slow economic growth, exacerbating unemployment.
The insurance industry safeguards against unforeseen events, fostering
small business sustainability and prosperity. Insurers also bear a
social responsibility to expand comprehensive coverage, especially for
SMMEs, as highlighted in our SMME feature in this edition. DOWNLOAD IT
HERE [http://www.cover.co.za/magazines/april-2024-edition] TRENDING
NEWS Compound Interest and The Rule of 72 Roné Swanepoel, Head of
Sales at Morningstar South Africa who shares insights on Compound
Interest and The Rule of 72, painting a compelling picture of the
importance of saving, and in particular, saving early on. - Read
Article
[http://www.cover.co.za/news/compound-interest-and-the-rule-of-72]
Local investors face dilemma as momentous SA and US elections prompt
wait-and-see response From the looming threats of a formation of a
coalition government with some calling that a sign of a maturing
democracy to trump calling for the end of the Bidenomics and the
reintroduction of the Maganomics, all these political dribbling’s
are expected to have a marked impact on our markets. So where does
this leave asset managers? - Read Article
[http://www.cover.co.za/news/local-investors-face-dilemma-as-momentous-sa-and-us-elections-prompt-wait-and-see-response]
Who let the CATs out? The sheer number of weather-related catastrophes
over the past few years, and last year in particular, has shaken the
foundation of the insurance market, signalling a looming crisis. Can
insurance still be counted on to pick up the pieces when things fall
apart? The ominous rumblings of climate change have reached the
insurance industry's doorstep, and the forecast is troubling. - Read
Article [http://www.cover.co.za/news/who-let-the-cats-out] Are you
covered against the risk of civil unrest? South Africa remains
challenged from a socio-economic perspective, with low economic
growth, high unemployment, and rampant inequality. A knock-on impact
of this is that the risk of strikes, riots and other forms of unrest
unfortunately cannot be ignored. Karen Rimmer of PSG Insure,
emphasizes the fact that commercial insurers do not usually cover
these risks. - Read Article
[http://www.cover.co.za/news/are-you-covered-against-the-risk-of-civil-unrest]
The IISA is now a Chartered Insurance Institute affiliated institute
The IISA is delighted to announce the successful renewal of our
affiliation status with CII affiliated institute. As a Chartered
professional body of more than a century’s standing, the CII –
supported by its Societies – grants Chartered titles to individuals
and organisations that meet a strict qualifying criterion. - Read
Article
[http://www.cover.co.za/news/the-iisa-is-now-a-chartered-insurance-institute-affiliated-institute]
Motor Body Repair sector welcomes first set of graduates The first
cohort of 22 graduates were honoured this year following a three-year
artisan development programme at the C3 Auto Body Repair Academy in
Bloemfontein, in partnership with motor body repairers in Bloemfontein
and Johannesburg, where learners followed a rigorous on the job
programme. - Read Article
[http://www.cover.co.za/news/motor-body-repair-sector-welcomes-first-set-of-graduates]
Insurance in numbers The Insurances market in South Africa is
projected to reach a gross written premium of US$82.07bn in 2024. The
market is dominated by Life insurances, with a projected market volume
of US$52.59bn in the same year. On average, individuals in South
Africa are expected to spend US$1.35k per capita on insurance in 2024.
Share https://cover.cmail19.com/t/d-fb-ejhlkkk-tuxkulyjy-z/ Tweet
https://cover.cmail19.com/t/d-tw-ejhlkkk-tuxkulyjy-v/ Share
[https://cover.cmail19.com/t/d-li-ejhlkkk-tuxkulyjy-jl/] Forward
https://cover.forwardtomyfriend.com/d-tuxkulyjy-E0F23179-ejhlkkk-l-e
COVER Magazine | 25 Harbour Heights Drive, Simons Town, 7975 You are
receiving this communication as a subscriber to COVER or as a member
of one of the associations we partner with to provide their members
with expert industry updates. Preferences
https://cover.updatemyprofile.com/d-ejhlkkk-E0F23179-tuxkulyjy-s |
Unsubscribe https://cover.cmail19.com/t/d-u-ejhlkkk-tuxkulyjy-yd/