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The importance of Fleet Insurance for your business
South Africa has some of the highest rates of uninsured vehicles in the world. It is estimated that up to 70% of the vehicles on South African roads are not insured. This is particularly concerning, especially in the commercial sector, where accidents involving commercial vehicles can have serious consequences. Businesses that own or operate a…
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Cybercrime is on the rise: Is your business properly insured?
Cybercrime is on the rise, with many businesses falling victim to cyberattacks. South Africa currently has the 6th highest rates of cybercrime in the world. With incidents ranging from data breaches, phishing scams to ransomware attacks, is your business safe? It’s important for businesses to take the necessary steps to protect themselves from cyberattacks. One…
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Insurers in South Africa add Grid Collapse Clauses to Policies
Over the past year, South Africa has been hit with the worst load shedding the country has ever faced. The frequency and severity of load shedding has sparked concerns around a total grid collapse. A grid collapse is a systemic risk insurers cannot protect their clients from. To safeguard themselves, many South African insurers have…
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RBS Academy Launches to Address Skills Shortage and Drive Transformation in the South African Insurance Industry
The insurance industry in South Africa has faced significant challenges in recent years, including an ageing workforce, a lack of diversity and transformation, and a shortage of skilled workers. These challenges have resulted in difficulties meeting the increasing demand for personnel, particularly in leadership positions. “We have wrestled with the skills shortage in the financial…
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Unlocking Greater Tax Efficiency: Why Partnering with a B-BBEE Level 1 Insurance Broker is the Way Forward
Broad-based black economic empowerment (B-BBEE) is a central part of the South African Government’s transformation strategy. B-BBEE is a crucial consideration for any company operating in South Africa, and is even relevant to private sector businesses that don’t sell goods or services to the government. These private sector businesses might have customers who have to…
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