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The Evolving Risk Landscape: Mitigating Supply Chain Disruptions in South Africa
The Current State of the Global Supply Chain In the landscape of interconnected global commerce, supply chains serve as the lifeblood that sustains the movement of goods and services across countries. However, unprecedented challenges serve as a threat to these intricate networks, disrupting the very foundation of global trade and economic stability. According to the…
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The Signature Approach to High-Net-Worth Insurance: Beyond the Call Centre
According to a report by Statista, South Africa is home to 37,800 high-net-worth individuals, who currently hold over 40% of the total private wealth in the country. Their unique lifestyles define this affluent market and demand exceptional coverage, where traditional approaches often fall short. This is where Signature Insurance comes in. A game-changer in the…
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The Role of Short-Term Insurance in Supporting South Africa’s Growing SME Sector
South Africa’s SMEs are the backbone of our nation’s economic growth, contributing significantly to job creation, innovation, and economic development. According to McKinsey, SMEs represent more than 98 percent of businesses, employing between 50 and 60 percent of the country’s workforce across all sectors, and are responsible for a quarter of job growth in the…
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Climate Change and Insurance: How South African Businesses Can Mitigate Risks
Climate change has cast a long and ominous shadow over the global landscape in recent years. According to this report, from Global Change Institute University of the Witwatersrand, in particular, stands at the forefront of this crisis, grappling with the alarming reality of warming at twice the global average rate. Startling statistics from Greenpeace further…
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Understanding Business Interruption Insurance in South Africa: What You Need to Know in 2024
No matter how meticulously we plan or prepare for unforeseen circumstances, undesirable events remain inevitable. This truth is particularly relevant for businesses, which often encounter challenges beyond their control which can disrupt their regular operations. In times of turbulence, having a robust risk management strategy becomes indispensable. One element of this should be an equally…
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