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News | Archive: 2020

Aon Willis merger - a risk for the SA reinsurance market?

December 07 2020 By Cameron Cupido reinsurance, merger, aon, willis

It was with interest that I read Mark Geoghegan's assessment of the Aon Willis merger in his September column, The $72bn broker, on The Voice of Insurance (https://www.thevoiceofinsurance.com/post/the-72bn-broker). Geoghegan cites a number of areas where the joint manifesto - penned by Aon's Greg Case and Willis Towers Watson's John Haley - falls short. These include its unfathomable omission of any reference to its people, retaining and attracti...

Analytics software: the game changer reshaping reinsurance

November 05 2020 By Cameron Cupido

The global reinsurance industry as we knew it is no more. This sector is transforming not only the way it services insurance companies, but also in the size and nature of its service providers. Gone are the days where the sole objective of reinsurance brokers was to provide additional capacity to insurers - and then, only by the so-called big industry players. In a world where value provides a competitive edge and technology has become a key driv...

The pressing case for political violence and terrorism insurance for corporates in Southern Africa

October 06 2020 By Cameron Cupido

No business can ever say with certainty whether or not it will be safe from the threat of political violence or terrorism (PVT). Even seemingly innocuous businesses can unexpectedly find themselves on the receiving end of violent protests. This was certainly the case in September 2020 when Clicks became the target of protest action. A racist advert on the chain's website sparked violent protests by Economic Freedom Front (EFF) members that ultima...