News
Reinsurance Solutions Intermediary Services is growing all the time.
Take a look through our news articles for more on our latest client wins, new products and services, and exactly how we're helping Southern African insurance firms meet their customer obligations.
News | Archive: 2021
Primed for opportunity
December 07 2021 By Cameron Cupido yearend, 2021 review
'Opportunity does not wake up those that are asleep,' so the old Senegalese proverb goes. As an African company, we understand that all too well. If you are prepared, agile and alert to the prospect of opportunity, you will see it as it arises and be ready to take advantage of it. Despite another challenging year for all businesses maintaining operations during the pandemic, we at Reinsurance Solutions Intermediary Services have thrived. We adapt...
Read MoreRSIS partners with natural catastrophe specialists for best-in-class African risk modelling
October 27 2021 By Cameron Cupido cameron cupido, risk management, modelling, natural disasters
Reinsurance Solutions Intermediary Services (RSIS) has partnered with industry-leading specialists in natural catastrophe risk modelling to offer its insurance clients across the continent peace-of-mind reinsurance protection and risk management. The natural catastrophe perils covered by RSIS and its new partners include earthquake, flood, hail and cyclone, all modelled within the African context. These partners include Cat Risk Solutions, which ...
Read MoreSA insurers urged to look to African reinsurance brokers for profitable growth prospects
October 19 2021 By Reinsurance Solutions resinsurance, insurance, brokers, africa, opportunities, nicole lopes, blessing chiguye
The potential for growth in the African insurance sector is significant. South African insurers are well positioned to leverage their expertise across borders and maximise this robust growth opportunity. Participating in a recent Insurance Institute of South Africa webinar on the insurance opportunities in Africa, Reinsurance Solutions Intermediary Services (RSIS) Executive Head of Broking, Nicole Lopes, said the insurance penetration rate on the...
Read MoreCEO to CEO: Looking to Africa for business growth prospects
October 14 2021 By Cameron Cupido cameron cupido, ceo outlook, reinsurance, africa
As a South African CEO navigating these challenging times, I wanted to reach out to other CEOs and share my personal insights around pressing issues, but also opportunities, in the hope this opens up dialogue around the current climate and topical matters impacting South African businesses. African prospects for South African business growth Despite the economic slowdown as a result of the Covid-19 pandemic, all signs are that South Africa's more...
Read MoreStrike and riot cover in high demand by SA corporates
October 05 2021 By Cameron Cupido
Over the past two years, incidents of political violence, rioting, looting and civil unrest across Sub-Saharan Africa have grown both in frequency and severity, increasing demand for political violence and terrorism (PVT) cover. South Africa is no different; both corporates with operations here and those looking to expand into the rest of Africa are actively pursuing PVT insurance in a bid to mitigate this increasing risk. In 2015, the Global Ter...
Read MoreSouthern African facultative reinsurance: a golden opportunity for SA insurers
August 23 2021 By Blessing Chiguye blessing chiguye, reinsurance, fac inward, africa
The South African insurance market is all but saturated. Picking up new local business that steadily grows your books is difficult, and offers small wins at best. Naturally, South African insurers are looking for other ways to expand their businesses. The broader Southern African insurance sector represents an underexplored market, with significant opportunities for local insurers that are prepared to leave the comfort zone of the SA market and s...
Read MoreCEO to CEO: The challenges of leading during a pandemic
July 27 2021 By Cameron Cupido cameron cupido, covid-19
As a South African CEO navigating these difficult times, I wanted to reach out to other CEOs and share personal insights around this issue in the hope it might resonate and open up dialogue around the challenges we're all currently facing. A numbers guy Over the past 22 years that I have worked in insurance and reinsurance, my vision has always been to head up a powerful regional player in African reinsurance. Today, as CEO of Reinsurance Soluti...
Read MoreSmaller companies try harder
July 20 2021 By Cameron Cupido cameron cupido
Bigger equals better. That's the standard narrative of modern society. From our houses to our cars to our burgers, upsizing everything makes it better. When it comes to business, the same principle applies. Bigger firms have more staff and therefore more collective resources. They're able to offer greater numbers of products and solutions, and just by virtue of the fact that they're bigger, they're better at what they do. Linked to this is the id...
Read MoreOpportunities for marine underwriters in Southern Africa
June 24 2021 By Nicole Lopes marine insurance, reinsurance, africa, nicole lopes
The ocean is vital to the livelihoods of Africans. Whether subsistence fishermen or commercial fishing enterprises, importers or exporters, it plays a critical role in Africans' access to food, trade and income. This presents opportunities for marine underwriters that are prepared to invest in the continent and specifically, the Southern African region. Marine trade in Africa While a third of African countries are landlocked, maritime transit rem...
Read MoreNeed a new reinsurance broker? Here's what to look for
April 12 2021 By Cameron Cupido cameron cupido, reinsurance, reinsurance broker
'Not all brokers are created equal' might have been adapted from an old adage over the years for various sectors, including the insurance industry, but never has it been more appropriate than in the current climate and specifically, when trying to find a competent reinsurance broker. The fact is, reinsurance is a niche profession that requires a dedicated set of skills, significant experience and long-standing industry relationships to be truly e...
Read MoreImproved risk management with RSIS
April 12 2021 By Thato Raboroko reinsurance, reinsurance broker, insurance, thato raboroko
RSIS licenses the actuarial modelling software, Risk Explorer. This cutting-edge software provides better, faster and continuous insights into corporate risks, allowing us to develop optimal solutions to maximise returns, and accurately assess reinsurance pricing to inform budgets and reinsurer negotiations. Risk Explorer also enables us to provide portfolio and dynamic financial analysis, as well as reinsurance benchmarking. Through this tool, a...
Read MoreCovid-19: what it taught reinsurers in planning for the next pandemic
March 21 2021 By Cameron Cupido covid-19, corona, insurance, reinsurance
As with every sector the world over, reinsurance felt the impact of the Covid-19 pandemic and subsequent global lockdowns in 2020. An unexpected event for which no one was fully prepared, Covid-19 saw the mass cancellation of events, and the overnight shutdown and scaling back of large industry and business operations, while the service industry all but ground to a halt. The result was a significant amount of cancellation refunds having to be iss...
Read MoreKidnap insurance now a necessity for multinationals in Southern Africa
February 09 2021 By Cameron Cupido kidnap insurance, insurance, reinsurance, africa
When one thinks of kidnapping for ransom, Hollywood movies instantly come to mind. After all, the big screen and the Americas is where such stories usually play out. But what about Africa? In 2003, kidnap-for-ransom statistics sat at 6% for Africa and the Middle East combined. By 2016, this figure had risen sharply to 44% - with Africa accounting for 34% of that total. This represented a 600% increase in just 13 years. According to data gathered ...
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