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: 2023
Improved management for climate change-related risks proposed: what this means for insurers
December 05 2023 By Thato Raboroko
There has been increased focus in recent years on climate-related risk and the challenge this poses for insurers. In South Africa, recent significant flooding events have raised the profile of climate change and its impact on the safety and soundness of individual insurance institutions, as well as the broader insurance sector. It is off the back of this that in August 2023, South Africa's Prudential Authority (PA) - the supervisory arm of the SA...
Read MoreReinsurance Solutions Zambia awarded trading licence
December 01 2023 By Reinsurance Solutions reinsurance, africa, souther africa, zambia
Reinsurance Solutions Zambia, the local office of the global Reinsurance Solutions Group, has been awarded a trading licence effective 1 December 2023 by the Pension and Insurance Authority (PIA). Bervin Momba, MD of Reinsurance Solutions Zambia, made the announcement today on behalf of the company's board of directors. Reinsurance Solutions Zambia was founded in Lusaka on 11 October 2022. It provides superior reinsurance broking solutions to the...
Read MoreManaging risk exposure with alternate reinsurance structures
November 23 2023 By Nicole Lopes life insurance, structures, reinsurance
Over the years, the constantly changing dynamics and demands of the modern life insurance market have necessitated a fresh approach to reinsurance structures. These alternative reinsurance structures provide innovative solutions to life insurers looking to efficiently manage their risk exposures while maximising their profitability. There are a number of alternative structures that are gaining traction among life insurers including quota share re...
Read MoreReinsurance is a non-negotiable for medical insurers operating in Africa
November 09 2023 By Nicole Lopes healthcare, nicole lopes, reinsurance, accident and health, a&h
Africa's healthcare landscape is rapidly transforming, driven by increased public demand for quality medical services and improved access to healthcare. Bridging the gap between patients and healthcare providers are insurers, which find themselves facing serious challenges in providing adequate coverage. Reinsurance, however, is proving beneficial in helping insurers in Africa navigate this uncertain terrain. Barriers to coverage One of the most ...
Read MoreRSIS launches innovative cyber insurance solution for businesses
October 26 2023 By Reinsurance Solutions cyber insurance
Cybercrime is rapidly increasing in Southern Africa, with the region recording among the highest number of ransomware and business email attacks in Africa. To address this constantly evolving business risk, reinsurance broker, Reinsurance Solutions Intermediary Services (RSIS), has teamed up with cyber security firm, Fullstream Business Service (FBS), to develop a tailored cyber insurance solution for Southern African businesses, underwritten by ...
Read MoreCEO to CEO: Navigating virtual leadership in a global workplace
September 28 2023 By Cameron cameron cupido, ceo outlook
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. Navigating virtual leadership in a global workplace The worldwide pandemic lockdowns of 2020/21 delivered to many multinational businesses a scenario that had likely escaped their business continuity plans: h...
Read MoreSouthern Africa needs flood modelling now more than ever before
May 22 2023 By Thato Raboroko flood modelling, catastrophe modelling, reinsurance, risk management, risk mitigation
In the years between 2017 and 2023, Southern Africa experienced three of its deadliest tropical storms: Cyclone Idai (2019, 1 300 deaths); Cyclone Freddy (2023, 500+ deaths) and tropical storm Dineo (2017, 250 deaths). It also experienced Cyclone Kenneth (2019), Africa's strongest cyclone ever recorded. Madagascar, Mauritius, Mozambique, Zimbabwe and Malawi are in the direct path of these devastating Indian Ocean storms, which are on track to in...
Read MoreCEO to CEO: Addressing the re/insurance skills shortage in SA
March 28 2023 By Cameron Cupido cameron cupido, skills shortage, re/insurance industry
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. Where are all the skilled brokers? When we launched Reinsurance Solutions Intermediary Services in South Africa in 2020, it was with a handpicked team of professionals that we knew would excel. They were all ...
Read MorePost pandemic - what does the future hold for global insurance?
March 16 2023 By Maya Nundloll André post pandemic, esg, maya nundloll andré
The Covid-19 pandemic and its associated worldwide lockdowns had a significant impact on the insurance sector. As with previous recessions, personal lines were less vulnerable than commercial lines to the global disruption, and although initial data shows some positive growth, long-term growth is expected to remain low. How does the insurance industry not only recover, but boldly move forward, from this setback? Slow growth trajectory Accordin...
Read MoreReinsurance Solutions Group puts Africa on the map at Dubai World Insurance Congress 2023
March 14 2023 By Reinsurance Solutions dwic, dubai, resinsurance, risk management
Reinsurance Solutions Group (RSG) attended the Dubai World Insurance Congress 2023, jointly hosted by Global Reinsurance and the Dubai International Finance Centre (DIFC), on 8 and 9 March 2023 in Dubai, UAE. The congress was themed 'Resilience: Navigating the storm to a better world', and brought together more than 1 500 insurance and reinsurance leaders from 60 countries around the world, specifically the Middle East and Maghreb countries. ...
Read MoreReinsurance Solutions opens Zambian office, appoints Bervin Momba MD
March 13 2023 By Reinsurance Solutions zambia
Reinsurance Solutions has extended its Southern African footprint and opened an office in Lusaka, Zambia, with Bervin Momba at the helm as MD. While the new office is still awaiting its license, Shashi Ramdany, Reinsurance Solutions CEO, says Momba will hit the ground running when the branch gets the greenlight. "Bervin will be involved in the set up and running of the new office, as well as the day-to-day broking of existing business and driving...
Read MoreRSIS appoints Byron Govender Executive Broker
March 13 2023 By Reinsurance Solutions
Reinsurance Solutions Intermediary Services has expanded its broker team in Johannesburg with the appointment of Byron Govender to the position of Executive Broker. Govender is based at the firm's Woodmead offices from where he will serve clients across the country. Cameron Cupido, RSIS CEO and Executive Director Indian Ocean Islands, Reinsurance Solutions Mauritius, says Govender will play a vital role in helping the company pursue its growth ta...
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