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: 2024
Bankers Blanket Bond: A shield against rising occupational fraud
December 06 2024 By Reinsurance Solutions bbb insurance, bankers blanket bond
Global financial institutions recorded a staggering 40% increase in occupational fraud between 2018 and 2022* while worldwide occupational fraud losses topped $42 billion** last year. Occupational fraud, perpetrated by employees within the organisation, poses a significant threat to the banking sector. Such misconduct, if left unchecked, can have far-reaching consequences, potentially leading to substantial financial losses and reputational dam...
Read MoreParametric insurance - a lifeline for Africa
November 12 2024 By Reinsurance Solutions parametric insurance, natural disasters
In the face of growing climate change-related events, parametric insurance is being touted as the best possible protection for businesses operating in Africa. The World Economic Forum goes as far as to say that 'it could become a key part of the relief capital mix' as it offers a quick and relatively low-cost insurance solution. With many clients operating in industries at the forefront of climate change risks in Africa, Reinsurance Solutions has...
Read MoreCEO to CEO: The most challenging risks facing re/insurers right now
May 22 2024 By Cameron Cupido cameron cupido, risks, threats
As a South African CEO plotting a course through 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. If you would prefer to opt out of these personal communications, please do so here. The most challenging risks facing re/insurers right now Inc...
Read MoreReinsurance Solutions, Fortree Management Services join forces in captive re/insurance offering
May 10 2024 By Reinsurance Solutions captive insurance, fortree, mauritius
Reinsurance Solutions has entered into a strategic partnership with Mauritius-based financial services provider, Fortree Management Services, to provide local, African and global clients with access to pure captive re/insurance. Working with Mauritian regulators, the collaboration seeks to make Mauritius a preferred pure captive insurance jurisdiction in the world, providing a comprehensive service to potential captive owners or businesses wantin...
Read MoreMajor trends shaping Southern African reinsurance in 2024
March 26 2024 By Byron Govender reinsurance, renewals, trends, 2024
Reinsurers want to understand where and why specific cover is being deployed; they want their cover to be valued; and they will continue to favourably support insurers writing multiple lines, as this ensures market diversity. These were among the key insights coming out of Reinsurance Solutions Intermediary Services' (RSIS) recent contract renewal process with cedants, which revealed a number of trends currently influencing the reinsurance sector...
Read MoreA cyber insurance solution for African businesses
February 21 2024 By Bervin Momba insurance, reinsurance, cyber insurance, bervin momba
The rate of cyberattacks on businesses around the world is increasing at a pace never seen before, fuelled by sophisticated technology, including the use of artificial intelligence to launch more vicious attacks and bypass cyber security systems. Latest tech leads to more damaging attacks The most common form of cybercrime facing both businesses and individuals is phishing, notes London-based IT services provider, AAG. In 2021, 323 972 internet u...
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