How climate change is shaping non-life insurance: risks and opportunities
Insurers need to employ advanced data analytics and AI to better price and manage these risks, as well as adjust premiums and make selective coverage decisions.
Insurers need to employ advanced data analytics and AI to better price and manage these risks, as well as adjust premiums and make selective coverage decisions.
The judgment confirms that providing security in a trust account is an acceptable substitute for physical possession under a lien.
Old Mutual Insure unpacks the impact of loadshedding on the insurance industry and the outlook for a stable electricity supply.
Old Mutual’s Clive Hogarth says insurers need to ask critical questions about the quality of installations.
Effective communication and diligent advisory practices by intermediaries can shield clients from the consequences of underinsurance.
The contract went through 10 iterations between July 2019 and March 2020, with the term ‘infectious and contagious diseases’ variously in or out.
Price increases will be necessary to fund the level of coverage policyholders have previously enjoyed, says Old Mutual Insure.
The collaboration enables the non-life insurer to use location-specific flood data, providing a more informed perspective on flood risk.
The collaboration aims to empower Old Mutual Insure to broaden its footprint and provide specialised liability coverage throughout the African continent.