Latest News

Mon, 12 Apr 2021 12:01:37 -0500

Technical excellence is a term that is often cited in insurance, and especially so in relation to AGCSs international clients with their complex risk profiles. But while it is frequently used, what does it truly mean in this context? AGCS Chief Underwriting Officers, Renate Strasser and Tony Buckle, who are jointly responsible for technical excellence as a core element of the NEW AGCS strategy, share their perspectives.

Wed, 07 Apr 2021 06:26:12 -0500

From the Desk of the Chief Executive: Viviene Pearson In its report titled: Economic Conditions Outlook, March 2021, global consulting firm, McKinsey, states that despite the weak demand that continues to threaten corporate growth globally, the Covid-19 pandemic remains the biggest risk to overall economic growth.

Tue, 06 Apr 2021 06:32:48 -0500

In our first edition of the Ombudsmans Briefcase for 2021 we take this opportunity to wish you a safe and prosperous year ahead. We face this year with a little more hope having emerged from a second wave of the coronavirus and with the COVID-19 vaccine being rolled-out.

Thu, 01 Apr 2021 06:37:50 -0500

All businesses with employees, customers and suppliers must comply with POPIA, which comes into effect on 1 July 2021. Here is a practical guide to the most important aspects With the commencement date of the Protection of Personal Information Act 4 of 2013 (POPI) of 1 July 2021 fast approaching, businesses should be reviewing their use of personal information to determine if it complies with the Act.

Thu, 25 Mar 2021 13:07:00 -0500

Satrixs Top 40 ETF was yesterday named South Africas favourite exchange-traded fund (ETF) for the fourth consecutive year at the 2021 South African Listed Tracker Funds Awards (SALTA). The index investment industry leader scooped 10 SALTA awards, with the wins coming just two weeks after Satrix was named Morningstars 2021 Best Large Fund House.

Wed, 24 Mar 2021 08:08:54 -0500

F I Insurance last year celebrated 21 years of business and expansion with the appointment of a new Managing Director. This move heralds continued growth in the marketplace according to Executive Director and founder, Brian Muller.

Wed, 24 Mar 2021 08:02:37 -0500

Significant increase in the number of riots, demonstrations and vandalism, as terrorism events decline, means civil unrest is now the main political risk exposure for companies, resulting in significant losses and insurance claims.

Wed, 17 Mar 2021 09:33:21 -0500

The Covid-19 global pandemic highlights the importance of business continuity planning for current and future operational disruptions. Good continuity management learnings robust planning and honest supply chain de-risk assessments help businesses better adapt when the next event arrives.

Wed, 17 Mar 2021 09:29:05 -0500

Social inflation is challenging the liability environment for companies and impacting potential claims payments for insurers, driven by a wide variety of factors such as anti-corporate sentiment, the rise of the litigation funding industry and even the growing use of jury psychologists.

Wed, 17 Mar 2021 09:27:59 -0500

Businesses are entering a period of huge policy and regulatory change as the world steps up its efforts to combat global warming. Actions to address climate change pose significant operational and compliance challenges for companies and those that over promise or lag behind are facing increasing scrutiny.

   
Risk Therapy Articles
Risk Therapy 109 - RISK MANAGEMENT 20102010-07-07
So you have a small business or an idea for one - where do you start and what must you have to keep the business thriving?
RISK THERAPY 108 - GODS DON’T WHINE, OR BEG.2010-05-31
Attitudes affect everything that we do, don’t do, or don’t do as well as we could. Success in activities as diverse as parenting, world cup events, business, even risk management is determined by our attitude. Sometimes we need a little push, guidance, education or support to motivate us. Our business leaders, legislators and regulators are providing the spur, so how are we going to respond?
RISK THERAPY 107 - CHIEF RISK REWARD OFFICER - WHAT’S IN A NAME?2010-04-06
In business we all need to make a profit in a sustainable manner, to verify that the contribution we make in our chosen arena has validity. Doing it right the first time reduces costs, adds to the sense of legitimacy and promotes an air of satisfaction within the operation.
RISK THERAPY 106 - RISK IS PERSONAL2010-02-20
In business we all need to make a profit in a sustainable manner, to verify that the contribution we make in our choWe are destined to promote our immediate personal interests to the best of our abilities. Have you dwelt on what the best way to achieve this? There are many solutions of course.sen arena has validity. Doing it right the first time reduces costs, adds to the sense of legitimacy and promotes an air of satisfaction within the operation. It’s good for team morale and serves as a...
Risk Therapy 105 - RISK MANAGEMENT 2010 – COMPLY OR EXPLAIN2009-12-16
In 2010, all business owners in South Africa will be given a choice within the new Companies Act legislation and King III Commission guidelines, to ‘comply or explain’ their position on formal Risk Management processes. Similar legislation is being or has been enacted in many parts of the world; yet another global phenomenon. So far so good, but what are the issues?In 2010, all business owners in South Africa will be given a choice within the new Companies Act legislation and King III...
MINI RISK HEALTH CHECK (MRHC) ©2009-10-14
When finishing a demonstration of the MRHC system, we’re often told that it’s too cheap, but then we are wholesalers aiming for repeat volume sales Just because something is useful it doesn’t have to be a rip-off!
Risk Therapy 1042008-07-02
Article 104 is a (present) reality-check, which includes a review of (past) habitual responses and preferred (future) choices. It reaffirms what you already know, that you can make changes today, rather than just manage the changes that happen to you, that originate elsewhere.
Risk Therapy 1032008-07-02
In the article Risk Therapy 101, we explored the reasons why Risk Management is seen as a business imperative by CEO’s and yet it rarely translates to effective activity within many operations. In Risk Therapy 102 we consider ways to address the gap. Risk Therapy 103 is about motivation; why bother, really?
Risk Therapy 1022008-07-02
In the article Risk Therapy 101, we explored the reasons why Risk Management is seen as a business imperative in higher circles and yet it rarely translates to effective activity within many operations. In Risk Therapy 102 we consider ways to address the gap.
Risk Therapy 1012008-07-02
Ironically, we practice Risk Management in our daily lives, although this is mostly informal and often unconscious. So what are the stumbling blocks to extend such formal practices to the work environment?
   

Paul Brightman - Alternative Risksmiths and Traders (Pty) Ltd. Short name - ART.
Cell : +2783 708 3634
Work : +2711 646 2777
11, Taylor Rd, Greenside, Johannesburg. Code: 2193.
paulb@artrisk.co.za & artptyltd@outlook.com

 

If you have any complaints then please contact ART (Pty) Ltd or the Offices of the Ombud for Short Term Insurance.

 

 

Contact Us

Tel: +27 (0) 11 726 8900
Share Call: 0860 726 890
Fax: +27 (0) 11 726 5501
PO Box: 32334 Braamfontein, 2017
Email: info@osti.co.za
info@osti.co.za