Posts by ShiftOneDigital
Express Kidnapping, A Growing Threat in SA
A disturbing new crime trend has emerged in South Africa, where victims are being kidnapped and forced to make transfers from their banking apps under duress. This alarming development, known as “banking app kidnappings” or “express kidnappings,” is on the rise and poses a significant threat to individuals and businesses alike. This article aims to…
Read MoreRisk Beyond RSA Borders
The evolving situation in Mozambique highlights a broader conversation surrounding cross border risks, including travel, liability and asset insurance. South Africa’s Department of International Relations and Cooperation has issued a travel advisory encouraging South Africans to postpone non essential visits to the country until further notice. While this prompts today’s message, these principles apply whenever…
Read MoreSASRIA Cover Explained
SASRIA Cover Explained As we move towards elections and the increased risk of riots and strikes, it is an opportune time for you to review your SASRIA or effect SASRIA cover. SASRIA cover is designed to cover events like riots and strikes (which are excluded from standard insurance policies), leaving you significantly financially exposed…
Read MoreRisk Alert: National Shutdown 20 March 2023
Forewarned is forearmed – it is always wise to be prepared for the worst. The planned national shutdown on 20 March 2023, the imminent strike of SAPU (SA Policing Unit) and the ongoing strike by Nehawu (National Education, Health and Allied Workers’ Unions) is a potential cocktail of destruction in the making. Various sources in…
Read MoreState of the SA Insurance Market
State Of The SA Insurance Market To a large extent, the South African Non Life Insurance industry has been hit by a perfect storm, given the extreme challenges it faces. These include South Africa’s energy crisis, the repercussions of natural disasters and escalating geopolitical tensions, collectively creating a complex web of difficulties for…
Read MoreAdditional Power Installations & Insurance Implications
One of the hottest topics currently, is the creation of additional power through Solar PV (photovoltaic) or generator installations, due to high levels of load shedding. There are several legal and statutory regulations that govern these installations, which we believe you should be aware of: Any installation which affects the distribution board (DB board), must…
Read MoreEmail Fraud Rampant
Intercepted email scams are increasing at an alarming rate in South Africa. How does an intercepted email scam happen? First, they gain unauthorized access to your email account, through spoofing, clicking unknown links etc. Then, they patiently monitor your email activities, waiting for the right moment to strike. The right moment is typically when you…
Read MoreDo You Rent Out Property?
Times are hard. On the face of it, renting out your property is an easy way to supplement your income. Insurance Complications However, renting out property has significant insurance complications, particularly with regard to personal insurance policies. Personal insurance policies, by their very nature, were designed to cover personal risk. They were not designed to…
Read MoreShort Term Premiums On The Rise
When? Insurance companies review their pricing, risks and products regularly. In terms of pricing, your insurance premium is likely to increase when you renew your policy yearly, regardless of insurer or whether you have had claims or not. Price increases, other than at renewal, occur when insurers are forced to take more drastic action based…
Read MoreRisk Management and Your Risk Profile
This is the first in a series of articles on the important role Risk Management plays in insurance. Let’s take a trip down the insurance memory lane. In the beginning, insurance was invented to spread the financial risks of an event which could cause severe loss or damage. Ships sinking and the Great Fire of…
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