Specialist Business
Specialist Business
A smart geyser that tells you when it’s fit to burst
It turns out geyser-related issues cause some of the country’s most common household insurance claims, this is according to Santam – South Africa’s leading short-term insurer
Specialist Business
How to protect an estate from going up in smoke
Runaway fires wreak havoc and can have crippling financial ramifications. Fire damage to residential and commercial estates is proving an increased risk for property owners and insurers alike.
Specialist Business
We need to take better care of our truck drivers
In 2017, the Road Traffic Management Corporation (RTMC) reported 1270 fatalities linked to trucks. Despite making up just 0.36% of registered vehicles in SA, trucks account for 11% of road crash fatalities. Why? A road safety awareness event run by Santam and the RTMC in November 2018 points to fatigue as causality number one.
Specialist Business
Integrated real estate development insurance
Santam has introduced a seamless insurance solution that’s receiving enthusiastic support from developers and development financiers alike. Karl Bishop highlights the advantages.
Specialist Business
Insurance considerations in high-value estates
Estate living has become very popular in our country, but homeowners in these environments need to heed location-specific risks. Karl Bishop discusses.
Specialist Business
Trade credit insurance: big benefits for (sm)all businesses
Amidst a persistently tough economy, companies continue to battle cash flow conundrums. This is exacerbated by ‘bad debtors’ – in fact, late payments and insolvency are two of the most commonly cited causes of long-term damage to business growth.
Specialist Business
From humble beginnings to owning a prominent insurance business: how mentorship helped an entrepreneur beat the odds
Sbusiso Wanda’s entrepreneurial spirit has overcome extraordinary odds. Having grown up in KwaMashu Township near Durban, with little in the way of education or familial support, he started a butchery business at age 24 and lost it just a year later.
Specialist Business
SA’s construction industry “digging out” in 2018
Credit rating requirements and the evolving risk management environment are challenging factors in the construction industry. Russell Myers discusses.
Specialist Business
Guaranteeing delivery in the construction sector
On the back of the International Monetary Fund (IMF) recently raising its 2018 forecast for South Africa’s GDP growth to 1.5%, the local construction sector is feeling optimistic, having been in a slump since 2009.
Specialist Business
100 years of bespoke solutions
One of the hallmarks of Santam is its enduring run of outstanding performance. Along its 100-year journey, it has assembled a diverse and bespoke range of insurance solutions through its Specialist Business unit.
Specialist Business
Turning a bird’s-eye view into a business
For those considering using a drone commercially, there are a few factors to take into account – not least of which is the law. James Godden delves into two of the biggest considerations: legislation and insurance.
Specialist Business
Risk management in a changing climate
The fires that ravaged Knysna and the surrounding areas in June 2017, followed by heavy floods that wreaked havoc in Durban in October, highlight insurance exposures in the face of climate change.
Specialist Business
Knowing the terms and conditions of your heavy haulage insurance contract is essential
Having the correct comprehensive insurance in place is a legal requirement, however insurers can have legal recourse should it be found the conditions of the contract between the insurer and the insured has not been fully met in the event of a claim.
Specialist Business
Passenger liability cover: an absolute necessity when transporting people from A to B
Road safety statistics provide a continual reminder of the dangers encountered on South African roads. The reality is that accidents can and do happen on our roads each day, resulting in serious injuries and, sometimes, fatalities to drivers and passengers alike.
Specialist Business
Infrastructure development: The need to insure Africa’s future
The impact of Africa’s rising population and the rapid levels of urbanisation across the continent have placed an enormous strain on infrastructure and available resources.
Specialist Business
No smooth road for heavy haulage business
Being a haulage company owner is not an easy feat. With the recent severe rains experienced across South Africa, coupled with fuel price increases and e-tolls, an unstable Rand, fraying road network infrastructure and a continuously escalating risk of hijacking, there is no denying the heavy haulage industry in South Africa is faced with many challenges
Specialist Business
Ground and air cover for drones
With unmanned aerial vehicles (UAV’s), or drones finding increasing applications across all sectors of the global economy, recent insurance claims in South Africa have shown that ‘losing’ a drone is not as far-fetched as one would think.
Specialist Business
Global cybercrime attack highlights need for insurance against this fast growing business risk
The fresh ransomware attack of unprecedented proportions, estimated to have impacted at least 100 countries, and affecting massive global organisations such as FedEx, Britain’s national health and the German rail network has highlighted the severe implications of cybercrime attacks on businesses.
Specialist Business
Liability insurance: who pays when an event is cancelled?
Costs for cycle tour cancellation can cause more than a spoke in the wheel
Specialist Business
Seamless risk protection for mega-projects: Ghana
Infrastructure development is booming across Africa, due in no small part to significant economic growth and foreign direct investment.
Specialist Business
Seamless risk protection for mega-projects: Mozambique
Infrastructure development is booming across Africa, due in no small part to significant economic growth and foreign direct investment. In line with this, and as part of Santam’s strategic expansion into Africa.
Specialist Business
Risk management in the hospitality industry
The hospitality industry is unlike any other when it comes to buying cover for the risks that could diminish the bottom line of your venture or even put you out of business.
Specialist Business
Motor vehicle insurance: It’s not what it used to be
Motor vehicle insurance isn’t as clear cut as it used to be. Increasingly, insurers must consider motorists and their vehicles that are out of the ordinary, as international motoring and leisure trends start to take root in South Africa.
Specialist Business
New transport regulations unclear: goods-in-transit to be ‘fully insured’
The Department of Transport has introduced amendments to the National Road Traffic Regulations for goods-in-transit which could have far-reaching consequences for the agricultural transport industry – including a requirement that goods-in-transit be “fully insured”.
Specialist Business
Seamless risk protection for mega-projects: Botswana
Infrastructure development is booming across Africa, due in no small part to significant economic growth and foreign direct investment.
Specialist Business
Climate change ‘could cost marine insurance industry millions’
Marine insurance is one of the oldest types of insurance, dating back to the 12th century when transporters of goods between ports started insuring their cargo against a variety of perils, including weather-related losses.
Specialist Business
Pilot attitude crucial in reducing light aircraft accidents
There are still far too many avoidable light aircraft accidents in South Africa – around 20 fatal accidents a year – and 90% of these are caused by pilot error.
Specialist Business
Seamless risk protection for mega-projects: Tanzania
Infrastructure development is booming across Africa, due in no small part to significant economic growth and foreign direct investment.
Specialist Business
Seamless risk protection for mega-projects: Zambia
Infrastructure development is booming across Africa, due in no small part to significant economic growth and foreign direct investment.
Specialist Business
Cyber crime in SA
The Marsh Insurance Market Report 2015 shows an increased interest in African markets for cyber risk insurance products as organisations become more aware of their exposure.
Specialist Business
The art of insuring the irreplaceable
Valuable art, collectibles and jewellery are stolen from corporates, collectors and individual home-owners every year.
Specialist Business
Risk protection for complex mega infrastructure projects
Following short-term insurer Santam’s strong interim results, the business is pushing forward with strategic expansion into Africa in partnership with Sanlam Emerging Markets. As part of this expansion, Santam Specialist Business has launched a Seamless Specialist Insurance solution which offers comprehensive risk protection for mega-projects across Africa.
Specialist Business
Santam appoints Dave Keeling as head of its marine insurance subsidiary
Santam, South Africa’s leading short-term insurer, has announced the appointment of Dave Keeling as Head of Associated Marine.
Specialist Business
Santam Specialist Business responds to Emerald's #Neknomination
In response to a #Neknomination challenge from corporate property and affiliated engineering insurance underwriter, Emerald to do some good in the community, the Santam Specialist Business team visited the Emfundisweni Primary School in Alexandra.