Cyber insurance: ‘brokers have their work cut out for them’
Business owners may be labouring under a false sense of security when it comes to the extent of their liability cover.
Tag: Cyber Insurance
ConCourt judgment in Capitec vs SARS clarifies important VAT principles
The decision addresses the recovery of VAT on payments made under loan cover provided free of charge.
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Brokers don’t need to be cyber-security experts to sell cyber cover
The demand for cyber insurance is increasing, but cyber liability is the form of specialist cover brokers are least comfortable with placing, according to SHA’s 2022 Specialist Risk Review. Sizwe Cakwebe, the cyber […]
Preventing a cyber-attack and insuring against the resulting losses
A recent study titled “The State of Cybersecurity in South Africa” provides an update by the same research company that conducted similar research in 2019. Some of the findings then were quite scary, […]
Old Mutual joins move to limit cover for non-physical damage on BI policies
Old Mutual Insure has followed South Africa’s largest short-term insurer, Santam, in excluding certain types of non-physical damage from its business interruption cover, because it can no longer reinsure these events. Read: Santam […]
Advice for intermediaries when talking to clients about cyber insurance
Cyber security is getting closer to the boardroom, and it is only a matter of time before a failure to implement basic cyber security protocols will result in claims against directors and officers […]
‘Cyber risk is an opportunity for brokers to showcase their value’
The systemic nature of cyber risk provides intermediaries with an unprecedented opportunity to show-case their value to clients, Andrew Coutts, Santam’s head of Intermediated Distribution, told the recent InsureTalk18 online conference. It is […]
Cyberhackers outscore losses from weather-related disasters five to one
There was an opportunity for insurers and intermediaries to sell more cyber insurance as a result of the shift in consumer behaviour because of the pandemic, Andrew Coutts, the head of intermediated business […]
Cyber insurance – A first priority for SMEs
Late last year, Business Report shared that according to the global Cyber Exposure Index, South Africa currently has the sixth highest average exposure to cybercrime, with businesses in the industrial and financial sectors […]
Cyber insurance – A first priority for SMEs
Late last year, Business Report shared that according to the global Cyber Exposure Index, South Africa currently has the sixth highest average exposure to cybercrime, with businesses in the industrial and financial sectors […]
