
Under fire: the risks reshaping short-term insurance in SA
Interconnected hazards are altering claims patterns and capital pressures for insurers – shifting priorities for brokers and corporate risk teams, says PSG Insure.

Interconnected hazards are altering claims patterns and capital pressures for insurers – shifting priorities for brokers and corporate risk teams, says PSG Insure.

With data breaches costing firms tens of millions per incident, Joint Standard 2 forces financial institutions to strengthen governance, monitoring, and incident response.

Only a fraction of South African consumers and businesses have cyber cover, leaving a significant gap between awareness and protection.

With Joint Standard 2 on cybersecurity coming into force on 1 June, the Prudential Authority emphasises the need for financial institutions to bolster resilience, share intelligence, and prepare for inevitable cyberattacks.

Cyber insurance and practical measures can shield a business from devastating data breaches and ransomware attacks.

The Information Regulator’s upcoming guidance note clarifies that direct marketing via phone calls falls under POPIA’s consent requirements.

Cyber incidents are the top global business risk by a clear margin, but they rank second in South Africa, according to the latest Allianz Risk Barometer.

Artificial intelligence and machine learning algorithms have the potential to revolutionise how we protect ourselves online.

A report on global email security projects a staggering $8 trillion cost due to cybercrime. Amid these escalating threats, an unexpected factor emerges: human error.