
Why cyber resilience matters more than ever for insurance brokers
Brokers sit at the centre of the digital risk landscape because of the nature of the information they manage and store.

Brokers sit at the centre of the digital risk landscape because of the nature of the information they manage and store.

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

As AI reshapes workplace decisions, legal experts and insurers warn that professional indemnity and D&O exposure is rising fast.

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

While local risk rankings align with global patterns, infrastructure fragility, business interruption, and cybercrime leave SA firms particularly exposed to cascading disruptions.

Santam’s Thabiso Rulashe on how insurers are adapting to stay resilient – and profitable – in an era of rising risks.

With the Joint Standard on Cybersecurity and Cyber Resilience set to take effect in June, trustees could be held personally liable for losses due to data breaches.

The Allianz Commercial Cyber Security Resilience report shows that the costs associated with certain data privacy breach claims can match or surpass those of ransomware incidents.

The 13th Allianz Risk Barometer reveals that deepfake video technology, aimed at facilitating phishing scams, is now readily available online, priced as low as R377 a minute.