“OSTI remains an independent organisation. It continues to deliver fair and just outcomes,” the chairman of OSTI’s board, Haroon Laher, recently noted. Understanding the Ombudsman for Short-term Insurance’s (OSTI) role in resolving disputes is essential to developing a better relationship … Continue reading →
Research suggests that digital financial fraud may see a surge of up to 80% this year. Just in the last week, we were exposed to various incidents, with the Experian South Africa data breach being the latest. Although organizations are … Continue reading →
The risk management process starts with establishing the context of an organisation, followed by the identification, analysis and evaluation of risks. The next step requires that risks are treated effectively to ensure they are within the organisations risk tolerance or … Continue reading →
The COVID-19 pandemic has necessitated many employees to work remotely from their homes during the lockdown period. This in turn has meant that employees had to ensure that a space, or part of their home, was set up in such … Continue reading →
What’s new, how will things change? We are in the midst of an era of uncertain times and with uncertainty, comes many unknowns. During this time, businesses confront ambiguity and change on a daily basis, making it difficult to predict … Continue reading →
The Coronavirus has raised countless commercial risks which impact on business operations due to the lock down. During this time, there are a lot of responsibilities facing directors and officers. Click here to learn more about what D&O insurance covers. … Continue reading →
In South Africa and the United Kingdom, coronavirus coverage disputes are centering around the interpretation of various non-damage extensions provided under the policy’s business interruption section. In North America, both in Canada and the United States, the focus has been … Continue reading →
A significant number of Directors and Officers (D&O) claims result from liquidations, companies being in financial distress, or companies being placed in business rescue. The economic fallout following the COVID-19 pandemic, combined with the impact on business operations due to … Continue reading →
South Africa is known globally for having an efficiently run, well-regulated and stable financial services industry. And the enterprise tasked with regulating this robust sector, the Financial Services Board (FSB), was largely successful – which begs the question: why change … Continue reading →
The Minister of Employment and Labour has issued a revised Covid-19 Direction on Health & Safety in the Workplace. The Direction applies to all workplaces except mines, ships, boats or cranes and any other workplace which is regulated by a … Continue reading →