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When last did you do a business risk assessment?

March 09 2023 By Reliance Insurance Brokers risk management

With loadshedding now a fixed, yet highly unpredictable, feature of the South African business landscape, it was only a matter of time before reinsurers raised the alarm on covering businesses under these unprecedented conditions. In early February, a number of local insurance companies announced that they would no longer cover damages related to electricity grid failure, on the advice of their reinsurers. In effect, the failure of Eskom's grid a...