News Releases

Welcome to the Aon South Africa News Room.

October 16, 2016 Aon Introduces Cyber Enterprise Solution for All Industries As cyber risk continues to evolve beyond threats to personally identifiable information, Aon Risk Solutions is introducing Aon Cyber Enterprise Solution, a first-of-its-kind property/casualty and Internet of Things insurance policy that offers comprehensive and integrated enterprise-wide coverage against cyber risk.[Read More...]
September 16, 2016 Schools and Educational Institutions in the Sights of Cyber Criminals Like any business, educational institutions are increasingly dependent on the internet and technology to conduct daily activities, from online learning and test platforms, to storing sensitive student and employee information. A data breach or cyber-attack can compromise this confidential information or even prevent access to vital online services, leading to reputational damage and loss of income, not to mention legal action, regulatory costs and the associated disruption to the institution.[Read More...]
September 16, 2016 2016 Trends in Global Employee Engagement Reports confirm that top companies build and sustain a culture of engagement and are often led by CEOs who understand that employee engagement is critical to achieving business results. The financial implications of an engaged workforce are significant. Our research reveals consistent, statistically significant relationships between higher levels of employee engagement and financial performance, where a 5% increase in employee engagement is linked to a 3% increase in revenue growth in the subsequent year.[Read More...]
September 16, 2016 Time to Spring Clean Your Business Insurance Spring has sprung and it's the perfect opportunity to give your business insurance portfolio a good review and clean-up. When you're in the thick of running your business and tending to day-to-day work responsibilities, it's easy to leave aspects such as insurance simply to 'tick' over, but that could leave you compromised as your business evolves and its needs and exposures change.[Read More...]
September 16, 2016 Spring Clean Your Insurance Covers It's time for the honoured ritual of cleaning out the cobwebs and getting ready for Spring. It's also the perfect opportunity to divert some of that enthusiasm into tidying up your home and motor insurance policies, ensuring that you have the best cover in place for your specific needs.[Read More...]
August 16, 2016 Business Interruption 101 – Can you keep the wheels turning if a spanner hits the works? Starting a business is a huge achievement, while the greatest challenge is to sustain and develop it. There are many threats to a business that can take it from profitability to extreme financial hardship in an instant, and many risks are entirely beyond our control. When a constrained economy combines with other unexpected physical mishaps, the results can be as calamitous as the effects of throwing a spanner into the pistons of an engine.[Read More...]
August 16, 2016 The Insurance Industry: A Broker's Perspective The increasing complexity of the insurance industry due to regulation, compliance, globalisation and technological advancement presents a veritable minefield that people need to try and navigate on their own. This is where the broker plays a truly defining role in the insurance industry.[Read More...]
August 16, 2016 Cartel Criminalisation – An Insurance Perspective Cartel behaviour is nothing new and takes the form of colluding with competitors to fix prices, divide markets amongst themselves or collude in relation to the award of tenders. Cartel behaviour has historically been addressed by the competition Act of 1998, which took various companies to task in the form of hefty fines, while very little action and consequences were taken against directors who practice cartel conduct.[Read More...]
August 05, 2016 Fire, Floods, Brimstone… and Tornados? South Africa has been battered by severe weather phenomena, with startling disparities ranging from severe drought, devastating floods, violent hail storms, heavy snowfalls and even tornados, leaving a trail of destruction across the country.[Read More...]
July 16, 2016 The Debacle of Verified Gross Mass Regulations In May 2014, the International Maritime Organisation (IMO) approved the guidelines regarding the Verified Gross Mass (VGM) of a packed container carrying cargo, which the South African Maritime Safety Authority (SAMSA) gave effect to on 26 June 2015. These guidelines are an amendment to SOLAS (International convention for the Safety of Life at Sea) which requires a packed container's gross mass to be verified prior to loading aboard a ship and are applicable to containers that are transported on sea-going vessels. The guidelines are in force as of 1 July 2016.[Read More...]
June 16, 2016 The Insurance Industry: A Broker's Perspective The increasing complexity of the insurance industry due to regulation, compliance, globalisation and technological advancement presents a veritable minefield that people need to try and navigate on their own. This is where the broker plays a truly defining role in the insurance industry.[Read More...]
June 16, 2016 Winter Survival Tips for Homeowners As winter night time temperatures finally plummet into the sub-zero range, many home owners are finding out just how unpleasant and disruptive a burst geyser or water pipe can be. There's nothing quite like the sound of gushing water coming through your ceilings at 3am to test your sense of humour. Besides the geyser risks, heaters and fireplaces also present significant safety risks that need to be considered.[Read More...]
June 16, 2016 Increasing Employee Benefits in a Competitive Market We live in a world where we are faced with severe skills shortages. It is a cut throat industry where the most attractive job opportunity is king and staff retention is the name of the game. An employer's ability to compete as an innovative HR leader very much hinges on the success of a thorough engagement strategy that is capable of speaking to a diverse workplace.[Read More...]
June 16, 2016 Cyber Risk 101: What every business needs to know Statistics show that there are over 1.5million cyber-attacks every year or 4000 every day, although experts believe these figures are dramatically under-reported as most victims of cyber-attacks would prefer to keep the news under wraps. In our internet-connected society, cybercrime is a very real threat to any business or institution, regardless of size or nature of business that has a network, an internet connection and holds sensitive or personally identifiable data.[Read More...]
June 16, 2016 Aon's Earthquake Data Enhances World Bank's New Risk Reduction Tool Impact Forecasting, Aon Benfield's catastrophe model development team, has incorporated its latest earthquake data into the new tool, ThinkHazard!. Produced by the Global Facility for Disaster Reduction and Recovery (GFDRR), housed under the World Bank, this tool supports disaster risk reduction and preparedness. Aon Benfield is the global reinsurance intermediary and capital advisor of Aon plc (NYSE:AON).[Read More...]
May 16, 2016 The South African Aviation Insurance Market The aviation insurance market worldwide is extremely limited in comparison to other classes of insurance. Aviation insurance is highly specialised and extremely complex and it is therefore of paramount importance to only deal with brokers and Insurers who have the specialised ability to offer advice on and produce the correct products for the aviation insurance buyer.[Read More...]
May 16, 2016 Retirement Annuities 101 Ensuring that you are in a good financial position when you decide to retire one day should be a top financial planning priority from the day you start earning an income. There are a number of vehicles in which to invest your retirement savings.[Read More...]
Apr 16, 2016 Amateur's Guide to Driving in Snow Driving in snow is perhaps a common practice in the Northern hemisphere, but with the forecast of snow on the horizon for most of the country this coming winter, South Africans may find themselves in very unfamiliar territory.[Read More...]
Apr 16, 2016 Business Interruption Due To a Breach Is Top Cyber Risk Concern: Aon Global Cyber Benchmarking Report Findings underscore importance of conducting a cyber risk assessment, Aon outlines a three-step approach for assessing cyber risk[Read More...]
Apr 16, 2016 Is Your Wedding Ring Covered? South Africa's turbulent economic environment is wreaking havoc on the cost of just about everything. The knock-on effect can, however, be seen in the increasing value of appreciating assets, such as jewellery, where an updated valuation certificate could mean the difference between replacing a lost or stolen item or being underinsured.[Read More...]
Apr 16, 2016 Most Lethal Year for Terrorism in Europe in Nearly a Decade Aon Risk Solutions, the global risk management business of Aon plc, today launches its annual Terrorism and Political Violence Map, highlighting 2015 as the most lethal year for terrorist violence in Europe in nearly a decade as terrorists increasingly target private citizens and public gatherings. This marks the first net increase in global terrorism risk ratings since 2013, with the risk ratings of 18 countries experiencing an increase and 13 countries seeing a decrease.[Read More...]
Apr 16, 2016 Aon Receives Top Accolades Aon was a big winner at the Santam Broker Awards 2015, walking away with the award for Best Portfolio Administrator as well as the prestigious Diamond Award for Best Commercial Broker, in addition to Best National Broker.[Read More...]
Apr 16, 2016 Kidnapping for Ransom and Extortion on Increase Aon South Africa has issued security warnings to its clients via its WorldAware Operations Centre regarding a state of emergency declaration in Kaduna, Nigeria following a spate of kidnappings for ransom. The Kaduna State Police Command declared a State of Emergency on Tuesday 5 April 2016 to combat the spike in kidnapping cases in the state.[Read More...]
Apr 16, 2016 SA Workforce Has Low Understanding of Benefits and Compensation South African organisations are concerned about their employees' understanding of their compensation and benefits package. While 91% of companies communicate each individual's compensation and benefits package to their employees, a staggering 65% of companies rate the understanding of these packages as low.[Read More...]
Apr 16, 2016 Medical Malpractice claims in excess of R5m up 900% since 2009 Medical malpractice claims in excess of R5million have increased by 900% since 2009 and on average, one in every five claims are in excess of R1million, representing a 550% increase in the last decade. A few landmark claims have topped the R25million mark. The Gauteng health department is facing negligence claims amounting to R1.28-billion alone for the 2012/2013 financial year. The bulk of medical malpractice claims arise from high risk specialties including orthopaedics, neurology and obstetrics.[Read More...]
Apr 13, 2016 Most Lethal Year for Terrorism in Europe in Nearly a Decade Aon Risk Solutions, the global risk management business of Aon plc, today launches its annual Terrorism and Political Violence Map, highlighting 2015 as the most lethal year for terrorist violence in Europe in nearly a decade as terrorists increasingly target private citizens and public gatherings. This marks the first net increase in global terrorism risk ratings since 2013, with the risk ratings of 18 countries experiencing an increase and 13 countries seeing a decrease.[Read More...]
Mar 16, 2016 Is Your Golfing Insurance On Par? Golfing is steadily growing as a favoured pastime and golf estate living is a lifestyle that increasing numbers of South Africans are embracing. People are drawn to the allure of country living in the heart of the city that addresses security concerns and eliminates the need for 6-foot walls and electric fencing, offering unobstructed views of pedicured lawns and gorgeous scenery.[Read More...]
Mar 16, 2016 Managing Your Risk of Exposure to Burglaries East London, March 2016 - Aon South Africa has noticed a marked increase in residential robberies in the last year. According to the latest SAPS crime stats, robbery with aggravating circumstances increased by 8.5% to 129 045 reported incidences for the 2014/2015 period in South Africa; while robbery with aggravating circumstances increased by 10.9% from 440 to 488 reported incidences in the East London precinct, alone.[Read More...]
Mar 16, 2016 Hidden Insurance Benefits are Gold in Tight Economy With the Easter Holidays upon us, many are preparing to embark on their favoured holiday pastimes. However, before you do that, don't overlook the added benefits of your homeowners and vehicle insurance policy, as you may find a few things that can prove to be very handy.[Read More...]
Mar 16, 2016 Kenya Uncovers a Threat of Terror Security at major airports has been raised after intelligence was uncovered of impending attacks by al-Shabaab militants. This is according to Eric Kiraithe, head of security at Kenya Airports Authority. As per reports, as many as eleven militants underwent airborne suicide training in Somalia and may be planning to carry out an attack as early as March.[Read More...]
Mar 16, 2016 Business Warned to Review Risk Exposures as Rand Plays Havoc with Insured Values Businesses that procure equipment or supplies from international markets are at risk of significant losses if they have not reviewed the impact of the falling Rand on the insured value of their property and assets. In the last year, the cost to replace machinery or equipment procured in the US and Europe has rallied by more than 40%.[Read More...]
Mar 09, 2016 Slowing China and Weaker Commodity Prices Increase Political Risk in SSA According to Darlington Munhuwani, Regional Controller for Aon Sub-Sahara Africa, anti-corruption measures have contributed to a decrease in political risk in China, over the last year. "Nonetheless, inconsistencies in the anti-corruption drive and policy uncertainty have clouded the overall outlook. The rebalancing and slowing of the world's second largest economy are likely to present challenges for China's neighbours and key trading partners, who could experience higher political and economic risks as the pace and composition of growth changes. China remains an important trading partner for most countries in SSA and any further economic slowdown in China could have a negative and long term impact on the economies of these countries," says Munhuwani.[Read More...]
Feb 25, 2016 Impact on Retirement Funding and Healthcare On the whole the 2016 Budget speech placed much emphasis on the need to foster economic growth. It also focused on fiscal consolidation, aimed at stabilising debt as a percentage of gross domestic product (GDP) by means of more ambitious budget deficit targets, reduced spending plans and tax increases.[Read More...]
Feb 16, 2016 Are Importers and Exporters Correctly Insured? In the transporting of products to and from various markets around the globe, traders often make use of freight forwarders to assist with the administrative aspects of the movement of goods, storage and customs clearance. A long-accepted trend has been to arrange for insurance of the cargo through freight forwarders, typically all risks insurance as the freight forwarders' liability is limited in terms of their standard trading conditions.[Read More...]
Feb 15, 2016 Aon WorldAware Issues Travel Warning as Angola Faces an Outbreak of Yellow Fever Aon South Africa has issued travel warnings to its clients via its WorldAware operations centre regarding an outbreak of Yellow Fever in Angola. Reported Yellow Fever deaths have risen to 50, with more than 241 recorded infections at present.[Read More...]
Feb 09, 2016 Falling Rand Wreaks Havoc on Sums Insured The Rand's staggering fall against the US Dollar has serious implications for consumers when it comes to the sums insured on their motor and household insurance policies. In one year alone the Rand has devalued by 41% against the US Dollar from trading at R11.43 in January 2015 to R16.17 on Wednesday, 3 February 2016.[Read More...]
Jan 16, 2016 2015 Annual Global Climate and Catastrophe Report Impact Forecasting, the catastrophe model development centre of excellence at Aon Benfield, has released the Annual Global Climate and Catastrophe Report, which evaluates the impact of natural disaster events that occurred worldwide during 2015.[Read More...]
Jan 16, 2016 Is Your Insurance Cover Geared for Extreme Weather Conditions? It's a scene of startling disparities. While emergency drought relief measures are desperately needed in most of South Africa's key farming regions, Gauteng was battered over the weekend by powerful rain storms with golf ball-sized hail stones and raging winds. Freak hail storms in the last three years caused severe property and vehicle damage, collectively costing the insurance industry a staggering R2.5billion in losses.[Read More...]
Dec 15, 2015 How Much Is In Your Luggage? Ask anyone whose luggage has gone AWOL at an airport or who have fallen victim to car jamming on route to their holiday destination, what an absolute frustration it is – beyond the significant monetary loss - to spend the first days of the holiday in crowded shopping centres, trying to replace gear, Christmas gifts and a shattered holiday mojo.[Read More...]
Dec 15, 2015 Deepening Drought Highlights Fire Risks for Commercial Operations With drought conditions deepening in South Africa, fire risks increase, demanding more stringent fire risk mitigation and planning. A recent review of commercial fire claims and business shutdowns by authorities due to non-compliance with regulations suggests that business operators are not heeding this call seriously enough.[Read More...]
Nov 15, 2015 Fire Insurance Claims Climb as Drought Tightens its Hold South Africa's deepening drought and water crisis, spurred by the El Nino phenomenon is a stark reminder of just how vulnerable we are to the whims of mother nature. Water restrictions across the country have left crop fields fallow, landscaped gardens have withered away in the heat. Poor rains are forecast for South Africa until at least March 2016 exacerbated by the El Nino weather pattern, further stressing parched conditions and water shortages – and heightening runaway fire risks.[Read More...]
Nov 15, 2015 Global catastrophe losses in October expected to top USD10bn Impact Forecasting, Aon Benfield's catastrophe model development team, launched the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during October 2015. Aon Benfield is the global reinsurance intermediary and capital advisor of Aon plc.[Read More...]
Nov 15, 2015 Aon Launches New Fleet Risk Management Solution The increasing number of vehicle accidents on South Africa's roads, particularly those involving trucks, raises many questions about the standard of driver training, the safety of all road users and the soaring costs to repair the damage and lost productivity as a result. Managing soaring fleet costs, protecting company reputation and reducing the potential for liability means fleet managers are constantly having to review their risk management strategies, coupled to evolving technological advancements in the field.[Read More...]
Oct 15, 2015 What to Do If You Are In an Accident Swimming through the word soup of your vehicle insurance policy can be really frustrating. Let's face it, it's not exactly riveting stuff having to trawl through the jargon and definitions of what exactly you are covered for, and more importantly, what you are not covered for. Ideally, you really want to know and understand this detail before claims time.[Read More...]
Oct 15, 2015 Performance and Reward Evaluating fixed pay packages in South Africa across the banking industry is not without its nuances and can in some cases be a differentiator between one firm and the next.[Read More...]
Oct 15, 2015 Insurance Cover for Cycling Fanatics Cycling is taking South Africa by storm with enthusiasts taking to the streets and participating in events that are growing in popularity such as the Cape Argus Cycle Tour (35 000 participants) and the 94.7 Cycle Challenge (30 000 participants). Many cyclists however underestimate the financial implications of having to replace lost or damaged peddle cycles and gear with top of the range cycles costing as much as R75k.[Read More...]
Oct 15, 2015 Aon launches Underrated Threats Report 2015 with analysis from captive executives across 60 countries Aon Risk Solutions, the global risk management business of Aon plc (NYSE: AON), has launched an in-depth look at underrated threats which emerged from Aon's earlier Global Risk Management Survey.[Read More...]
Oct 15, 2015 What to Do If You Are In an Accident Swimming through the word soup of your vehicle insurance policy can be really frustrating. Let’s face it, it’s not exactly riveting stuff having to trawl through the jargon and definitions of what exactly you are covered for, and more importantly, what you are not covered for. Ideally, you really want to know and understand this detail before claims time.[Read More...]
Oct 15, 2015 2015 Retail and Wholesale Industry Report The retail and wholesale industry in South Africa has grown from around R106bn in 2011 to a projected R122bn by 2015, despite a tough economic climate. The stakes are however very high with operating efficiencies bearing the brunt of increased scrutiny. Operating in an omni-channel environment means that innovation is the name of the game. The ability to access accurate and timely information in addition to proactively addressing risk at every level of the organisation is critical.[Read More...]
Sep 15, 2015 Risk Lurking in Social Media for Educational Institutions An educator's well-intended advice to a parent on how to medicate their child's flu could very well result in a lawsuit on the basis of vicarious liability**. Educational institutions ranging from nursery schools through to universities and even educators, in their personal capacity, can be held legally liable for any medical advice dispensed on any social media platform.[Read More...]
Sep 15, 2015 Are Your Musical Instruments Covered? A top of the range violin can cost anything from R20 000 with a concert grand piano coming in at a staggering cost of up to R2.4 million. "Even if you play an instrument that is not quite as expensive, by the time you add a few accessories such as a bow or a few pics, plus a carry case, perhaps a good microphone, even your sheet-music; the total value adds up surprisingly fast," says Mandy Barrett of insurance brokerage and risk advisors, Aon South Africa.[Read More...]
Sep 10, 2015 If Kariba Dam Fails... The Kariba Dam is in a dangerous state. Opened in 1959, it was built on a seemingly solid bed of basalt. But, in the past 50 years, the torrents from the spillway have eroded that bedrock, carving a vast crater that has undercut the dam's foundations. Engineers are now warning that without urgent repairs, the whole dam will collapse. If that happened, a tsunami-like wall of water would rip through the Zambezi valley, reaching the Mozambique border within eight hours. The torrent would overwhelm Mozambique's Cahora Bassa Dam and knock out 40% of southern Africa's hydroelectric capacity. Along with the devastation of wildlife in the valley, the Zambezi River Authority (ZRA) estimates that the lives of 3.5 million people are at risk." (BBC, 3 October 2014)[Read More...]
Sep 04, 2015 Spring Cleaning Your Insurance Covers Everyone seems to have a spring in their step as the grass is greening and the trees are blossoming. As you embark on the time honoured ritual of spring cleaning your home and garden, it provides the perfect opportunity for you to ensure that your home is safe, your insurance policies are up to date and that you have the right-sized cover in place.[Read More...]
Aug 16, 2015 Managing the risks of celebrity sponsorships In a world obsessed with the lifestyles of the rich and famous, big brands are increasingly signing up with famous A-list celebrities and athletes to endorse their products and services. It's a highly effective and popular way to attract attention to a brand and its products through the shared positive associations.[Read More...]
Aug 16, 2015 2015 Trends in Global Employee Engagement Aon Hewitt's 2015 Trends in Global Employee Engagement Report confirms that top companies build and sustain a culture of engagement and are often led by CEOs who understand that employee engagement is not just a nice to have but critical to achieving business results. Leaders in these elite organisations also understand that employee engagement is primarily their responsibility.[Read More...]
Aug 15, 2015 Is your bottom line geared to handle regulatory and legislative changes? Regulations, originally designed to help businesses mitigate risks, are now perceived by organisations around the world as a key business risk. The cost and influence of regulations on businesses are such that even marginally incremental regulatory changes could add tremendous cost to a business entity, creating uncertainty in hiring and restricting expansion.[Read More...]
Aug 15, 2015 Cargo insurance vital as maritime losses grow Over 190 maritime incidents in 6 months, with many declaring general average. Recent studies show an increase in maritime incidents ranging from the grounding of cargo ships, collisions at sea and in port, water ingress, engine failure through to suspected piracy - with the crew, ships and cargo reported missing for months on end. These perils represented significant financial losses to cargo owners without the requisite marine insurance to protect their financial interests in their cargo, and in particular, for general average losses.[Read More...]
Jul 21, 2015 Aon WorldAware Issues Travel Warning Ten Northern Districts in Uganda Report an Outbreak of Malaria[Read More...]
Jul 15, 2015 Ironing Out the Finer Details on your Vehicle Insurance Swimming through the word soup of your vehicle insurance policy can be really frustrating. Let's face it, it's not exactly riveting stuff having to trawl through the jargon and definitions of what exactly you are covered for, and more importantly, what you are not covered for. Ideally, you really want to know and understand this detail before claims time.[Read More...]
Jul 15, 2015 Damage to Reputation cited as No.1 Business Risk Aon Global Risk Management survey shows 40% of businesses are unprepared to deal with a major reputational crisis.[Read More...]
Jul 15, 2015 Celebrating Engineering Excellence In order to showcase the quality, innovation, outstanding workmanship and professionalism of the Consulting Engineering industry Consulting Engineers South Africa (CESA) hosts jointly with Aon South Africa, a prestigious event known as the CESA Aon Engineering Excellence Awards.[Read More...]
Jun 15, 2015 Aon report reveals extent of cyber losses in Africa, Middle East and Europe More than a third of risk professionals throughout Africa, Europe and the Middle East have experienced a material or significantly disruptive loss relating to a data breach or security exploit in the past 24 months with the average, financial impact of these incidents in the region of $2.1 million. The most common EMEA cyber incident was an attack that caused disruption to business and IT operations.[Read More...]
May 15, 2015 Trade credit cover demand on the up Despite the fact that the Business Confidence Index rose by 0,8 points in April 2015, the South African Chamber of Commerce (SACCI) and Industry has warned of a range of factors negatively affecting business sentiment. According to SACCI, the first four months of 2015 suggests that the business climate is heading towards a more dismal 2015 than 2014 if the present inclination continues.[Read More...]
May 15, 2015 Winterise Your Home to Minimise Insurance Risk Winter is well and truly here and the plummeting temperatures usually bring a fair amount of mayhem and discomfort with it. The good news is that with some simple preparations and planning to ‘winterise' your home, cold temperatures don't have to sub-zero your pocket or your mood.[Read More...]
May 15, 2015 Aon releases 2015 Terrorism and Political Violence Map Terrorism and political violence present unique challenges to any company with a global footprint. Understanding the human and commercial exposures is a key aspect of risk mitigation. Now in its fifth year, Aon's Terrorism and Political Violence Map, continues to help business to closely consider and evaluate their exposures to these unique and complex risks.[Read More...]
May 04, 2015 Aon South Africa Announces New CEO Appointment Aon South Africa today announced the appointment of Terence Williams as Chief Executive Officer with immediate effect. Terence Williams replaces former CEO Anton Roux, who held the reigns for ten years. Roux will remain with the company as Chairman of Aon Sub-Sahara Africa and a board member.[Read More...]
Apr 15, 2015 Power Crisis: Catch 22 As South Africa's power crisis deepens, businesses and households are opting to beat power cuts by acquiring back-up and renewable energy solutions – from generators that cost around R6k and upwards, through to sophisticated solar photovoltaic (PV) and inverter solutions which start from around R100k. But as with any industry that sees sudden and significant demand, criminals have not missed the opportunity to cash in by selling stolen property to consumers looking to save a quick buck.[Read More...]
Apr 15, 2015 Aon unveils latest global risk management data For the first time since 2007, damage to brand and reputation has emerged as the top-ranked risk in Aon's 2015 Global Risk Management Survey, while cyber risk has entered the top 10 for the first time this year. The connection between these two risks has been felt around the world in 2014, as a rash of data breaches demonstrated the fragile nature of consumer trust in leading corporations.[Read More...]
Apr 08, 2015 Aon WorldAware issues Security Alert as Kenya Anti-Terrorism Rallies Set to Take Place This Week Aon South Africa has today issued security warnings to its clients via its WorldAware Operations Centre following the announcement by civic leaders from Kenya's North Eastern province to hold a series of rallies that will take place to combat a growing presence of radicalisation in the country.[Read More...]
Apr 08, 2015 Carbanak Attack Costs Banks $300 million The announcement on 14 Feb 2015 of a sophisticated global cyberattack affecting more than 100 banks in 30 countries has been a shocking wake-up call to institutions and businesses across the globe to get their cyber risk management in order. In particular, ensuring they are appropriately insured in terms of the type of losses their businesses can suffer as a result of a hack is paramount.[Read More...]
Mar 15, 2015 Are You Adequately Covered For Fire Damage? Have you ever really thought about what would happen if you lost your home and all your possessions in a fire? If you live in a fire prone area, you may have an inkling of the anxiety and strain of being ordered to evacuate your home, or watching helplessly as walls of flames engulf your neighbourhood, desperately hoping that it doesn’t reach your home.[Read More...]
Mar 13, 2015 Tension rises in The Insurance Apprentice With the very first task of The Insurance Apprentice done and dusted, it is now time to move onto the second task. But before we move on here is a brief recap of the first task.[Read More...]
Mar 04, 2015 Falling oil prices have global implications: Aon Political Risk Map 2015 Aon Risk Solutions, the global risk management business of Aon plc (NYSE: AON), today unveiled its’ 2015 Political Risk Map which portrays political risks in 163 emerging markets.[Read More...]
Feb 15, 2015 Cyber risks Severely Underrated by EMEA Businesses South Africa is the 5th most targeted country in the world in terms of cybercrime attacks, while informal consensus within the private sector places SA third behind Russia and China. Cybercrime is any crime involving a computer or internet and SA is perceived by syndicates as fertile ground for hacking attacks as they believe there is little chance of arrest and successful conviction on SA soil. Beyond the immediate threat of cyberattacks, the criminal activity is also linked to other illegal activities such as human trafficking, drug smuggling and money laundering.[Read More...]
Feb 13, 2015 You're In It Together South Africa's stature as a world-class destination for large sporting events, most notably the recent Afcon Cup and the Soccer World Cup before that, is growing tremendously. Given this status, there is increasing scrutiny by regulators, noted in the recently promulgated Safety at Sports and Recreational Events Act (the "SASREA"), to address the inadequacies which have been prevalent in many sports and entertainment events.[Read More...]
Jan 20, 2015 Don't Become a Victim of Opportunistic Crime A recent video depicting a smash and grab on Witkoppen Road in Fourways, Gauteng is doing the rounds on social media, begging the question of how we can protect ourselves from falling victim to the spate of opportunistic crime that seems to be an everyday event in South Africa.[Read More...]
Jan 15, 2015 Load shedding Woes Present Opportunities for Criminals As load shedding across the country wreaks havoc in homes, businesses and in the traffic, criminals have not missed the opportunity to capitalise on the compromised security. Five houses were robbed in the Waterval Estate in Northcliff during stage 2 load shedding on Monday 26 January, and there is every expectation that the trend will pick up as load shedding continues.[Read More...]
Jan 14, 2015 EMEA Employee Benefits Communication Survey 2015 Aon, the global talent, retirement and health solutions business has released the findings of its EMEA Benefits Communication Survey for 2015. The survey collected responses from 1149 organisations across 28 countries, including South Africa, to provide an overview of trends in benefits communication across the EMEA region. This year's report, the third of its kind, attracted more than double the number of respondent companies compared with 2014, adding greater scope to the results and demonstrating the importance that benefits play in attracting and retaining quality people.[Read More...]
January 13, 2015 The Year Ahead: 2015 As we head into 2015, we are all too aware of the financial constraints that consumers are facing.  The average projected GDP until 2017 is only 3%, while consumers will need to fork out more on fuel price hikes, ever increasing water and electricity utility bills, high education costs and the rapidly increasing cost of living, especially on food stuffs.[Read More...]

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