News
Reinsurance Solutions Intermediary Services is growing all the time.
Take a look through our news articles for more on our latest client wins, new products and services, and exactly how we're helping Southern African insurance firms meet their customer obligations.
Southern African reinsurance trend forecast for 2025
February 27 2025 By Reinsurance Solutions
The year has got off to a busy start for Southern African reinsurers. Cyclones in December and January caused fatalities, casualties and extensive damage in Mozambique and Madagascar; political violence in Mozambique left hundreds dead; and severe flooding affected South Africa and Botswana. While political violence and terrorism remain constant perils on the continent, climate-related risk is expected to increase in the year ahead. Increased dem...
Read MoreBankers Blanket Bond: A shield against rising occupational fraud
December 06 2024 By Reinsurance Solutions bbb insurance, bankers blanket bond
Global financial institutions recorded a staggering 40% increase in occupational fraud between 2018 and 2022* while worldwide occupational fraud losses topped $42 billion** last year. Occupational fraud, perpetrated by employees within the organisation, poses a significant threat to the banking sector. Such misconduct, if left unchecked, can have far-reaching consequences, potentially leading to substantial financial losses and reputational dam...
Read MoreParametric insurance - a lifeline for Africa
November 12 2024 By Reinsurance Solutions parametric insurance, natural disasters
In the face of growing climate change-related events, parametric insurance is being touted as the best possible protection for businesses operating in Africa. The World Economic Forum goes as far as to say that 'it could become a key part of the relief capital mix' as it offers a quick and relatively low-cost insurance solution. With many clients operating in industries at the forefront of climate change risks in Africa, Reinsurance Solutions has...
Read MoreCEO to CEO: The most challenging risks facing re/insurers right now
May 22 2024 By Cameron Cupido cameron cupido, risks, threats
As a South African CEO plotting a course through these challenging times, I wanted to reach out to other CEOs and share my personal insights around pressing issues, but also opportunities, in the hope this opens up dialogue around the current climate and topical matters impacting South African businesses. If you would prefer to opt out of these personal communications, please do so here. The most challenging risks facing re/insurers right now Inc...
Read MoreReinsurance Solutions, Fortree Management Services join forces in captive re/insurance offering
May 10 2024 By Reinsurance Solutions captive insurance, fortree, mauritius
Reinsurance Solutions has entered into a strategic partnership with Mauritius-based financial services provider, Fortree Management Services, to provide local, African and global clients with access to pure captive re/insurance. Working with Mauritian regulators, the collaboration seeks to make Mauritius a preferred pure captive insurance jurisdiction in the world, providing a comprehensive service to potential captive owners or businesses wantin...
Read MoreMajor trends shaping Southern African reinsurance in 2024
March 26 2024 By Byron Govender reinsurance, renewals, trends, 2024
Reinsurers want to understand where and why specific cover is being deployed; they want their cover to be valued; and they will continue to favourably support insurers writing multiple lines, as this ensures market diversity. These were among the key insights coming out of Reinsurance Solutions Intermediary Services' (RSIS) recent contract renewal process with cedants, which revealed a number of trends currently influencing the reinsurance sector...
Read MoreA cyber insurance solution for African businesses
February 21 2024 By Bervin Momba insurance, reinsurance, cyber insurance, bervin momba
The rate of cyberattacks on businesses around the world is increasing at a pace never seen before, fuelled by sophisticated technology, including the use of artificial intelligence to launch more vicious attacks and bypass cyber security systems. Latest tech leads to more damaging attacks The most common form of cybercrime facing both businesses and individuals is phishing, notes London-based IT services provider, AAG. In 2021, 323 972 internet u...
Read MoreImproved management for climate change-related risks proposed: what this means for insurers
December 05 2023 By Thato Raboroko
There has been increased focus in recent years on climate-related risk and the challenge this poses for insurers. In South Africa, recent significant flooding events have raised the profile of climate change and its impact on the safety and soundness of individual insurance institutions, as well as the broader insurance sector. It is off the back of this that in August 2023, South Africa's Prudential Authority (PA) - the supervisory arm of the SA...
Read MoreReinsurance Solutions Zambia awarded trading licence
December 01 2023 By Reinsurance Solutions reinsurance, africa, souther africa, zambia
Reinsurance Solutions Zambia, the local office of the global Reinsurance Solutions Group, has been awarded a trading licence effective 1 December 2023 by the Pension and Insurance Authority (PIA). Bervin Momba, MD of Reinsurance Solutions Zambia, made the announcement today on behalf of the company's board of directors. Reinsurance Solutions Zambia was founded in Lusaka on 11 October 2022. It provides superior reinsurance broking solutions to the...
Read MoreManaging risk exposure with alternate reinsurance structures
November 23 2023 By Nicole Lopes life insurance, structures, reinsurance
Over the years, the constantly changing dynamics and demands of the modern life insurance market have necessitated a fresh approach to reinsurance structures. These alternative reinsurance structures provide innovative solutions to life insurers looking to efficiently manage their risk exposures while maximising their profitability. There are a number of alternative structures that are gaining traction among life insurers including quota share re...
Read MoreReinsurance is a non-negotiable for medical insurers operating in Africa
November 09 2023 By Nicole Lopes healthcare, nicole lopes, reinsurance, accident and health, a&h
Africa's healthcare landscape is rapidly transforming, driven by increased public demand for quality medical services and improved access to healthcare. Bridging the gap between patients and healthcare providers are insurers, which find themselves facing serious challenges in providing adequate coverage. Reinsurance, however, is proving beneficial in helping insurers in Africa navigate this uncertain terrain. Barriers to coverage One of the most ...
Read MoreRSIS launches innovative cyber insurance solution for businesses
October 26 2023 By Reinsurance Solutions cyber insurance
Cybercrime is rapidly increasing in Southern Africa, with the region recording among the highest number of ransomware and business email attacks in Africa. To address this constantly evolving business risk, reinsurance broker, Reinsurance Solutions Intermediary Services (RSIS), has teamed up with cyber security firm, Fullstream Business Service (FBS), to develop a tailored cyber insurance solution for Southern African businesses, underwritten by ...
Read MoreCEO to CEO: Navigating virtual leadership in a global workplace
September 28 2023 By Cameron cameron cupido, ceo outlook
As a South African CEO navigating these difficult times, I wanted to reach out to other CEOs and share personal insights around this issue in the hope it might resonate and open up dialogue around the challenges we're all currently facing. Navigating virtual leadership in a global workplace The worldwide pandemic lockdowns of 2020/21 delivered to many multinational businesses a scenario that had likely escaped their business continuity plans: h...
Read MoreSouthern Africa needs flood modelling now more than ever before
May 22 2023 By Thato Raboroko flood modelling, catastrophe modelling, reinsurance, risk management, risk mitigation
In the years between 2017 and 2023, Southern Africa experienced three of its deadliest tropical storms: Cyclone Idai (2019, 1 300 deaths); Cyclone Freddy (2023, 500+ deaths) and tropical storm Dineo (2017, 250 deaths). It also experienced Cyclone Kenneth (2019), Africa's strongest cyclone ever recorded. Madagascar, Mauritius, Mozambique, Zimbabwe and Malawi are in the direct path of these devastating Indian Ocean storms, which are on track to in...
Read MoreCEO to CEO: Addressing the re/insurance skills shortage in SA
March 28 2023 By Cameron Cupido cameron cupido, skills shortage, re/insurance industry
As a South African CEO navigating these difficult times, I wanted to reach out to other CEOs and share personal insights around this issue in the hope it might resonate and open up dialogue around the challenges we're all currently facing. Where are all the skilled brokers? When we launched Reinsurance Solutions Intermediary Services in South Africa in 2020, it was with a handpicked team of professionals that we knew would excel. They were all ...
Read MorePost pandemic - what does the future hold for global insurance?
March 16 2023 By Maya Nundloll André post pandemic, esg, maya nundloll andré
The Covid-19 pandemic and its associated worldwide lockdowns had a significant impact on the insurance sector. As with previous recessions, personal lines were less vulnerable than commercial lines to the global disruption, and although initial data shows some positive growth, long-term growth is expected to remain low. How does the insurance industry not only recover, but boldly move forward, from this setback? Slow growth trajectory Accordin...
Read MoreReinsurance Solutions Group puts Africa on the map at Dubai World Insurance Congress 2023
March 14 2023 By Reinsurance Solutions dwic, dubai, resinsurance, risk management
Reinsurance Solutions Group (RSG) attended the Dubai World Insurance Congress 2023, jointly hosted by Global Reinsurance and the Dubai International Finance Centre (DIFC), on 8 and 9 March 2023 in Dubai, UAE. The congress was themed 'Resilience: Navigating the storm to a better world', and brought together more than 1 500 insurance and reinsurance leaders from 60 countries around the world, specifically the Middle East and Maghreb countries. ...
Read MoreReinsurance Solutions opens Zambian office, appoints Bervin Momba MD
March 13 2023 By Reinsurance Solutions zambia
Reinsurance Solutions has extended its Southern African footprint and opened an office in Lusaka, Zambia, with Bervin Momba at the helm as MD. While the new office is still awaiting its license, Shashi Ramdany, Reinsurance Solutions CEO, says Momba will hit the ground running when the branch gets the greenlight. "Bervin will be involved in the set up and running of the new office, as well as the day-to-day broking of existing business and driving...
Read MoreRSIS appoints Byron Govender Executive Broker
March 13 2023 By Reinsurance Solutions
Reinsurance Solutions Intermediary Services has expanded its broker team in Johannesburg with the appointment of Byron Govender to the position of Executive Broker. Govender is based at the firm's Woodmead offices from where he will serve clients across the country. Cameron Cupido, RSIS CEO and Executive Director Indian Ocean Islands, Reinsurance Solutions Mauritius, says Govender will play a vital role in helping the company pursue its growth ta...
Read More2022: slow growth, but recovery is in sight
December 14 2022 By Cameron Cupido
Coming off the back of two difficult years for the insurance sector, it was hoped that 2022 would show signs of recovery, as markets around the world stabilised. While that has been the case to a large extent, growth has been slower than anticipated. Looking back, one of the highlights of the year was undoubtedly the chance to travel abroad again. In October I travelled to Europe for stakeholder meetings, and came to sincerely appreciate in-perso...
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