Indwe Risk Services (Pty) Ltd is one of South Africa’s largest independent brokers, offering personal, business and specialist risk and insurance advisory services. It manages the insurance claim administration of numerous large listed manufacturers, retailers and prominent conglomerates. No two Indwe clients are alike. Thus, with the collaboration of thryve, it developed Lyme, […]
Risk Management, Thought Leadership
Interview: Insurance capacity might soon shrink – and customers need to pick up the slack
17
May
May
Mitigating risk through the purchase of insurance is a tried-and-tested method used by organisations. But picture the day when organisations must compete with each other for insurance capacity. This may not be far away. Several different factors in the insurance world are causing capacity to shrink (hence price/premium inflation) and this may create […]
10
May
May
Insurance companies need to prepare themselves: the digital wave has reached the sector’s shores. For more than a decade, incumbent underwriters, brokers and UMAs have noted the potential impact of technology but did pretty little about it. This attitude has created a gap for a fledgeling insurtech market to develop. Insurtech seems small, […]
10
May
May
This article is part one of a series unpacking the five Call To Actions in IRMSA’s 2021 Risk Report. To learn more about the five CTAs and the report, please read this blog from thryve’s Managing Director. Risk management roles are currently undergoing a transformation, moving from a reactive support role to a […]
18
Mar
Mar
By Sean Pyott, Managing Director of thryve The new risk report from The Institute of Risk Management South Africa (IRMSA) is their best yet. Part of that credit can go to the experience of releasing seven editions of what has become a definitive and internationally-recognised paper on South Africa. Creating an authentic local […]
16
Mar
Mar
In his famous work, The Art of War, Sun Tzu lays out a few basic principles for winning a conflict. He notes time and again that a fed- and equipped army is an effective army, so look after supply lines. This is the basic idea of Operational Resiliency, a concept gaining traction […]
24
Feb
Feb
“As risk professionals, will you step up and be bold? Step up and be the voice of risk management!” With these words, the Institute of Risk Management South Africa (IRMSA) CEO, Thabile Nyaba, launched the 2021 edition of IRMSA’s risk report. Focused on South Africa, the report breaks down the country’s opportunities and […]
22
Feb
Feb
What are the risks facing South Africa and the world this year? How can you start building a data culture in your business? And what should you look for when hiring a Chief Risk Officer? Our monthly selection of blogs from thryve’s partners Salesforce, Riskonnect and Tableau, and other interesting articles we read […]
10
Feb
Feb
By Sean Pyott, Managing Director of thryve I’m looking forward to reading IRMSA’s new risk report, due later this month. For several years, the IRMSA report has been the primary benchmark for summarising South Africa’s risk – developed because global risk reports don’t provide the nuance we need for a local context. That […]
10
Jan
Jan
Since 2014, the Institute of Risk Management South Africa (IRMSA) has released an annual report focusing specifically on South Africa’s risk landscape. Soon to appear in its seventh edition, this report is already widely recognised as the definitive view on South Africa’s different risks, how they impact its people and industries, and what […]