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COSTLY NATURAL DISASTERS

According to Swiss Re, economic losses from disaster events in 2024 totalled $318 billion, with 57% of those losses uninsured. This reportedly resulted in a substantial global protection gap of $181 billion.

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NOTEWORTHY NEWS IN NUMBERS

12%:

annual increase in global data centre electricity consumption, 4x more than the growth in demand for electricity.

1,000:

number of cargo ships using Wayfinder, a forecasting system that aims to significantly reduce CO2 emissions.

43%:

energy efficiency rate of perovskite, a synthetic material, compared to 29% in silicone cells currently used in solar panels.

 

GREY VEHICLE RISK

Grey vehicles are used vehicles entering SA through unauthorised channels, costing the country’s revenue service up to R8 billion annually. In addition, they may not meet local industry safety standards.

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PASSWORD ATTACKS

Microsoft recently warned of a password spraying attack by a hacking group that targeted cloud tenants. Preventing this type of cybersecurity breach doesn’t require advanced technical knowledge, so learn how...

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PROTECTING YOUR PROPERTY ASSET

Buying a home is a solid financial investment, yet it comes with significant responsibilities and sometimes hidden costs. These tips will ensure you enjoy the benefits while avoiding unnecessary stress.

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YOUTUBE’S MILESTONE

YouTube celebrates its 20th anniversary in 2025. About 20 million videos are uploaded daily, with over 100 million comments from users. This is what the future holds…

 
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The Insurer newsletter and the content of any article published herein, should not be construed as forming part of any insurance contract or policy nor as constituting any form of advice. It is aimed at providing an informal and informative read to the readers thereof. Whilst every effort is taken to attempt to ensure the accuracy and correctness of the information contained herein, Safire Insurance Company Limited does not give any assurance regarding such accuracy or correctness and accordingly does not accept any liability whatsoever for any loss or damage, whether direct, indirect or consequential, arising from any reliance placed in the information contained herein.

 
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Reg No: 2000/027673/06
A licensed non-life insurer and authorised
Financial Services Provider [FSP No: 2092]
Phone: 033 264 8500
Email: admin@safireinsurance.com
Web: www.safireinsurance.com

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