Ralph Gregore Masalihit’s Post

What is property insurance? Can the land or plot be insured? How to calculate the value of a building for insurance? #insurance #propertyinsurance #buildinginsurance #landinsurance #shortsfeed https://lnkd.in/gMa6Rei9

Reserve Bank launches insurance firm to safeguard bank deposits The South African Reserve Bank (SARB) has officially unveiled the Corporation for Deposit Insurance (CODI). This newly established entity, launched in Sandton on Thursday, marks a significant stride in enhancing trust and safeguarding depositors’ interests within the domestic banking sector. CODI’s primary objective, as outlined by the SARB, is to protect qualifying depositors in the event of a bank failure. These include individuals and non-financial businesses.  Mitigate risks within the banking landscape The establishment of CODI aligns with the SARB’s mandate to ensure financial stability and mitigate risks within the banking landscape. Under CODI’s coverage, each qualifying depositor per bank […]

Reserve Bank launches insurance firm to safeguard bank deposits The South African Reserve Bank (SARB) has officially unveiled the Corporation for Deposit Insurance (CODI). This newly established entity, launched in Sandton on Thursday, marks a significant stride in enhancing trust and safeguarding depositors’ interests within the domestic banking sector. CODI’s primary objective, as outlined by the SARB, is to protect qualifying depositors in the event of a bank failure. These include individuals and non-financial businesses.  Mitigate risks within the banking landscape The establishment of CODI aligns with the SARB’s mandate to ensure financial stability and mitigate risks within the banking landscape. Under CODI’s coverage, each qualifying depositor per bank […]

Asking for, and following up requests for certificate of currencies from tenants is an arduous task for property managers, but a must to minimise risk and ensure lease compliance. #certificateofcurrency #insurance #pm101 #commercialpropertymanagement

Counter Bank Guarantee Insurance is an insurance product that guarantees payment of bank obligations to third parties (beneficiaries) in the event of default by the principal (bank guarantee applicant). Benefits of Counter Bank Guarantee Insurance: 1. Provide certainty of payment to the beneficiary 2. Helping the principal get a bank guarantee 3. Increase the principal's credibility 4. Help the principal complete the project Counter Bank Guarantee Insurance can be the right solution for principals who need a bank guarantee to complete a project. With this insurance, the principal can increase his credibility and obtain certainty of payment to the beneficiary. #CounterBankGuaranteeInsurance #insuranceinsightchannel

Reserve Bank launches insurance firm to safeguard bank deposits The South African Reserve Bank (SARB) has officially unveiled the Corporation for Deposit Insurance (CODI). This newly established entity, launched in Sandton on Thursday, marks a significant stride in enhancing trust and safeguarding depositors’ interests within the domestic banking sector. CODI’s primary objective, as outlined by the SARB, is to protect qualifying depositors in the event of a bank failure. These include individuals and non-financial businesses.  Mitigate risks within the banking landscape The establishment of CODI aligns with the SARB’s mandate to ensure financial stability and mitigate risks within the banking landscape. Under CODI’s coverage, each qualifying depositor per bank […]

Reserve Bank launches insurance firm to safeguard bank deposits The South African Reserve Bank (SARB) has officially unveiled the Corporation for Deposit Insurance (CODI). This newly established entity, launched in Sandton on Thursday, marks a significant stride in enhancing trust and safeguarding depositors’ interests within the domestic banking sector. CODI’s primary objective, as outlined by the SARB, is to protect qualifying depositors in the event of a bank failure. These include individuals and non-financial businesses.  Mitigate risks within the banking landscape The establishment of CODI aligns with the SARB’s mandate to ensure financial stability and mitigate risks within the banking landscape. Under CODI’s coverage, each qualifying depositor per bank […]

Deposit insurance is a mechanism by which financial institutions are stabilized. The danger of a bank’s inability to meet its consumer commitments due to its suspended license is insured through deposit insurance practices. A flat-rate insurance scheme would contribute to moral hazard and a financial panic when banks indulge in dangerous practices. Hence, a reliable model with an explicit solution is required. This paper considers a risk rate model for deposit insurance engendered by the classical Black Scholes Option Pricing Model. The solutions are obtained via the application of Banach Contraction Mapping or Method. The procedures involved are straightforward, easy, and flexible, even without giving up accuracy. The desired explicit solutions are obtained with less computational time.

WHAT YOU SHOULD KNOW ABOUT REINSURANCE (AND YOUR BANK) EVENT RISK AKA "BLACK SWANS" are what keeps insurance companies and their reinsurers awake at night. 2001 marked the biggest insured losses in human history---USD 45bn [see comment]. Will 2024 set a new water mark? WHY IS STATE FARM is exiting home insurance in California? Read here: "State Farm plans to send non-renewal notices to 72,000 home and apartment policyholders starting this July. State Farm plans to stop renewing home and apartment insurance policies in California beginning July 3." EVER SINCE 2001, the reinsurance industry has sped up development of more sophisticated risk models and syndication (spreading the risk across more reinsurers). LLOYD'S OF LONDON runs the world’s largest insurance market, with heavy exposure to marine insurance markets among its 77 companies. "Barclays estimated that insurers could face claims above $3bn (£2.4bn) as a result of the bridge collapse, with firms on Lloyd’s of London’s market the most exposed. Claims for damage to the bridge alone could reach $1.2bn, and there could also be liabilities of between $350mn and $700mn for wrongful deaths. Hundreds of millions of dollars more would probably have to be paid out for business disruption caused by the port’s closure. Smaller London market reinsurers will be comparatively more exposed." THIS PODCASTER ADDS a decimal point to estimates, too early to know the real figure. But insurance is closely intertwined with banking, so pay close attention to (especially) UK bank health as Lloyd's tallies the total ReIns tab. #lloydsoflondon #barclays #reinsurance #statefarm #california #blackswan

Asking for, and following up requests for certificate of currencies from tenants is an arduous task for property managers, but a must to minimise risk and ensure lease compliance. #certificateofcurrency #insurance #pm101 #commercialpropertymanagement