Author: John Mungabe
South Africa’s Stage 8 loadshedding imperils the ‘socio-economy’
The Institute of Risk Management South Africa (IRMSA) believes there are significant risks posed by the potential implementation of Stage 8 mid-winter [...]
Sasria decisions on grid failure and riots questioned
Sasria SOC Ltd’s recent retraction of a notice, which initially stated that it would not cover claims resulting from civil unrest following grid failu [...]
South Africa’s New National partners with JBA Risk Management for global flood data
Insurer New National Assurance has signed an annual deal with JBA Risk Management for the use of its flood data for South Africa.
The 50-year-old s [...]
Warning on cyber risks as 26% of CEOs fear they will face an attack within the year, says PwC
Twenty-six percent of CEOs in Africa believe their companies will be exposed to cyber risk in the next 12 months, with 33% predicting an issue in the [...]
Retirement funds facing significant regulatory change, warns PwC
The retirement funds industry in South Africa has experienced significant regulatory changes over the past couple of years and it has become ever more [...]
Insurer joins US government efforts to promote and enhance climate resilience across Africa
In response to US Vice President Kamala Harris’s call for the private sector to promote and enhance climate resilience, adaptation and mitigation acro [...]
Companies – including insurers – should have grid collapse plans in place, says SA risk body
While reassurances have been given that the chances of a total electricity grid collapse are low, it has now become incumbent on the South African ris [...]
Santam South Africa to buy MTN South Africa’s insurance book
Santam, South Africa’s short-term insurer, is to buy MTN South Africa’s device insurance book.
The pair said the acquisition, and alliance, is to s [...]
GFIA launches guidelines for insurers on diversity, equity and inclusion
The Global Federation of Insurance Associations (GFIA) has published a set of principles on diversity, equity and inclusion (DEI).
GFIA recognises [...]
Insurtech Naked gets US$17m boost in bid to have a greater social and developmental impact
South Africa-based Naked insurance is to get a US$17m investment to help increase access to insurance products and services across the country.
IFC [...]