Author: John Mungabe
IAIS adopts global insurance standard
The International Association of Insurance Supervisors (IAIS) has adopted a global insurance capital standard (ICS). Additionally, members endorsed su [...]
Storm highlights need to have regular insurance valuations, warns South African risk manager
A severe storm that struck parts of Randfontein and Westonaria in Gauteng recently left a trail of destruction, injuring 24 people and causing extensi [...]
IRMSA welcomes City Power-Eskom agreement but urges continued vigilance in risk management
The Institute of Risk Management South Africa (IRMSA) has welcomed an agreement between City Power and Eskom, which has averted imminent power cuts t [...]
Trump’s election offers strategic risks and preparedness opportunities for Africa’s risk community
The election of Donald Trump as President of the US brings both strategic risks and unique opportunities for African nations. This shift highlights th [...]
New disaster resilience vehicle from Lloyd’s launched with plans to expand to Africa
Lloyd’s of London has announced a pioneering disaster resilience vehicle with the United Nations Capital Development Fund (UNCDF) to deliver disaster [...]
Risk agency warns Gauteng’s water crisis will intensify without strategic action
Gauteng province, in South Africa, is facing a critical summer as Rand Water warns that the province’s water storage may soon be depleted. Considering [...]
SANEA champions stronger leadership as the solution to South Africa’s energy crisis
For the past decade, many parts of South Africa’s energy sector have been impacted negatively by problems including mismanagement, corruption and crum [...]
GFIA warns Zambian government that changes to the insurance law will reduce foreign investment
The Global Federation of Insurance Associations (GFIA) has written to Zambia’s Finance Minister, raising concerns over the country’s Insurance Act No. [...]
Proactive climate risk planning now crucial for business and local government in wake of extreme weather events, warns South African risk manager
In response to the unprecedented snowfall across parts of KwaZulu-Natal and the Free State provinces, South African risk management company Riskonet A [...]
South Africa’s two-pot misconceptions unravelled by Sanlam
With less than a month since the implementation of the two-pot retirement system in South Africa, the surge in withdrawal applications continues and S [...]