Category: Risk Management
Boards urged to consider geopolitical risk within a regulatory framework
Corporate boards face increased complexity today, with heightened geopolitical risk key among the concerns they must consider as they guide the compan [...]
Balancing innovation and exposure: Insurance sector’s emerging tech challenge
In an evolving risk landscape, global insurers and reinsurers must strike a balance between innovating to identify and mitigate risks and recognising [...]
Risk-based capital is going to be a long-term play for underwriters
Insurers and reinsurers have been advised to take a long-term view in propping up their capital to levels that are proportionate to the risks they [...]
US uncertainty fuelling concerns about political risk worldwide, finds Willis
Political risks rank among the top five risks on the enterprise risk management (ERM) risk register for 75% of global companies, with 11% identifying [...]
Increased insurance uptake offers path to resilient disaster management in South African municipalities, suggests new report
South Africa’s National Treasury has suggested that greater uptake of insurance would help its municipalities survive a severe natural disaster.
In [...]
Tax brinkmanship and trade tariff war test South African insurers’ resilience
The executive teams at many of South Africa’s major financial institutions are no doubt incensed over National Treasury’s last-minute recant of a half [...]
SA freight rail crisis now a national risk
South Africa’s stalled shift from road to rail has become a strategic economic risk with far-reaching consequences for logistics resilience, business [...]
Africa proving resilient but global markets interrupting growth
Economic growth in Africa is showing some resilience in the face of multiple shocks, according to the International Monetary Fund (IMF), however, the [...]
Africa’s insurers, reinsurers ready to embrace AI, but fear of unintended consequences abound
The majority of Africa’s insurance and reinsurance leaders would consider replacing some of the underwriting roles with artificial intelligence (AI) t [...]
Insurance regulators open to AI use for as long as policyholders are at the centre
African regulators have warned of a growing divide as the use of artificial intelligence (AI) takes hold, but they are expressing willingness to allow [...]