Category: Risk Management
South Africa’s risk managers urged to prepare for geopolitical and economic uncertainty
The Institute of Risk Management South Africa (IRMSA) is urging local risk managers to prepare for an increasingly uncertain global and domestic lands [...]
California wildfires hold vital lessons for African insurers and regulators
Global insurers and reinsurers banking on benign natural catastrophe losses in 2025 had their hopes dashed early in the New Year, as a series of w [...]
Crises produce opportunity, but businesses cannot ignore the here and now, suggests latest WEF risk report
An increasingly fractured global landscape where escalating geopolitical, environmental, societal and technological challenges threaten stability and [...]
African companies fear government’s ability to respond to major cyber attack, warns WEF
African businesses are more worried about their government’s ability to respond to major cyber incidents than colleagues in Europe or North America.
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Fuel supply disruptions at Johannesburg airport highlight critical risks to South Africa’s aviation sector
The recent refuelling crisis at Johannesburg’s main airport, O.R. Tambo International Airport, which caused widespread delays and disruption for trave [...]
Repeated fires emphasise chance for insurers to safeguard Zimbabwe’s small businesses
On October 9, 2024, Zimbabwe woke up to devastating news for micro, small and medium-sized enterprises (MSMEs). A fire razed parts of the Mbare inform [...]
Business leaders worry that sustainability is a major drain on resources
A new report has revealed that sustainability is a major drain on resources and business leaders are worried they may fail to meet targets.
The Tru [...]
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 [...]
80% of risk managers fear their organisations may not respond effectively to emerging risks, warns WTW
Only two in 10 (20%) key decisionmakers and the teams supporting them believe their organisation will be able to respond adequately to risks that migh [...]
South Africa special risks insurer tweaks strategy for climate-related risks
As extreme weather events become more frequent and severe, South African stakeholders including government, insurers and industry regulators are explo [...]