Category: Risk Management
South Africa’s fraud epidemic deepens
South Africa is facing a deepening fraud and corruption crisis, with fresh data pointing to a surge in financial crime across sectors from banking an [...]
Recurring civil unrest and climate shocks demand insurance for Africa’s informal sector
Africa’s insurers must innovate targeted products to protect the informal sector from the growing wave of political violence and climate-related d [...]
South Africa’s insurers brace for climate stress testing amid rising weather risks
Insurers plying their trade in South Africa will soon be subject to a climate stress testing framework similar to that applied to the banking sector s [...]
Shrinking hail insurance deals blow to Zimbabwe’s climate resilience solutions
In 2018, heavy rains left small-scale tobacco farmers in Zvimba counting their losses after extensive crop damage. Similarly, a hailstorm in 2021 dest [...]
South Africa’s youth are dangerously unprepared for risk, warns IRMSA
In the aftermath of the catastrophic floods that struck the Eastern Cape province, claiming the lives of more than 98 South Africans, a powerful call [...]
Willis warns of rising political polarisation
Rising political polarisation is associated with increased political violence and unpredictable oscillations in government policies, according to the [...]
Banks, insurers tipped to lead Africa’s $60bn annual climate adaptation fund drive
Africa needs up to US$60 billion annually over the next decade for climate adaptation, or risks losing 2% to 5% of its GDP to climate shocks, expe [...]
What Sanlam-Allianz tie-up means for Nigeria’s insurance sector
The Nigerian insurance market recently witnessed a strategic merger between Sanlam Limited and Allianz SE’s operations in the western African market i [...]
South Africa risks a second power crisis without urgent acceleration in renewable energy and grid expansion
South Africa may face a renewed power crisis unless it dramatically speeds up renewable energy deployment and grid infrastructure expansion, according [...]
Deepfake scams cost billions, businesses unready
As insurance CEOs and their C-suites discuss whether or not to adopt artificial intelligence (AI) into their systems, criminals are already making hay [...]