Category: Sustainability
Catastrophic events likely to reduce global economy
Some 1.55% of 2020 global GDP could be wiped off the global economy by catastrophic events, according to the Centre for Risk Studies at the University [...]
Insurers have role to play in building resilience in the face of increasing catastrophes across Africa
African leaders have been calling for special considerations at the COP 25 climate conference in Madrid, as floods inundate Kenya. Of particular conce [...]
Date for your 2020 diary
The third UN Principles for Sustainable Insurance (PSI) event will take place at Victoria Falls in Zimbabwe on 11-13 March, bringing together leading [...]
IDF report highlights need for insurance sector to harness technology
The Insurance Development Forum (IDF) has called for better use of technology to close the protection gap, in a move that would help African economies [...]
ESG: a question not of if but of when
Insurers and their insureds must incorporate ESG strategy throughout their company culture or run the risk of being left behind. The warning came as p [...]
ESG higher on agenda for financial institutions globally
Insurers should take note of an updated version of the Equator Principles (EPs), which promote an ESG agenda and will come into effect from July 2020, [...]
Insurers need to factor in water when assessing project risks
Water risks are often ignored by insurers and mainstream investors, despite being cited by the World Economic Forum as one the five biggest threats to [...]
Zimbabwean insurers face higher capital requirements
Zimbabwe’s insurance regulators have joined others across the continent by significantly increasing capital requirements for insurance entities. The m [...]
Ghana to launch National Development Bank
The Ghanaian government is to establish a National Development Bank (NDB) next year, to provide long-term funding and credit to private-sector players [...]
VIDEO: Why insurers should factor climate risk into their strategy
Nigel Brook, partner at Clyde & Co LLP, discusses the growing impetus from regulators across the world for insurers to adopt climate resilienc [...]