Tag: Feature
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 [...]
Ibrahima Cheikh Diong named as first executive director of the fund for responding to loss and damage
The board of the fund for responding to loss and damage (FRLD) has named Ibrahima Cheikh Diong as its first executive director, for a four-year term b [...]
ASR receives BBB+ rating from Fitch
Africa Specialty Risks (ASR), the pan-African and Middle East-focused (re)insurance group, has reported that Fitch Ratings has assigned a BBB+ long-te [...]
Global climate financing by banks hits record levels but most goes to richer countries
Multilateral development banks (MDBs) have reported their global climate finance reached a record high of US$125-billion in 2023, however, the fastest [...]
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 [...]
CFC launches debt financing insurance linked to climate change
Specialist insurer CFC has developed a ground-breaking insurance policy first deployed with Standard Chartered Bank.
In a first for both the insura [...]
Geopolitics driving change for marine insurance, IUMI president warns
Recent geopolitical tensions are one of the key drivers of change for the marine insurance market, warned International Union of Marine Insurance (IUM [...]
ATIDI helping street children in Burundi
African Trade & Investment Development Insurance (ATIDI) has announced a financial contribution of US$40,000 to Street Child in Burundi.
The co [...]
Insurers weigh benefits of data sharing with engineers for improved road safety
Road designers and contractors have a chance to tap into insurers’ data on motor vehicle accidents and claims to improve on designs, offering a winnin [...]
Guy Carpenter adds note of optimism about reinsurance market
According to Guy Carpenter, the reinsurance market is characterised by reinsurers’ strong profitability in 2024 and growing capitalisation, which is e [...]