Tag: Feature
Malawi receives US$11.2-million insurance payout after drought
The government of Malawi has received an insurance payout of US$11.2-million, to support the country’s recovery from a devastating drought arising fro [...]
IRMSA launches Lesotho chapter, expanding its continental footprint in risk management
The Institute of Risk Management South Africa (IRMSA) has officially launched a Lesotho Chapter, which it said marked “a significant milestone in the [...]
Drought in southern Africa hits 68 million people, warns SADC
Insurers will be bracing themselves as southern African governments warned about 68 million people are suffering the effects of an El Nino-induced dro [...]
Liberty, Sprout and Britam team up to launch coffee related parametric cover
Liberty Mutual Reinsurance (LM Re) has announced a partnership with insurtech firm Sprout and diversified financial services firm Britam as the local [...]
Mpox declared international emergency as cases rise in Africa
The upsurge of mpox in the Democratic Republic of the Congo (DRC) and a growing number of countries in Africa constitutes a public health emergency of [...]
Calls for focused action as Operation Vulindlela enters critical phase to revive South African municipalities
As South Africa faces mounting pressure to restore the functionality and efficiency of its local governments, the second phase of Operation Vulindlela [...]
Africa’s mounting debt crisis and the need for reform in the global financial architecture
Africa’s debt stocks have grown significantly in the past decade. Understandably, African governments took advantage of historically low interest rate [...]
Munich Re insurance revenue up in H1
Munich Re generated a net result of €1,623m (1,154m) in the second quarter of 2024 and €3,763m (2,425m) in the first six months of the year. Insurance [...]
Global natural catastrophe half-year losses down on 2023 figures, according to Munich Re
Global losses in the first half of 2024, at US$120bn, were lower than in the previous year ($140bn), according to the latest report from Munich Re.
[...]
Political unrest and climate crisis pose significant risks to Olympics says South African risk consultancy
The Paris Olympic Games that have just started face risks on several fronts, according to South African risk consultancy Riskonet Africa.
“The most [...]