Tag: Feature
South Africa faces tough times ahead in worrying signs for insurers
South Africa’s GDP shrank by 1.3% in the final quarter of 2022, compared to forecasts of a 0.4% drop.
Analysts are blaming the record blackouts for [...]
AfDB seeks insurer support for 2023 programme
The co-financing, syndications and client solutions department of the African Development Bank Group has met with London-based insurers to galvanise c [...]
Africans take more cases against oil majors to European courts
In what is a continuing trend, environmental activists have been taking their African complaints to European courts in a bid to force major corporates [...]
Growing social inequality set to fuel protests, warns AGCS
Anger over growing social inequality and the cost of living, foundering faith in governments and institutions and increasingly polarised politics, tog [...]
Boards must wake up to broader geopolitical risks
Russia’s invasion of Ukraine in February 2022 triggered more than 1,000 companies to curtail their operations in the world’s 11th-biggest economy, rev [...]
Madagascar has contingencies to aid its swift recovery from devastating impacts of tropical cyclones
The unusually protracted journey tropical cyclone Freddy led across the Indian Ocean this past month was a stark reminder of the vulnerability African [...]
Cyclone Freddy set to threaten across southern Africa
Cyclone Freddy was born between the 3rd and 4th of February 2023 as a mere tropical disturbance characterised by non-frontal migratory behaviour.
A [...]
Marsh warns one in three globally set to be impacted by flooding
One out of three people globally will be threatened by flooding in a 1.5°C warming scenario, according to a new report from brokers Marsh McLennan.
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Ukraine war amounted to €475m losses for Munich Re in 2022, but overall profits rise
Man-made major losses for Munich Re in 2022 amounted to €1,742m (€1,165m), with the increase partly related to the war in Ukraine, totalling €475m. De [...]
P&C lines strong but insurers face challenges ahead, warns McKinsey
Global commercial property and casualty (P&C) lines have delivered strong financial performance in recent years following the soft market of 2013 [...]