Trust – so hard to win but so easy to lose

Trust – so hard to win but so easy to lose

Trust – so hard to win but so easy to lose

We all know how hard to can be to put our complete trust in someone or something, yet trust goes to the very heart of insurance. Buying insurance is buying a promise – a cliché but true. As is the cliché around insurance companies only being as good as the claims service they provide. We all know that and yet…

Trump and US sanctions – managing the risk

Trump and US sanctions – managing the risk

Trump and US sanctions – managing the risk

US trade and economic sanctions are tools to address national security, foreign policy and economic threats. For the past several decades, the vast majority of sanctions have been imposed by the President alone, not by Congress. Under US law, simply by declaring to Congress that he believes a particular threat constitutes a national emergency, the President becomes vested with authority…

Welcome to the new world order

Welcome to the new world order

Welcome to the new world order

It seems everyone is an expert on everything right now. Turning on the breakfast news this morning, I was greeted with an interview of a Hollywood actor (albeit a good one) pronouncing on the new world order and on how politicians would never deliver the hoped-for results. And that seems to be true of everything. Whenever anything happens, the whole…

Product recall legislation on the rise in southern Africa

Product recall legislation on the rise in southern Africa

Product recall legislation on the rise in southern Africa

  Risk managers need to be aware that South Africa’s Consumer Protection Act 68 of 2008 (CPA), which came into effect in April 2011, was the country’s first foray into consumer rights legislation and has dramatically altered the legal landscape around product recall and product liability more generally. And it is a growing issue across the region. In Zimbabwe, a…

Struggle to protect patents in Africa

Struggle to protect patents in Africa

Struggle to protect patents in Africa

Contrary to real estate, intellectual property is more democratic: you do not need an amount of capital or goods to generate more capital, according to Vitor Palmeda Fidalgo, a patent and trademark attorney at Inventa International. However, to obtain an intellectual property patent, it is not enough just to invent something. He says: “A good business environment and a suitable, reliable…

Is insuring loss of power in Africa viable?

Is insuring loss of power in Africa viable?

Is insuring loss of power in Africa viable?

Estimates suggest that of the 1.2 billion people in the world who do not have access to electricity, half live in Africa. One way forward to solve Africa’s power supply problem is to give people access to electricity through the development of off-grid and ‘mini-grid’ solutions. However, this technology remains nascent and there are a number of barriers to widespread uptake.