Lights go on in Burundi thanks to solar project

Lights go on in Burundi thanks to solar project

Lights go on in Burundi thanks to solar project

A new project has just delivered street lighting to downtown Bujumbura, extending commercial hours and personal safety. The switch-on is part of a deal between the capital of Burundi’s Mayor Freddy Mbonimpa and Gigawatt Global, a founding member of US Power Africa’s Beyond the Grid programme. Solar-powered ‘light islands’ began appearing in the heavily-trafficked central bus station and nearby marketplace.…

Technology risks require deeper partnership

Technology risks require deeper partnership

Technology risks require deeper partnership

Insurance solutions for emerging technologies will require closer partnerships between those in the risk transfer chain, as well as more information sharing, according to Jason Harris, chief executive, international at XL Catlin. But while new technology will change the risk landscape, it may help to help reduce the cost of insurance and improve service at carriers, he told Commercial Risk…

Cunningham Lindsey adds renewable wind energy team in Netherlands

Cunningham Lindsey adds renewable wind energy team in Netherlands

Cunningham Lindsey adds renewable wind energy team in Netherlands

Loss adjusting firm Cunningham Lindsey has established a new team of renewable wind energy experts in the Netherlands, in response to increased demand. Based at Cunningham Lindsey Nederland (CLN), the three-strong team is Michiel Groote Schaarsberg, a material science and technical loss adjuster; Morten Jensen, a wind power loss adjuster and consultant; and Erik van den Bos, a civil engineering…

PRA warns insurers about cyber risk management drill

PRA warns insurers about cyber risk management drill

PRA warns insurers about cyber risk management drill

Insurers have been urged to keep closer tabs on their cyber risk accumulation by the UK insurance supervisor. The Prudential Regulation Authority (PRA) has published a supervisory statement that sets out its expectations of insurers regarding managing cyber risk, in the context of their obligations under Solvency II. The statement follows a cross-industry review conducted between October 2015 and June…

South Africa prime for renewable energy investment conditions

South Africa prime for renewable energy investment conditions

South Africa prime for renewable energy investment conditions

South Africa has been ranked tenth among G20 countries for renewable energy investment opportunities. According to the Allianz Climate and Energy Monitor 2017, it scored highly for its depth of capital markets, even though a high inflation forecast brought down the overall score. The country has steadily increased its renewables capacity in recent years and has a relatively high presence…

Specialist cyber insurer opens in Singapore

Specialist cyber insurer opens in Singapore

Specialist cyber insurer opens in Singapore

A new insurer has launched in Singapore, hoping to capitalise on the growing insurtech market in the country. Delta Insurance Singapore (Delta IS) describes itself as “the first cyber, technology and financial lines Lloyd’s coverholder in Singapore”. It is part of the Delta International Group and a sister company to Delta New Zealand, which has a similar technology-based risk focus,…

Insurers urged to act to improve access to cover

Insurers urged to act to improve access to cover

Insurers urged to act to improve access to cover

Microinsurance experts have called on the wider insurance sector to act on widening access to insurance worldwide. A group of experts met for a Microinsurance Network event in Luxembourg to discuss the role microinsurance has in reducing the impact of financial shocks. “Insurance and development experts must recognise that insurance is a critical enabler if we are to attain many…

Africans have been urged to work together to reduce health risks

Africans have been urged to work together to reduce health risks

Africans have been urged to work together to reduce health risks

Stakeholders across Africa have been urged to work together to improve health coverage across the continent. The call came at the World Health Organization’s inaugural Africa Health Forum in Rwanda. Delegates acknowledged the progress in health made in the past few years but also recognised the need to address ‘old enemies’ such as HIV, TB and malaria and the new…

Bond launched as pandemic solution

Bond launched as pandemic solution

Bond launched as pandemic solution

The World Bank, through the International Bank for Reconstruction and Development (IBRD) is launching bonds that ultimately will help finance efforts to stop pandemics. Pandemics are one of the greatest systemic risks facing the world and the bonds will support the Pandemic Emergency Financing Facility (PEF), designed to channel first-response surge funding to developing countries facing the risk of a…

Supply chain issues high on agenda of Chinese risk managers: Parima conference

Supply chain issues high on agenda of Chinese risk managers: Parima conference

Supply chain issues high on agenda of Chinese risk managers: Parima conference

Risk managers in China have become increasingly aware of the growing risks in their supply chains, thanks to a number of high profile incidents in the region in recent years – from the Tianjin explosion in 2015 to the Melamine-tainted milk scandal in 2008. The subject was raised at the recent Shanghai conference of the Pan-Asia Risk and Insurance Management…

1 2 3 9