Expert insight essential for strong risk management

Expert insight essential for strong risk management

Expert insight essential for strong risk management

Tunisia and Morocco are set for economic growth this year, while Algeria and Egypt may suffer a decline, according to a new report from trade credit insurer Atradius The report analyses the political and economic situations of four north African countries, as well as ranking the performance of individual sectors within each and assessing their political and credit risk. Alun…

South African mines move towards settlement in silicosis claims

South African mines move towards settlement in silicosis claims

South African mines move towards settlement in silicosis claims

South African mining firms are reported to be preparing a multimillion-dollar settlement with as many as 100,000 former workers suffering from lung diseases. Mining News reported that Anglo American has set aside $101m in preparation for a potential settlement, while Gold Fields expects to pay about $30m to end a class action lawsuit. AngloGold Ashanti, Sibanye Gold and Harmony Gold Mining are among 32 respondents…

Chubb launches Ignite online platform for SME, middle-market companies

Chubb launches Ignite online platform for SME, middle-market companies

Chubb launches Ignite online platform for SME, middle-market companies

Chubb has unveiled Chubb Ignite, an online platform for brokers’ small and medium-sized commercial clients in South Africa. Chubb said the system “is quick and easy to use and allows brokers to quote specialist insurance online and be bound by Chubb within minutes, with instant documentation available online or via email”. The insurer added: “The tool is backed up by…

African digital economy set to lead the way – and reduce corruption

African digital economy set to lead the way – and reduce corruption

African digital economy set to lead the way – and reduce corruption

In ten years, the digital economy will probably account for 10% of African GDP, according to technology experts. Speaking at the launch of new digital services linking urban planners and developers in Senegal, Alain Taïeb, chairman of the supervisory board of Mobilitas, said: “In ten years, the digital economy will probably weigh 10% of African GDP. Digital should be an…

Climate change report forecasts higher intensity weather phenomena

Climate change report forecasts higher intensity weather phenomena

Climate change report forecasts higher intensity weather phenomena

Climate change is likely to cause higher frequency and intense weather events including thunderstorms, wildfires and floods, according to a new report from AIR Worldwide. The report found that the number of cyclone events is likely to fall, but there will be more strong storms. AIR Worldwide said flooding will be the most evident manifestation of climate change, with more…

Chubb launches upgraded travel policy and app

Chubb launches upgraded travel policy and app

Chubb launches upgraded travel policy and app

Chubb has launched a newly enhanced corporate travel insurance policy and associated innovative technology solutions for corporate clients. It said the move is in response to the changing needs of South African business travellers and their employers. Chubb’s Travel Premier product covers business travellers for major risks such as medical emergencies, natural disasters and outbreaks of civil unrest, as well…

Business must protect travelling staff

Business must protect travelling staff

Business must protect travelling staff

Organisations are not doing enough to ensure their travel risk strategies are fit for the 21st century realities of business travel and fulfil their legal duty of care, according to the UK’s risk management association Airmic. In a new report, it explains that business travel has grown by 25% in the past decade, with businesses sending employees and other people…

Swiss Re makes key appointments in Asia

Swiss Re makes key appointments in Asia

Swiss Re makes key appointments in Asia

Swiss Re has hired a number of senior executives to head up its new property and casualty reinsurance underwriting hub in Singapore, while its corporate insurance practice – Swiss Re Corporate Solutions (SRCS) – has made two senior appointments. Jonathan Rake will become SRCS chief executive for Asia-Pacific, taking over from Fred Kleiterp who has been appointed chief executive for…

Kenya court ends motor insurance price fixing deal

Kenya court ends motor insurance price fixing deal

Kenya court ends motor insurance price fixing deal

It’s back to the drawing board for Kenya motor vehicle insurers as the regulator-sanctioned price-fixing deal implemented in 2010 has been dismissed by the High Court in Nairobi, giving a chance to motorists to enjoy cheaper premiums. The Office of the Ombudsman has petitioned the High Court to review the 2010 directive by the Insurance Regulatory Authority (IRA) through intense…

CEO outlines Kenya banking challenges

CEO outlines Kenya banking challenges

CEO outlines Kenya banking challenges

Kenya’s banking industry is still paying the price resulting from the receivership of three banks in late 2015 and early 2016, as panic withdrawals and negative reputation resulted in lower liquidity in the industry, the chief executive of Kenya’s largest bank by customer base, Equity Bank’s James Mwangi, has said. Chase Bank, Dubai Bank and Imperial Bank were placed under…

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